IFC Somalia microfinance loan
BusinessHot News

IFC plans $1 million loan for KIMS Microfinance to expand financial inclusion in Somalia

IFC plans a $1 million Sharia-compliant loan to KIMS Microfinance to expand credit access for microenterprises and boost financial inclusion…

Feyisayo Ajayi Feyisayo Ajayi
IFC investment in Lightrock Africa Fund
BusinessHot News

IFC invests $20 million in Lightrock Africa Fund II

IFC considers $20 million investment in Lightrock Africa Fund II to boost high-growth African firms and strengthen regional private equity.

Feyisayo Ajayi Feyisayo Ajayi
Angola trade finance IFC
BusinessHot News

Banco de Fomento Angola gains $30 million IFC trade guarantee

IFC plans $30 million trade finance for Banco de Fomento Angola, boosting cross-border transactions and business access to global markets.

Feyisayo Ajayi Feyisayo Ajayi
Centum Sidian Bank stake sale
BusinessHot News

Centum, linked to Kirubi family, exits Sidian Bank after 25 years with final stake sale

Centum exits Sidian Bank after 25 years, selling its final stake and ending one of Kenya’s longest-running banking investments.

Feyisayo Ajayi Feyisayo Ajayi
Kampala luxury apartments
BillionairesHot NewsLuxury

Inside Sudhir Ruparelia’s Kololo project: Kampala’s new luxury residential landmark

Ugandan tycoon Sudhir Ruparelia develops One Ten Apartments, a 15-storey luxury tower redefining upscale urban living in Kampala.

Feyisayo Ajayi Feyisayo 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…

Omokolade Ajayi Omokolade Ajayi
Zimbabwe dairy processor Dendairy acquisition
BusinessHot News

Mauritius-based Group expands Zimbabwe agribusiness footprint with Dendairy acquisition

ETG subsidiary Vamara acquires Zimbabwe dairy processor Dendairy after regulatory approval, aiming to stabilize production and expand operations.

Feyisayo Ajayi Feyisayo Ajayi
BillionairesBusinessHot News

South African billionaire Patrice Motsepe to receive $27.1 million dividend

The payment, scheduled for Monday, April 13, will see Motsepe receive R455.66 million ($27.1 million) based on his stake in…

Omokolade Ajayi Omokolade Ajayi
MNT-Halan debt program
BusinessHot News

MNT-Halan targets debt program worth over $570 million

Egyptian fintech MNT-Halan plans a $572 million debt program to fund expansion across Egypt, Turkey, Pakistan and the UAE.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s largest insurer, Sanlam, bets on India to drive future growth

Sanlam, Africa's largest insurer, targets India to drive growth, with CFO Abigail Mukhuba projecting it may surpass South Africa in…

Omokolade Ajayi Omokolade Ajayi
Orchidia Pharmaceutical
BusinessHot News

SPE Capital invests in Egypt’s Orchidia to expand ophthalmic drug production

SPE Capital and development finance partners invest in Egypt’s Orchidia Pharmaceutical to expand eye-care drug production and accelerate regional exports.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian billionaire Tony Elumelu backs African entrepreneurs with $100 million over 15 years

Through the Tony Elumelu Foundation (TEF), Elumelu has helped fund more than 24,000 startups across Africa.

Omokolade Ajayi Omokolade Ajayi
world’s most important maritime chokepoints
BusinessHot News

20 world’s most important maritime chokepoints, like the Strait of Hormuz

Twenty strategic maritime chokepoints, from the Strait of Hormuz to Malacca, carry the bulk of global oil, cargo and trade…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s richest man faces $2.2 billion loss amid global unrest

The Bloomberg Billionaires Index now pegs his net worth at $17.2 billion, down from $19.5 billion on Jan. 1.

Omokolade Ajayi Omokolade Ajayi
Fertiglobe 2025 dividend payout
BusinessHot News

Fertiglobe approves $260 million dividend payout for 2025 after strong earnings

Fertiglobe, backed by Abu Dhabi National Oil Company, approves $260 million 2025 dividends, lifting total capital returns to $334 million…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian Breweries partners to launch food-grade rPET facility in Ogun State

The initiative will be developed through Indorama Ventures Recycling Solutions Limited, a special purpose vehicle created to build, own, and…

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 the Sandton Convention Centre and two Sandton hotels after Southern Sun exits the $66 million…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

The meeting comes as Nigeria’s economy shows signs of steady improvement.

Omokolade Ajayi Omokolade Ajayi
Global billionaires investing in Africa
BusinessExclusiveHot News

Top 15 global billionaires investing billions across Africa

Global billionaires including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

KCB Group posts record $530 million profit as Kenyan unit leads earnings growth

The Nairobi-based lender said profit after tax rose to Ksh68.4 billion ($530 million) in 2025, up from Ksh61.8 billion ($478.2…

Omokolade Ajayi Omokolade Ajayi
IFC Somalia microfinance loan
BusinessHot News

IFC plans $1 million loan for KIMS Microfinance to expand financial inclusion in Somalia

IFC plans a $1 million Sharia-compliant loan to KIMS Microfinance to expand…

Feyisayo Ajayi Feyisayo Ajayi
Palantir CEO Alex Karp
BusinessHot News

Palantir CEO Alex Karp buys $46 million Miami Mansion  

Palantir CEO Alex Karp has purchased a $46 million waterfront mansion on…

Timilehin Adejumobi Timilehin Adejumobi
Green Energy Project
BusinessHot News

FSDAi and ACP commit $200 million to boost Africa’s clean energy projects

FSDAi and ACP back Africa’s green energy with $200 million investment

Timilehin Adejumobi Timilehin Adejumobi
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