Tag: Featured

Kenyan tycoon Ngugi Kiuna.
Hot NewsBillionairesBusiness

Heineken seeks to block $1.8 million interest award in decade-long battle with Kenyan tycoon Ngugi Kiuna

Heineken appeals a $1.8 million interest ruling in its long-running Kenya dispute with tycoon Ngugi Kiuna’s Maxam Ltd.

Omokolade Ajayi Omokolade Ajayi
Glencore South Africa job cuts
BusinessHot News

Glencore halts 1,500 job cuts after South Africa approves discounted power for smelters

Glencore halts 1,500 job cuts after South Africa approves discounted electricity tariffs to support struggling ferrochrome smelters.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
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OCI Global sells 50% of OCI Nitrogen to AGROFERT in $128 million restructuring deal

OCI Global agreed to sell 50% of OCI Nitrogen to AGROFERT in a €110 million ($128.31 million) deal, advancing portfolio restructuring strategy continues. push

Feyisayo Ajayi Feyisayo Ajayi
Initiates Uganda
BusinessHot News

Nigerian businessman Reuben Ossai’s TIP raises Uganda unit stake by $2 million

Nigerian firm The Initiates Plc raised its Uganda unit stake to 55% with a $2.02m deal, boosting East Africa oil services expansion push for growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Uganda court clears taxman to enforce $4.9 million tax demand against Nile Breweries

Uganda High Court allows Ugandan taxman to enforce $4.9 million tax demand against Nile Breweries as appeal remains pending.

Feyisayo Ajayi Feyisayo Ajayi
Coris Bank Chad
BusinessHot News

World Bank backs Coris Bank Chad with $10 million to boost SME access

IFC backs Coris Bank Chad with $10 million guarantee to expand trade finance, boosting SME access and cross-border commerce.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian fintech company Paystack.
TechnologyBusinessHot News

Following move to close $32 billion financing gap Paystack launches AI dashboard for SMEs

Paystack launches an AI dashboard helping merchants analyze data and manage finances as it targets a $32 billion small business funding gap.

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

After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

Omokolade Ajayi Omokolade Ajayi
Kenya's President William Ruto.
Hot NewsBusiness

Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusinessExclusive

GTBank co-founder Fola Adeola’s Aradel stake climbs to $337 million

Fola Adeola’s Aradel stake rises to $337.8 million as strong share rally and oil gains boost investor returns.

Omokolade Ajayi Omokolade Ajayi
Monoprix Tunisia
BusinessHot News

Monoprix Tunisia backed by Czech billionaire Daniel Křetínský posts $266 million revenue in 2025

Monoprix Tunisia, backed by Daniel Křetínský, posts $266.1 million 2025 revenue, up 13.5%, driven by stronger sales and efficiency gains

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia
BusinessHot News

Ethiopia opens $30 million cold storage hub to boost agricultural trade

Ethiopia opens $30 million cold storage hub in Addis Ababa to cut post-harvest losses, boost supply chains and improve agricultural trade efficiency.

Feyisayo Ajayi Feyisayo Ajayi