Tag: Featured

Deneb Investments property disposal
BusinessHot News

South Africa’s Deneb secures approval for $7.4 million Cape Town property sale

Deneb gets Competition Commission approval to sell its Cape Town property for $7.4 million, finalizing Deneb House disposal deal.

Feyisayo Ajayi Feyisayo Ajayi
Raya Holding Ostool deal
BusinessHot News

Raya Holding agrees to sell 90% stake in Ostool to Ascom in $12.4 million deal

Raya Holding agreed to sell a 90% stake in Ostool to Ascom for $12.4 million, advancing its shift in Egypt’s logistics sector, deal momentum gain

Feyisayo Ajayi Feyisayo Ajayi
ORA Developers UAE expansion
BusinessHot News

Egypt’s ORA Developers begins Phase 1 construction of $517 million BAYN project in Abu Dhabi

ORA Developers has begun Phase 1 construction of its $517 million BAYN project in Abu Dhabi, marking a key execution milestone in the UAE market.

Feyisayo Ajayi Feyisayo Ajayi
Vivian Reddy Oceans Mall Umhlanga
LuxuryHot News

South African businessman Vivian Reddy’s $68.5 million Oceans Mall reshapes Umhlanga’s luxury retail landscape

Vivian Reddy’s $68.5 million Oceans Mall drives Umhlanga’s rise as a luxury retail and mixed-use coastal investment hub.

Feyisayo Ajayi Feyisayo Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusinessGlobal News

Pakistan drinks record Kenyan tea as Middle East conflicts disrupt global shipping

Pakistan imported a record 56.47 million kilograms of Kenyan tea in the first quarter of 2026.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
Hot NewsBusiness

South African property firm Putprop buys Johannesburg retail center for $7.6 million

Putprop expands its Gauteng portfolio with a $7.6 million retail center acquisition in Johannesburg’s Kramerville design and commercial district.

Omokolade Ajayi Omokolade Ajayi
Kenyatta Ndegwa payout
BusinessHot News

Kenyatta, Ndegwa families set for $40.6 million payout in Nedbank’s NCBA takeover push

Kenyatta and Ndegwa families set to receive $40.6 million cash in Nedbank’s NCBA takeover push as cross-border banking deal advances in Kenya

Feyisayo Ajayi Feyisayo Ajayi
Vivian Imerman business empire
Hot NewsBusiness

7 Companies owned by South African-born Vivian Imerman

Vivian Imerman built a consumer goods empire, transforming Del Monte and Whyte & Mackay into global profit engines.

Feyisayo Ajayi Feyisayo Ajayi
DTB Kenya fraud case
BusinessHot News

2 former staff of Diamond Trust Bank Kenya charged over alleged $1.2 million customer account theft scheme

Former Diamond Trust Bank Kenya managers charged over alleged $1.2 million theft from customer account spanning multiple years prosecutors say

Feyisayo Ajayi Feyisayo Ajayi
Mauritius-based property developer Evaco Group.
LuxuryBusinessHot News

Debt costs push Mauritius-based Evaco Group to $3.1 million nine-month loss

Mauritius property developer Evaco Group falls into a $3.1 million nine-month loss as steep debt costs and plunging revenues stall corporate liquidity.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital targets Rwanda next after Francophone West Africa success

Peter Ashade leads United Capital toward Rwanda, aiming to push the group's market capitalization past the $300 million threshold.

Omokolade Ajayi Omokolade Ajayi
Charles Molapisi MTN compensation 2025
Hot NewsExecutives

South African Executive Charles Molapisi bags $2.6-million pay in 2025

MTN executive Charles Molapisi earns nearly $2.6 million in 2025 as profit rebound and strong performance lift compensation.

Feyisayo Ajayi Feyisayo Ajayi