Tag: Featured

Kevin Ellerine investment portfolio
BusinessHot NewsTechnology

Inside South African investor Kevin Ellerine’s $108 million portfolio in telecom, property, stocks

Kevin Ellerine controls a $108 million portfolio spanning telecom, property, and equities, anchored by a $50 million Blu-Label Telecom stake.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Dangote Refinery secures $4 billion loan as Afreximbank underwrites $2.5 billion

Dangote Refinery secures $4 billion loan, with Afreximbank underwriting $2.5 billion to boost exports and expansion plans.

Omokolade Ajayi Omokolade Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

African airlines seek lifelines: SAA bailout, Uganda $113M, Kenya $2B rescue

SAA gains R1 billion equity while Uganda Airlines and Kenya Airways pursue $113 million and $2 billion funding to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Stanley Goetsch Dis-Chem resignation
BusinessHot News

Dis-Chem veteran Stanley Goetsch exits after 42 years, offloads $4.8 million stake

Dis-Chem director Stanley Goetsch exits after 42 years, selling $4.8 million in shares ahead of planned retirement.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to get N467 billion from BUA Foods’ record dividend

Abdul Samad Rabiu to get N467 billion from BUA Foods’ record dividend after a year of strong profits and revenue growth.

Omokolade Ajayi Omokolade Ajayi
Oando Angola KON 13 block
BusinessHot News

Nigeria’s Oando secures Angola oil block to grow African operations

Oando secures Angola’s KON 13 block, taking 45% stake as it expands upstream and deepens Africa-focused oil production strategy.

Feyisayo Ajayi Feyisayo Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

Remgro, controlled by Johann Rupert, restructures Mediclinic stake in $950 million asset swap

Remgro and MSC’s IHL unwind Mediclinic joint venture in $950 million asset swap, refocusing ownership across Africa and Switzerland.

Feyisayo Ajayi Feyisayo Ajayi
Aveng board appointments
BusinessHot News

Aveng appoints Naidene Ford-Hoon, Graeme Bevans in board overhaul

Aveng appoints Ford-Hoon, Bevans to board, naming chairman designate as it strengthens governance and positions for long-term growth.

Feyisayo Ajayi Feyisayo Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BusinessHot News

South African-born billionaire Natie Kirsh to sell U.S. business for $29.1 billion

South African-born billionaire Natie Kirsh to sell U.S. grocery chain Jetro to Sysco for $29.1 billion, creating a major food-service group.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

I&M Bank opens first Makueni branch as group assets rise to $5.3 billion, boosting access for local businesses and residents.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate
BusinessHot NewsLuxury

Sirius Real Estate buys Kiel defence-anchored business park for $107 million

Sirius Real Estate buys Kiel business park for $107 million, anchored by defence giant Rheinmetall, boosting income and strategic portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

Sea Harvest delays Ladismith Cheese sale to June 2026

Sea Harvest delays Ladismith Cheese sale to June 2026 as regulatory approvals from South Africa’s Competition Authority remain pending.

Feyisayo Ajayi Feyisayo Ajayi