Tag: Featured

African billionaires: Nassef, Patrice and Johann
SportsBusiness

Africa’s richest club owners influence global football industry

Africa’s richest football club owners, from Motsepe to Sawiris, reshaping African football through major global investments and clubs.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
Hot NewsBusiness

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

Charles Mbire set to receive $2.02 million dividend from MTN Uganda as revenue hits $243 million and profit stands at $46 million.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
Hot NewsBillionairesBusiness

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom 25-year licence Kenya
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth rise trend

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

Diamond Trust Bank sells 83.67% Burundi stake for $9.8 million, exiting the market after 16 years and reshaping its regional strategy.

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi