Tag: Featured

Mauritius-based conglomerate Alteo Limited.
Hot NewsBusiness

Mauritius-based Alteo reports nine-month revenue above $70 million, assets top $500 million

Its profit, however, declined as gains in agriculture and real estate were offset by weaker energy revenue and lower margins, resulting in a decline in earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy veteran Layi Fatona.
Hot NewsBusiness

Nigerian energy veteran Layi Fatona named ND Western chair amid upstream expansion plans

Layi Fatona has been named chairman of ND Western, reinforcing the company’s upstream oil and gas expansion strategy as it strengthens production and asset growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Attijariwafa Bank $315 million profit
BusinessHot News

Moroccan banking giant Attijariwafa Bank posts $315 million profit as provisions drop

Attijariwafa Bank posts $315 million Q1 profit as provisions fall, boosting earnings despite rising costs and global uncertainty.

Feyisayo Ajayi Feyisayo Ajayi
Morocco hospitality expansion
Hot NewsTourism

Egyptian businessman Kamel Abou-Ali’s Pickalbatros targets Morocco expansion with $165 million funding

Pickalbatros plans Morocco expansion with $165 million IFC funding, boosting $300 million hospitality upgrades across key cities in Morocco.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Naguib Sawiris.
Hot NewsBillionairesBusiness

Egyptian billionaire Naguib Sawiris’ net worth rises nearly $1 billion as gold fuels gains

Naguib Sawiris’ wealth has climbed by nearly $1 billion this year, reaching about $11.6 billion as surging gold prices boost his mining-linked investments.

Omokolade Ajayi Omokolade Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR Group posts weaker-than-expected first-half earnings on margin pressure

SPAR Group posts weaker-than-expected first-half earnings as margin pressure, impairments and promotions weigh on results in Southern Africa.

Omokolade Ajayi Omokolade Ajayi
South African pharmacy retailer Dis-Chem Pharmacies.
Hot NewsBillionairesBusiness

Dis-Chem revenue climbs 9% to $2.64 billion on retail and wholesale growth

Dis-Chem revenue rises 9% to $2.64 billion as retail and wholesale growth, store expansion and healthcare investments lift performance.

Omokolade Ajayi Omokolade Ajayi
Rodney Sacks Monster Beverage growth
Hot NewsBusiness

South African executive Rodney Sacks drives Monster Beverage’s $86 billion rise

Rodney Sacks turned Monster Beverage into an $86 billion global energy drink leader through bold strategy and sustained growth.

Feyisayo Ajayi Feyisayo Ajayi
Adegbite Falade, Managing Director and Chief Executive Officer of Aradel Holdings.
Hot NewsBillionairesBusiness

Rising Aradel share price pushes CEO Adegbite Falade’s stake close to $15 million

Aradel CEO Adegbite Falade’s stake climbs toward $15 million as shares gain one hundred seventy percent on Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Yoco & Dyner ai team
BusinessHot News

South Africa’s fintech Yoco buys Dyner.AI in first major acquisition     

South African fintech Yoco acquires Dyner.AI to strengthen its AI-driven SME platform and expand digital tools for 200,000 merchants.

Timilehin Adejumobi Timilehin Adejumobi
Aspen APAC divestment deal
BusinessHot News

Stephen Saad’s Aspen completes $1.7 billion APAC exit to cut debt

Aspen completes $1.6 billion APAC exit, strengthening balance sheet and cutting debt as it sharpens strategic focus after Asia-Pacific divestment.

Feyisayo Ajayi Feyisayo Ajayi
CA&S Sunpac acquisition South Africa
BusinessHot News

Botswana executive Duncan Lewis-led CA&S completes Sunpac acquisition after regulatory approval

CA&S completes Sunpac acquisition after regulatory approval, expanding South Africa distribution network and strengthening FMCG market position.

Feyisayo Ajayi Feyisayo Ajayi