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
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

The Abuja-based company announced that construction of Pax-2, its second manufacturing facility, is nearing completion.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

The move comes at a time when banks across East Africa are tightening capital buffers to manage higher interest rates…

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across…

Omokolade Ajayi Omokolade Ajayi
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance…

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory…

Feyisayo Ajayi Feyisayo Ajayi
OCI Global 2025 revenue
BusinessHot News

Egyptian billionaire Nassef Sawiris’ OCI posts $1.6 billion revenue in 2025

OCI posts $1.61 billion 2025 revenue, up 24% year over year, driven by strong nitrogen demand and ongoing portfolio restructuring.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank dividend 2025
BusinessHot News

Malawian billionaire Thom Mpinganjira’s FDH Bank pays $6.7 million dividend in 2025

FDH Bank declares $6.7 million dividend for 2025 despite lower payout, backed by strong profit growth and rising income streams.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Officials said the bond will tap climate financing and ease pressure on public finances as global conditions become less predictable.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

The increase reflected higher bonuses, stronger long-term incentive payouts, and a rise in guaranteed pay.

Omokolade Ajayi Omokolade Ajayi
Caledonia Mining Bilboes gold mine
BusinessHot News

How Caledonia Mining plans to Spend $132 million on Zimbabwe’s largest gold mine

Caledonia Mining plans a $132 million investment to develop Bilboes, positioning it as Zimbabwe’s largest gold mine by late 2028.

Hot NewsTechnology

Top 5 Tech developments poised to transform Africa in 2025

Groundbreaking technologies are reshaping industries, driving economic growth and investment in 2025

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 supply chains.

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

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

Kenya plans to mobilize up to $150 billion in biodiversity financing over a decade under UN-backed BIOFIN alongside a $500 million green bond push.

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

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

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 Morocco.

Feyisayo Ajayi Feyisayo Ajayi
Anne Muraya, CEO of Deloitte East Africa
BusinessExclusive

Meet Anne Muraya: First female CEO to lead Deloitte East Africa

Anne Muraya becomes the first female CEO of Deloitte East Africa, overseeing operations across markets and shaping the firm’s regional strategy.

Timilehin Adejumobi Timilehin Adejumobi
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

Ex-teacher Mike Teke leads Seriti Resources and billion-dollar Masimong Group shaping South Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
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