IFC TBC Leasing $40 million loan
Global NewsHot News

IFC targets Georgia leasing sector with $40 million MSME loan after 20 years

IFC eyes $40 million loan to TBC Leasing, targeting MSME growth and rural financing gaps in Georgia’s evolving leasing sector.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius Commercial Bank $400 million bond
BusinessHot News

MCB raises $400 million bond as investor demand hits $800 million

Mauritius Commercial Bank raises $400 million bond, attracting $800 million orders to fund Africa expansion and sustainable finance growth.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

The rise reflects both a sharp rally in the group’s shares and a broader shift in investor sentiment toward one…

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju's stake
BusinessHot News

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, tops $90 million on UACN share rally

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, tops $90M as UAC shares rally, boosting holdings amid strong NGX performance and dividends.

Feyisayo Ajayi Feyisayo Ajayi
Minkama's Chococam acquisition
BusinessHot News

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

Feyisayo Ajayi Feyisayo Ajayi
Capitec dividend 2026
BillionairesBusinessHot News

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank
BusinessHot News

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

The bank attributed the increase to higher lending activity, stronger fee income, and continued uptake of digital services.

Omokolade Ajayi Omokolade Ajayi
Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its…

Feyisayo Ajayi Feyisayo Ajayi
Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Abubakar will report to Dangote and oversee the group’s ports and trade-enabling infrastructure projects.

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

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

The findings come at a sensitive time for the national carrier. Lamola is set to step down at the end…

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye NEM Insurance stake
BusinessExclusive

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
IFC New Hope loan
BillionairesBusinessHot News

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food…

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
BusinessHot News

Kenya targets $150 billion biodiversity financing in UN-backed plan

The effort is anchored on a United Nations-backed initiative known as the Biodiversity Finance Initiative (BIOFIN).

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

His holding has climbed to N1.26 trillion ($934 million), strengthening his wealth and underscoring the expanding role of local capital…

Omokolade Ajayi Omokolade Ajayi
Morocco SME financing IFC Tamwilcom
BusinessHot News

IFC partners Tamwilcom on $300 million facility to unlock SME financing in Morocco

IFC and Tamwilcom launch $300 million risk-sharing facility to boost SME financing, targeting women-led firms, agriculture and supply chains in…

Feyisayo Ajayi Feyisayo Ajayi
Mike Teke, chairman of Seriti Resources Holdings and Masimong Group, leading South Africa’s energy and investment sector.
BillionairesBusinessExclusive

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

His role at Seriti, combined with his leadership of the billion-dollar Masimong Group, places him among the key figures shaping…

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings
BusinessHot News

Crookes Brothers appoints Thomas Attree as audit chair following Farzanah Mall’s passing

Crookes Brothers appoints Thomas Attree as audit chair, strengthening governance after board losses and leadership gaps in March 2026. continuity

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock gains.

Oil mogul Gabriel Ogbechie’s Rainoil receives 45,000MT tanker to boost logistics
BusinessHot News

Oil mogul Gabriel Ogbechie’s Rainoil receives 45,000MT tanker to boost logistics

Rainoil boosts logistics with 45,000MT tanker MT Princess Oge, reinforcing energy security and fuel supply across Nigeria’s downstream sector.

Mauritius Commercial Bank $400 million bond
BusinessHot News

MCB raises $400 million bond as investor demand hits $800 million

Mauritius Commercial Bank raises $400 million bond, attracting $800 million orders to fund Africa expansion and sustainable finance growth.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

Femi Otedola’s 18.12 percent stake in First HoldCo nears $500 million as shares rally, lifting confidence in First Bank’s parent company.

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju's stake
BusinessHot News

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, tops $90 million on UACN share rally

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, tops $90M as UAC shares rally, boosting holdings amid strong NGX performance and dividends.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwe backs JR Goddard Victoria Falls tourism, commercial project
BusinessLuxury

JR Goddard plans commercial hub near Victoria Falls tourism hotspot

Zimbabwe is stepping up efforts to position Victoria Falls as a higher-value tourism and investment destination, as authorities seek to attract private capital into infrastructure and real estate projects linked to one of Southern Africa’s most visited landmarks. The plan reflects a broader push to connect tourism growth with commercial development in designated economic zones.  The government has approved a…

Oluwatosin Alao Oluwatosin Alao
Fidelity-Bank-CEO-NNEKA-ONYEALI-IKPE
BusinessExclusive

Meet Nneka Onyeali-Ikpe: Nigerian banker leading $800-million lender, Fidelity Bank

Nneka Onyeali-Ikpe leads Fidelity Bank as CEO, driving $800 million lender growth, UK expansion, SME finance, and digital banking transformation.

Timilehin Adejumobi Timilehin Adejumobi
Minkama's Chococam acquisition
BusinessHot News

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

Feyisayo Ajayi Feyisayo Ajayi
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