Tag: Featured

Zafiri IFC off-grid Africa
BusinessHot News

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Zafiri targets $1 billion valuation as IFC commits $120 million to expand off-grid energy and clean cooking access across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Naguib Sawiris, one of Africa's richest individuals.
Hot NewsBillionairesBusiness

Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Egyptian billionaire Naguib Sawiris boosts wealth to $11.3 billion as $400 million flows into gold, strengthening his mining portfolio.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker James Mwangi
BusinessHot News

Kenya’s richest banker James Mwangi’s stake in Equity Group tops $70 million

James Mwangi’s Equity Group stake tops $70 million as shares rally, boosting wealth and reinforcing investor confidence in the lender.

Feyisayo Ajayi Feyisayo Ajayi
Metair $198 million debt refinance
BusinessHot News

South Africa’s Metair secures $198 million debt refinance, extends maturity to 5 years

Metair refinances $198 million debt, extending maturity to five years to ease pressure and support capital spending ahead of FY2026 shift.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
Hot NewsBusiness

Nigeria’s Access Holdings skips 2025 dividend as $380 million impairment hits income

Access Holdings will skip its 2025 final dividend after $380 million impairment charges weighed on earnings despite profit growth and asset expansion.

Omokolade Ajayi Omokolade Ajayi
NCBA model
BusinessHot News

South Africa’s Nedbank secures 77% backing for $856 million NCBA acquisition in Kenya

Nedbank secures 77% backing for its $856 million NCBA stake acquisition, advancing a cross-border deal to expand into Kenya’s fast-growing banking market.

Feyisayo Ajayi Feyisayo Ajayi
Amadou Diallo, Senegalese executive and CEO of Aramex.
BusinessGlobal NewsHot News

Senegalese executive Amadou Diallo named CEO of logistics giant Aramex

Amadou Diallo takes over as Aramex CEO as the $1.73 billion logistics group seeks steadier earnings and growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Egypt increases gas prices for industries as energy costs fluctuate

Egypt raises natural gas prices for key industries as it adjusts subsidies and manages rising energy import costs under IMF program.

Omokolade Ajayi Omokolade Ajayi
Marvin Ellison Lowe’s compensation
BusinessHot News

Marvin Ellison earns $22 million as Lowe’s CEO, cementing position among top Black executives

Marvin Ellison earns $21.6 million in 2025 as Lowe’s posts strong revenue growth, reflecting performance-linked executive compensation.

Feyisayo Ajayi Feyisayo Ajayi
Public Investment Corporation
BusinessHot News

PIC joins top investors in Spear REIT, acquires $22 million stake

PIC has acquired a $22 million stake in Spear REIT, securing 6.557% holding and ranking among top five shareholders in a regulatory filing.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank profit growth
BusinessHot News

Malawi’s FDH Bank posts $85 million profit amid Mozambique expansion

FDH Bank profit nearly doubles to $85 million in 2025, driven by strong lending growth, rising interest income and regional expansion push.

Feyisayo Ajayi Feyisayo Ajayi
Salungano $182 million revenue coal output
BusinessHot News

South Africa’s Salungano reports $182 million revenue on stronger coal output

Salungano reports $182 million revenue as coal output and sales surge, boosting profit and strengthening balance sheet.

Feyisayo Ajayi Feyisayo Ajayi