Tag: Hot News

BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

Trafigura signs $3.3 billion gold deal to buy 700,000 ounces from Ghana’s Bogoso–Prestea mine.

Omokolade Ajayi Omokolade Ajayi
Khalifa Rabiu with $271 million BUA Foods stake, steps into Nigeria’s wealthy ranks.
BusinessExclusiveHot News

Abdul Samad Rabiu’s son, Khalifa, to receive $9.6 million from BUA Foods

Nigerian billionaire Abdul Samad Rabiu’s son, Khalifa Rabiu, to receive N13.2 billion ($9.6 million) from BUA Foods’ record dividend payout.

Omokolade Ajayi Omokolade Ajayi
Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
BusinessHot News

Tanzania’s richest man Mohammed Dewji loses $100 million after two-year surge

Mohammed Dewji loses $100 million as global pressures weigh on MeTL Group valuations, reducing his fortune to $2.1 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Equity Group emerges Kenya’s most valuable brand in global ranking

Equity Group tops Kenya’s most valuable brands as profit rises 54.6 percent and regional growth drives earnings diversification.

Omokolade Ajayi Omokolade Ajayi
Portside Tower
BusinessHot News

Surging oil prices put South Africa’s fragile recovery at risk

Brent above $100 raises inflation and growth risks for South Africa as conflict drives volatile oil markets and higher fuel costs.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Pareto secures full control of Sandton Convention Centre after Southern Sun exits $66 million deal

Pareto secures full ownership of Sandton Convention Centre and two hotels after Southern Sun exits the 66 million deal with Liberty.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian billionaire Tony Elumelu backs President Tinubu on youth, power reforms

Tony Elumelu meets President Tinubu, supporting youth entrepreneurship, power sector reforms, and economic growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Khalifa Rabiu with $271 million BUA Foods stake, steps into Nigeria’s wealthy ranks.
BusinessHot News

Abdul Samad Rabiu’s son, Khalifa, takes leadership role at BUA Foods

Khalifa Rabiu joins BUA Foods as Chief Officer, driving global procurement, supply chain efficiency, and growth for Nigeria’s $10.6 billion company.

Omokolade Ajayi Omokolade Ajayi
FirstRand
BusinessHot News

FirstRand tops Capitec to become Africa’s most valuable bank

With a market cap of $22.9 billion, FirstRand overtakes Capitec as Africa’s most valuable bank, driven by strong earnings and disciplined management.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

Omokolade Ajayi Omokolade Ajayi
Naspers
Hot NewsTechnology

Naspers, Africa’s most valuable company, hits $44.3 billion market cap

The global consumer internet giant has added $4.76 billion in value since the start of the year, driven by renewed investor confidence and key global developments.

Omokolade Ajayi Omokolade Ajayi
Oba Okunade Sijuwade, the 50th Ooni of Ife
BusinessExclusive

Sijuwade royal family of Ife, one of Africa’s wealthiest, eyes first oil from one of its oil blocks

Today, the Sijuwade Group holds a 10 percent stake in OPL 276, an asset that is poised to begin production within the next 12 to 18 months.

Omokolade Ajayi Omokolade Ajayi