Tag: Featured

Vision Group Tongaat liquidation assets
BusinessHot News

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s Q1 2026 earnings
BusinessHot News

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi
Movit IFC financing deal
BusinessHot News

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in Uganda expansion push

Feyisayo Ajayi Feyisayo Ajayi
Kabwe
Hot NewsBusiness

Shuka Minerals hits 65.7% zinc grade at Zambia’s Kabwe mine after takeover

Shuka Minerals hits 65.7% zinc at Zambia’s Kabwe mine, boosting resource expansion outlook and strengthening project economics.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

Eskom explores World Bank support for a multibillion-dollar nuclear project aiming to add up to 5,200 megawatts to South Africa’s power grid.

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub, Group CEO of Vodacom
BusinessTechnology

Vodacom CEO Shameel Joosub pockets $2.4 million salary in 2025 

Vodacom CEO Shameel Joosub pockets $2.4 million in 2025, up 15%, as profits and Africa expansion drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria CEO pay 2025
Hot NewsBusiness

CEO of MTN Nigeria Karl Toriola takes $3.5 million pay in 2025

MTN Nigeria CEO Karl Toriola’s pay jumps 61% to $3.5 million in 2025, driven by strong profit rebound and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu plans $120 million Averi asset acquisition in African energy push

Mantengu plans $120 million Averi acquisition to expand into African energy, digital infrastructure and diversify beyond mining.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBusiness

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Aliko Dangote’s conglomerate begins work on a 10,000-hectare Ogun deep-sea port to expand exports, logistics and industrial capacity in Nigeria.

Omokolade Ajayi Omokolade Ajayi
LuxuryHot News

Inside five-star Sankara Nairobi linked to Kenyan tycoon Baloobhai Patel

Sankara Nairobi leverages Westlands location, Marriott backing, and private ownership to sustain demand amid rising luxury hotel competition.

Feyisayo Ajayi Feyisayo Ajayi
Tony Elumelu with Awele Vivien Elumelu.
Hot NewsBillionairesBusinessExclusive

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TIME100 honors Tony and Awele Elumelu as TEF impact reaches 2.1 million Africans lifted from poverty through entrepreneurship programs.

Omokolade Ajayi Omokolade Ajayi