IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
Ghana International Bank IFC loan
BusinessHot News

Ghana International Bank gets $100 million IFC loan to boost Africa trade flows

Ghana International Bank secures $100 million IFC loan to boost trade finance, expand liquidity and support cross-border commerce across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

The package includes an upsizing of $180 million in term facilities and $150 million in bank guarantees.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

SAA confirmed that Barbara Creecy, acting as the government’s shareholder representative, and the airline’s board accepted Lamola’s resignation.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why Capitec boosted Gerrie Fourie’s pay 59% to nearly $6 million in his final year as CEO

Capitec lifted Gerrie Fourie’s pay 59% to $5.62 million in 2025 after strong profit growth and a decade of rapid…

Feyisayo Ajayi Feyisayo Ajayi
Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

Tinubu, chief executive officer of Oando, said higher energy prices and supply disruptions are drawing renewed attention to African oil…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Top 5 billion-dollar companies on Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric Saudi substations
BusinessHot News

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

From Alexandra to leading a $30 billion lender, Mary Vilakazi’s career reflects a steady rise through some of South Africa’s…

Omokolade Ajayi Omokolade Ajayi
Centum share buyback Kenya
BusinessHot News

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Fani Titi Investec compensation 2025
BusinessHot News

Fani Titi earns $4.51 million as Investec CEO pay drops 36% in 2025

Investec CEO Fani Titi earns $4.51 million in 2025, as compensation drops 35.9% on weaker long-term incentives despite steady leadership.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank fraud losses Nigeria
BusinessHot News

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The disclosure also points to a familiar challenge across Nigeria’s financial system: internal control lapses accounted for the bulk of…

Editorial Team Editorial Team
Fani Titi Investec compensation 2025
BusinessHot News

Investec secures $200 million IFC loan to scale green housing finance in South Africa

Investec secures $200 million IFC loan to expand green housing finance and accelerate low-carbon property development in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

BUA Foods proposed a dividend totaling about N504 billion ($364 million), while BUA Cement recommended N338.6 billion ($248.2 million).

Omokolade Ajayi Omokolade Ajayi
BusinessExclusiveHot News

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

The deal includes $65 million in debt financing to restart the mine’s oxide ore operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Rupert owns 10.18 percent of Richemont and controls about 51 percent of the voting rights, giving him significant influence over…

Omokolade Ajayi Omokolade Ajayi
2030 FIFA World Cup
EntertainmentHot NewsSports

Morocco’s creative sector poised for growth ahead of 2030 FIFA World Cup, $4.6 billion opportunity

Morocco’s creative industries surge ahead of 2030 FIFA World Cup, generating $4.6B revenue and 116,000 jobs.

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

South Africa’s RMH moves to overhaul board as AttBid takeover nears completion

South Africa’s RMH nears full takeover by AttBid, triggering board overhaul and signaling the final step in asset monetization.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank regulatory penalties Nigeria
BusinessHot News

Zenith Bank pays $1.4 million in penalties as Nigeria’s regulatory dragnet tightens

Zenith Bank paid $1.4 million in 2025 fines as CBN scrutiny intensifies, despite improved compliance and lower penalties year-on-year.

Feyisayo Ajayi Feyisayo Ajayi
Sheraton Addis
Hot NewsLuxury

Sheraton Addis: A beacon of luxury in Ethiopia’s capital

Located in the heart of Addis Ababa, Sheraton Addis blends African charm with five-star luxury, offering top-tier comfort, cuisine, and culture.

Africa sports investment
BusinessTechnology

Top 5 African media houses transforming news delivery

From legacy broadcasters to social-first disruptors, the continent’s top media houses are embracing new technologies to stay relevant and competitive in a fast-evolving information economy.

Calisto Radithipa, Kemcore's founder
BusinessHot News

Calisto Radithipa’s Kemcore targets $103 million Africa chemical plants

Kemcore is investing $103 million in Botswana and Angola plants to localize mining chemicals and reduce import dependency in Africa.

Timilehin Adejumobi Timilehin Adejumobi
IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
Ghana International Bank IFC loan
BusinessHot News

Ghana International Bank gets $100 million IFC loan to boost Africa trade flows

Ghana International Bank secures $100 million IFC loan to boost trade finance, expand liquidity and support cross-border commerce across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

Optasia raises over $300 million in refinancing backed by Standard Bank to scale fintech services across Africa and emerging markets.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

During John Lamola's tenure, the airline said it focused on restoring core operations and rebuilding its network.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why Capitec boosted Gerrie Fourie’s pay 59% to nearly $6 million in his final year as CEO

Capitec lifted Gerrie Fourie’s pay 59% to $5.62 million in 2025 after strong profit growth and a decade of rapid digital expansion.

Feyisayo Ajayi Feyisayo Ajayi
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