Tag: Featured

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Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya moves to secure International Monetary Fund support as rising energy prices and geopolitical tensions pressure the economy and fiscal stability.

Omokolade Ajayi Omokolade Ajayi
CRDB Proparco Tanzania trade finance deal
BusinessHot News

CRDB secures $106 million Proparco-backed Tanzania trade finance deal

CRDB, Proparco sign $106 million guarantee deal to expand MSME financing, boost trade across Tanzania and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Nigerian insurance tycoon Wole Oshin bags N4.7 billion payout from Custodian

Wole Oshin bags N4.7 billion ($3.5 million) payout as Custodian Investment approves N16.17 billion dividend after strong 2025 earnings and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Glencore CEO Gary Nagle leads a $90 billion commodity giant reporting stronger earnings and expanding copper projects worldwide.

Omokolade Ajayi Omokolade Ajayi
NAHCO dividend bonus shares Olaiya
Hot NewsBusiness

Nigerian clergyman Victor Olaiya to receive N1 billion, 24.3 million bonus shares from NAHCO

NAHCO proposes N1 billion payout, bonus shares as Olaiya’s stake surges ahead of May 15 AGM in Lagos.

Feyisayo Ajayi Feyisayo Ajayi
Westbrooke Investment Management logo representing the South African private equity firm.
BusinessHot News

Westbrooke secures $102 million for UK private equity push with South African capital

Westbrooke raises £75 million ($102 million) in a UK private equity fund backed by South African investors targeting mid-market companies.

Omokolade Ajayi Omokolade Ajayi
Helios Towers 2026
BusinessHot NewsTechnology

Nigerian tycoon Temitope Lawani’s Helios opens 2026 with $230 million in revenue

Helios Towers reports $230 million revenue, driven by tenancy growth and rising telecom infrastructure demand across Africa and Middle East.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi
Balwin Properties
BusinessHot News

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing demand.

Feyisayo Ajayi Feyisayo Ajayi
Prosus sells Delivery Hero stake
BusinessHot News

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi
Ladismith Cheese
BusinessHot News

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company in a deal valued at up to $50 million, marking a strategic shift in South Africa’s food industry as Sea Harvest exits dairy operations to reduce debt and refocus on its core seafood business. The acquisition, executed through Fairfield Dairy,…

Feyisayo Ajayi Feyisayo Ajayi
NAHCO dividend and bonus shares
BusinessHot News

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion plan.

Feyisayo Ajayi Feyisayo Ajayi