Tag: Featured

EntertainmentTechnology

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ takeover

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ $2.1 billion acquisition.

Omokolade Ajayi Omokolade Ajayi
Tanzania petroleum storage expansion
BusinessHot News

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security amid global supply risks.

Feyisayo Ajayi Feyisayo Ajayi
Hot News

Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Oil at $85 boosts Nigeria and Angola’s revenues but raises fuel costs and inflation in South Africa.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Nassef Sawiris.
BusinessHot News

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the nitrogen producer.

Feyisayo Ajayi Feyisayo Ajayi
GB Corp new subsidiaries
BusinessHot News

Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp. plans three subsidiaries in technology and investment services, pending shareholder approval at its March 29 extraordinary meeting in Cairo.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Meta co-founder Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

Omokolade Ajayi Omokolade Ajayi
Ibnsina Pharma 2025 profit growth
BusinessHot News

Ibnsina Pharma, Egypt’s largest pharmaceutical distributor posts $19 million profit in 2025

Ibnsina Pharma posts $19 million profit in 2025 as revenue jumps 37%, cementing Egypt distribution market dominance.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

South Africa’s $1 billion LNG terminal at Richards Bay delayed to 2028 after court disrupts Eskom-linked plans.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Nassef Sawiris.
Hot NewsSports

Egyptian billionaire Nassef Sawiris takes Adidas chair, holds $2 billion stake

Egyptian billionaire Nassef Sawiris to chair Adidas, holding $2 billion stake as CEO Bjorn Gulden stays through 2030.

Omokolade Ajayi Omokolade Ajayi
Tony Elumelu Foundation 2026 cohort
BusinessHot News

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 entrepreneurs in 2026 cohort

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 African entrepreneurs in 2026 seed funding rollout.

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
BusinessHot News

Sanlam commits $196 million for 25% stake in ARC’s diversified investment portfolio

Sanlam Life invests $196 million for 25% of ARC Fund portfolio, deepening ties with Patrice Motsepe’s Ubuntu-Botho.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Africa’s largest telecom operator MTN plans Syria exit, cuts Middle East exposure

MTN Group plans to exit Syria, reducing Middle East exposure, while Nigerian operations boost profits and strengthen earnings.

Omokolade Ajayi Omokolade Ajayi