Tag: Featured

Presco Plc, Nigeria’s leading palm oil producer.
Hot NewsBusiness

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

Nigeria’s largest palm oil processor, Presco, declares $11 million dividend as 2025 profit rises to $88.7 million on stronger revenue and margins.

Omokolade Ajayi Omokolade Ajayi
Evanson Njenga CFG Isuzu Kenya
Hot NewsExclusive

Kenyan businessman Evanson Njenga, prominent Isuzu dealer, dies at 90

Evanson Njenga, founder of CFG and key Isuzu dealer, dies at 90, leaving a four-decade legacy in Kenya’s automotive sector.

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi
Edita $9.3 million loan Egypt
BusinessHot News

Egypt’s Edita secures $9.3 million loan to expand production capacity

Edita secures $9.3 million loan to boost production capacity after strong earnings growth and rising demand for packaged foods in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder of Zenith Bank.
Hot NewsBusiness

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

Jim Ovia retires after growing Zenith Bank to $23 billion in assets, closing a 30-year era that shaped one of Africa’s top lenders.

Omokolade Ajayi Omokolade Ajayi
LuxuryBillionairesBusinessHot News

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

Mohammed Al-Amoudi plans 10 hotels in Ethiopia as wealth exceeds $9 billion, expanding MIDROC’s hospitality investments.

Omokolade Ajayi Omokolade Ajayi
Africa property companies list
Hot NewsBusiness

10 most valuable real estate companies in Africa

Africa's listed property sector is expanding across markets, led by South African REITs and diversified firms driving urban growth investor returns.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank, Nigeria’s most profitable lender.
Hot NewsBusiness

After $230 million Q1 profit, Zenith Bank opens Côte d’Ivoire subsidiary

Following $230 million Q1 profit, Zenith Bank launches Côte d’Ivoire subsidiary to deepen West African corporate banking expansion.

Omokolade Ajayi Omokolade Ajayi
Turnstar House, Turnstar Holdings commercial property located in Main Mall, Gaborone, Botswana.
Hot NewsBusiness

Botswana’s Turnstar reports $26.1 million rental income; profit falls 64%

Gaborone-based property investment company Turnstar posts $26.1 million rental income; profit falls 64% amid valuation and FX losses.

Omokolade Ajayi Omokolade Ajayi
Peter Ndegwa Safaricom compensation 2025
BusinessHot News

Safaricom’s CEO Peter Ndegwa pockets $2.3 million salary in 2025

Safaricom CEO Peter Ndegwa earned $2.28 million in 2025, up 16.6%, as profit declined despite revenue and asset growth.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

Nigerian billionaire Abdul Samad Rabiu reaches $15.8 billion net worth, becoming Africa’s second-richest as BUA Cement shares rally.

Omokolade Ajayi Omokolade Ajayi
Shaun Roos corruption case
BusinessHot News

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

Cape Town court denies bail to businessman Shaun Roos over $95 million corruption case tied to municipal contracts and bribery allegations.

Feyisayo Ajayi Feyisayo Ajayi