Tag: Markets

Kenya’s Quick Mart
MarketsBusinessHot News

Kenya’s Quickmart scores $141 million in massive oversubscription for IPO

Quickmart raises KSh15 billion ($115.4 million) in an oversubscribed IPO as investors snap up shares ahead of its Nairobi Securities Exchange debut.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

NNPC plans a 10 percent stake sale as Bayo Ojulari pushes ahead with a landmark IPO and potential international listing.

Omokolade Ajayi Omokolade Ajayi
Nigerian Exchange (NGX)
BusinessHot NewsMarkets

Nigerian stocks outshine South Korean tech as South Africa’s top fund pivots

Allan Gray favors Nigerian equities over Korean tech, tapping a 72 percent rally while warning of micro-cap liquidity traps on the NGX.

Omokolade Ajayi Omokolade Ajayi
Egyptian entrepreneur Mounir Nakhla
FintechEntrepreneursMarkets

Egyptian entrepreneur Mounir Nakhla drives MNT-Halan to Egypt’s biggest IPO since 2021

Mounir Nakhla leads MNT-Halan toward a $150 million IPO on Egypt’s stock exchange, marking the market’s largest listing in dollar terms since 2021.

Omokolade Ajayi Omokolade Ajayi
Ghanaian executive Ebenezer Asante
ExecutivesBusinessHot News

MTN Ghana rally lifts Ghanaian executive Ebenezer Asante’s stake to $4.3 million

MTN Ghana’s 48.1% rally has lifted Ebenezer Asante’s stake to $4.3 million, up $1.22 million since January.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Gideon Muriuki.
EntrepreneursHot NewsMarkets

Kenyan banker Gideon Muriuki’s stake nears $40 million as Co-op Bank shares surge

Co-op Bank CEO Gideon Muriuki has seen his 2.3 percent stake near $40 million as a 54.9 percent stock rally adds millions to his holdings in 2026.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest person Aliko Dangote
MarketsHot News

Aliko Dangote plans New York listing for $49 billion refinery after 2029 expansion

Aliko Dangote plans a New York Stock Exchange listing for his $49 billion refinery after expanding capacity to 1.4 million barrels a day by 2029.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon John Kimani
BusinessHot News

Kenyan tycoon John Kimani buys $1 million Centum shares, lifts stake to 11.5%

Kenyan tycoon John Kimani raised his Centum stake to 11.51 percent after buying 7.19 million shares worth $1.02 million.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

UBA opens subscription channels for the Dangote Refinery IPO, offering eligible investors access to 4.1 billion shares at ₦525 each.

Omokolade Ajayi Omokolade Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

How South Africa’s Gold Fields pulled off a $12.5 billion comeback

Gold Fields staged a $12.5 billion market rebound in six weeks, driven by higher realized gold prices and strong first-half earnings.

Omokolade Ajayi Omokolade Ajayi