Vida e Caffè, a leading South African café franchise and beverage supplier, continues its strong growth trajectory across the African continent. With more than 320 stores spanning seven countries, the brand has become one of the largest and most recognizable coffee chains in South Africa. Founded in October 2001, the company opened its first outlet […]
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Chinese car manufacturers are stepping up efforts to penetrate Africa’s automotive market, focusing on affordable electric and hybrid vehicles as geopolitical tensions and tariffs restrict access to Western markets. Leading brands such as BYD, Chery Auto, and Great Wall Motor are expanding operations in South Africa, which is viewed as a strategic entry point for […]
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Ellah Lakes Plc has announced plans to seek shareholder approval to raise up to N250 billion through various equity issuance methods. The proposal will be tabled at an Extraordinary General Meeting scheduled for July 25, 2025, in Lagos. In a corporate disclosure, the company said the capital could be raised via private placement, public offer, […]
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Airtel Nigeria has secured three major telecommunications licences from the Nigerian Communications Commission (NCC), signaling its readiness to expand infrastructure and compete more aggressively in Nigeria’s fast-growing data market. The licences—awarded to Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa—include the National Long Distance, Internet Service Provider, and Sales & Installation Major licences. According […]
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Rand Merchant Bank (RMB) Nigeria Limited has completed a N16 billion equity capital injection, significantly boosting its core capital ratio for the 2024 financial year. Despite the capital improvement, the bank recorded its first non-performing loan (NPL) in over a decade due to delayed interest payments from a key obligor, resulting in an NPL ratio […]
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The African Brands marked a major milestone on June 20, 2025, as it celebrated a decade of brand excellence and impact with a grand 10th Anniversary Summit at the prestigious Oriental Hotel in Lagos. Since its inception in 2015, The African Brands has carved a leading role in African brand journalism and strategic brand intelligence, […]
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A recent report by Renaissance Capital Africa has revealed that six Nigerian banks collectively hold approximately $3.52 billion in loans under regulatory forbearance. This development follows the Central Bank of Nigeria’s directive urging affected lenders to suspend dividend payments and strengthen their capital bases. Related News: According to the report, titled “Nigerian Banks: Cash is […]
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First HoldCo and FCMB Group have both reiterated their commitment to sustaining dividend payments in 2025, even as they continue to navigate regulatory forbearance measures issued by the Central Bank of Nigeria (CBN). First HoldCo Plans Capital Raise to Exit Forbearance First HoldCo stated it remains focused on exiting the CBN’s regulatory forbearance regime before […]
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Two leading U.S. hotel chains, Hilton and Marriott, have unveiled ambitious plans to expand their presence across Africa, aiming to take advantage of the continent’s fast-growing tourism sector. With a steady increase in both business and leisure travel, Africa continues to attract major international brands. Hilton announced its intention to more than triple its African […]
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Meta reportedly tried to lure top talent from OpenAI with massive financial incentives, including bonuses and salaries that exceeded $100 million, but the effort proved unsuccessful, according to OpenAI CEO Sam Altman. Speaking on the Uncapped with Jack Altman podcast, Altman revealed that Meta — the parent company of Facebook — made offers to numerous OpenAI employees […]
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