Tag: Featured

Quintin Rossi, the CEO of Spear REIT Limited.
BusinessHot News

Spear REIT invests $6 million in Mambos’ Cape Town distribution centre

Spear REIT is investing R90 million ($6 million) in a 7,150 m² Mambos distribution centre, supporting logistics growth and expansion across South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Zanele Matlala
BusinessHot News

South African executive Zanele Matlala leads Merafe to $32 million profit in H1 2026

Merafe Resources’ profit jumped 64% to $32 million as higher chrome ore prices and sales offset a 75% plunge in ferrochrome production during the first half.

Feyisayo Ajayi Feyisayo Ajayi
Globacom
TechnologyBusinessHot News

Glo launches Gloria AI assistant amid network expansion and subscriber growth

Globacom launches Gloria AI assistant as network expansion supports subscriber growth, with the telecom operator adding 1.2 million users in May.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based Cim Finance.
BusinessHot News

Mauritius-based Cim Finance profit holds at $18.9 million despite higher impairments

Cim Finance posted $18.9 million profit as lending growth and higher revenue offset rising impairment losses in nine months.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Uganda’s half-year profit rises 37.7% to $99 million on data, fintech growth

MTN Uganda’s profit rose 37.7% to $99 million in the first half of 2026, driven by growth in data, fintech revenue and its customer base.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.5 billion as fortune reaches $21.5 billion

Johann Rupert gains $1.5 billion in four weeks as his fortune reaches $21.5 billion, boosted by gains in Richemont shares.

Omokolade Ajayi Omokolade Ajayi
Nigerian Pastor Jerry Eze
BusinessHot News

Nigerian Pastor Jerry Eze takes board role at Tony Elumelu’s Heirs Life

Pastor Jerry Eze joins Heirs Life’s board as the insurer seeks to build consumer trust and expand insurance access in Nigeria.

Omokolade Ajayi Omokolade Ajayi
American pop star Beyoncé.
BusinessHot News

Beyoncé takes full control of her whisky brand, SirDavis, after LVMH sells stake

Beyoncé has taken full control of SirDavis after LVMH sold its stake in the whisky brand less than two years after its launch.

Omokolade Ajayi Omokolade Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso regains cocoa crown even as export revenue plunges 63%

Cameroon’s cocoa exports plunge 63% as Kate Fotso regains the cocoa crown despite falling prices, weaker shipments and a global surplus in 2025–2026.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessHot News

Glencore eyes Australia listing to tap $3.1 trillion pension investment pool

Glencore plans an Australia listing as soon as October to tap the country’s $3.1 trillion pension investment pool.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

NCBA Bank takes control of Multiple Hauliers in $55.7 million debt dispute

NCBA Bank takes control of Multiple Hauliers in a KSh7.2 billion ($55.7 million) debt dispute as PwC administrators oversee the company.

Omokolade Ajayi Omokolade Ajayi
BusinessBillionairesHot News

Nigerian billionaire Femi Otedola’s First HoldCo stake rises to $1.27 billion after latest share purchase

Femi Otedola’s First HoldCo stake rises to $1.27 billion after a N18.11 billion share purchase lifts his ownership to 26.1 percent.

Omokolade Ajayi Omokolade Ajayi