Tag: Featured

BusinessHot News

Over 400 Nestlé employees in South Africa face layoffs

Nestlé starts layoffs in South Africa, part of a global restructuring affecting 16,000 jobs to boost performance and efficiency.

Omokolade Ajayi Omokolade Ajayi
Vukile Islazul Madrid acquisition
Hot NewsLuxury

Vukile, led by South African REIT specialists, acquires Islazul Shopping Centre in Madrid

Vukile acquires Madrid’s Islazul Shopping Centre for €202 million ($238.4 million), expanding Castellana’s Iberian retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria tax bill 2025
BusinessHot News

Karl Toriola-led MTN Nigeria posts $3.8 billion in revenue, returns to profitability

MTN Nigeria posts $3.8 billion revenue in 2025, reversing losses as data, fintech and FX stability drive profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
Parkville Pharmaceuticals Egypt investment
BusinessHot News

Egypt’s Parkville Pharmaceuticals gets investment from Proparco, Adenia and DEG

Proparco, Adenia and DEG acquire majority stake in Egypt’s Parkville to boost local cosmeceutical manufacturing and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Stripe PayPal acquisition
Hot NewsTechnology

Stripe explores PayPal’s $43 billion takeover after $159 billion valuation

Stripe explores PayPal acquisition after $159 billion valuation, signaling fintech consolidation and digital payments expansion.

Feyisayo Ajayi Feyisayo Ajayi
Malawi government stake in Sunbird Tourism
Hot NewsTourism

Sunbird Tourism rally lifts Malawi government’s stake above $200 million

Malawi government’s stake in Sunbird Tourism surpasses $200 million as shares double, lifting market value on the Malawi Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
BusinessHot News

South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

After Herbalife deal, Ronaldo buys into Saudi-backed Spanish club

Cristiano Ronaldo buys 25% of Saudi-backed UD Almería after taking a 10 percent Herbalife stake, expanding his global investments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwe lithium export ban lifts prices and producer shares

Zimbabwe’s decision to halt exports of lithium concentrate has shaken global markets, sending both commodity prices and producer shares higher. On the Guangzhou Futures Exchange, lithium carbonate jumped 5.4 percent to 177,000 yuan ($25,856) a ton by late morning, reflecting concerns over tightening supplies of the battery-critical mineral. Investors reacted swiftly, with shares of lithium companies across China, Australia, and…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BusinessHot News

Tony Elumelu’s Transcorp hits N1 trillion in assets; dividend doubles

Tony Elumelu’s Transcorp tops N1 trillion in assets as revenue and profit surge across power and hospitality businesses.

Omokolade Ajayi Omokolade Ajayi
Wema Bank insider loan
BusinessHot News

Kessington Adebutu’s stake in Wema Bank nears $120 million

Kessington Adebutu’s Wema Bank stake nears $120 million as shares surge 26% in 2026, lifting market value by $25 million.

Feyisayo Ajayi Feyisayo Ajayi
Castellana Spain real estate
Hot NewsLuxury

Vukile approves $155 million shareholder loans to Castellana to fund growth pipeline

Vukile approves $155 million shareholder loans to Castellana, boosting Spain retail growth while ensuring solvency and long-term equity strategy.

Feyisayo Ajayi Feyisayo Ajayi