Tag: Featured

South Africa’s second-richest man, Nicky Oppenheimer.
Hot NewsBillionairesBusiness

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

Nicky Oppenheimer adds $1.6 billion in five weeks as private investments drive wealth recovery across Africa, Asia, and global markets.

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Head office
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Hacienda Ras El Hekma
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for Egypt property stocks.

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

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Aliko Dangote’s $20 billion refinery lifts petrol prices 82 percent in 2026, reshaping Nigeria’s fuel supply as costs climb.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

African ports see minimal gains as Hormuz tensions divert global shipping via Cape routes, extending voyages and reshaping trade flows.

Omokolade Ajayi Omokolade Ajayi
Agritech Kenya
BusinessHot News

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi
Arno Daehnke Standard Bank pay
BusinessHot News

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

Access Bank plans to scale back foreign units after Central Bank of Nigeria caps overseas exposure at 10% of shareholders’ funds.

Timilehin Adejumobi Timilehin Adejumobi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

Mauritius plans to attract 100 high-net-worth investors annually through a golden visa requiring at least 1 million dollars in investment.

Omokolade Ajayi Omokolade Ajayi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
Hot NewsBillionaires

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The latest pledge brings the foundation’s total support to Ksh7.6 billion ($59 million) after the Ksh3.8 billion contribution made last year.

Omokolade Ajayi Omokolade Ajayi
Absa Kenya stake increase
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight credit conditions.

Feyisayo Ajayi Feyisayo Ajayi