Tag: Hot News

Nigerian tycoon Kola Karim
BillionairesBusinessExclusiveHot News

Kola Karim: The Nigerian tycoon who recently won a $1 billion Algeria gas contract

Kola Karim expands Shoreline into North Africa, securing a landmark $1 billion gas contract in Algeria via Arkad.

Omokolade Ajayi Omokolade Ajayi
South African banker Ben Kruger.
Hot NewsBusiness

Former Standard Bank CEO Ben Kruger’s stake tops $4 million as shares climb

Former Standard Bank CEO Ben Kruger’s stake in Africa’s largest lender climbs past $4 million as JSE shares rise 11.67 percent this year.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
Hot NewsBusiness

MUA posts higher first-quarter profit as Mauritius offsets Kenya, Uganda weakness

MUA Limited grows Q1 profit to $2.4 million, using local gains to counter challenging retail insurance environments in East Africa.

Omokolade Ajayi Omokolade Ajayi
Aradel general counsel Titilola Omisore
Hot NewsBusiness

Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

Aradel Holdings General Counsel Titilola Omisore divests 5 million shares for $4.7 million as the energy firm's stock drops 37 percent.

Omokolade Ajayi Omokolade Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR highlights retail’s role in tackling South Africa’s youth unemployment

SPAR Group shows how South African retail drives youth employment, skills development, and small business growth.

Omokolade Ajayi Omokolade Ajayi
Internet and 5G drive subscriber growth.
TechnologyBusinessHot News

Morocco’s telecom revenue rises as faster internet, 5G drive subscriber growth

Morocco's telecom market grew in early 2026 as 5G, fiber, and rising mobile data use offset declines in calls and text messaging.

Omokolade Ajayi Omokolade Ajayi
Egyptian fintech startup, Blnk
TechnologyBusinessHot News

Egyptian fintech startup, Blnk, raises $37 million to scale AI-driven consumer lending

Blnk raises $37 million in equity and debt to expand point-of-sale consumer credit and drive financial inclusion.

Omokolade Ajayi Omokolade Ajayi
South African asset manager Ninety One profit.
Hot NewsBusiness

Profits jump at Ninety One as managed assets eclipse $230 billion

Ninety One operating profit rises 12 percent as a landmark Sanlam transaction boosts total assets under management to $230.8 billion.

Omokolade Ajayi Omokolade 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
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR Group posts weaker-than-expected first-half earnings on margin pressure

SPAR Group posts weaker-than-expected first-half earnings as margin pressure, impairments and promotions weigh on results in Southern Africa.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
ExclusiveBusinessHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Tony Elumelu urges equal partnerships, jobs, electricity, and infrastructure to unlock Africa’s youth potential at Africa Forward Summit.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Aliko Dangote’s $20 billion refinery lifts petrol prices 82 percent in 2026, reshaping Nigeria’s fuel supply as costs climb.

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