Tag: Featured

Sean Summers salary 2026
ExecutivesHot News

South African retail veteran Sean Summers bags $3.4 million pay in 2026 amid Pick n Pay’s turnaround push

Sean Summers earned $3.4 million total pay in 2026 as Pick n Pay advances turnaround, with Boxer growth offsetting supermarket losses pressure.

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

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Jim Ovia pivots from banking to luxury Lagos real estate, investing in high-end towers priced up to $2.8 million for wealthy buyers and diaspora investors.

Omokolade Ajayi Omokolade Ajayi
Indorama phosphate fertilizer project
BusinessHot News

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in Ain Sokhna, Egypt region

Feyisayo Ajayi Feyisayo Ajayi
Omnia Holdings earnings growth
BusinessHot News

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Glencore
BusinessHot News

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement deal

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

Omokolade Ajayi Omokolade Ajayi
Tatu City stake dispute Kenya
BusinessHot News

Firm linked to Kenyan industrialist Vimal Shah loses $16 million Tatu City stake battle

Privy Council ruling clears sale of Vimal Shah-linked stake in Tatu City, ending decade-long ownership dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aysha Wind Project Ethiopia
Hot NewsBusiness

Ethiopia’s $507 million Aysha Wind Project advances with IFC-proposed financing

Ethiopia nears financing for $507 million Aysha Wind project as IFC proposes up to $65 million investment in 300.2MW renewable scheme in Ethiopia.

Feyisayo Ajayi Feyisayo Ajayi
Rajabali brothers NMB Bank stake
BusinessHot News

Wealthy Rajabali brothers’ NMB Bank stake climbs to $126.4 million on stock rally

Rajabali brothers’ NMB Bank stake hits $126.4 million as shares rally on strong earnings, lifting investor confidence in Tanzania’s leading lender.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
TechnologyBillionairesBusinessHot News

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

Google’s $30 billion SpaceX deal validates the metrics for Elon Musk's upcoming $1.77 trillion IPO.

Omokolade Ajayi Omokolade Ajayi