Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving…

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore dividend
BusinessGlobal NewsHot News

South African billionaire Ivan Glasenberg to pocket $207 million from Glencore dividend payout

Glencore’s $2.24 billion dividend hands Ivan Glasenberg a $207.3 million payout, underscoring strong returns despite mixed earnings.

Feyisayo Ajayi Feyisayo Ajayi
Vertice MedTech investment Africa
Hot NewsTechnology

Private capital backs Vertice MedTech to power 7,000 surgeries monthly across Southern Africa

Private capital backs Vertice MedTech to scale healthcare access, enabling 7,000 surgeries monthly across Southern and Sub-Saharan Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg water infrastructure loan
BusinessHot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BillionairesBusinessHot News

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

His private investment firm, NNS Group, has filed a final notice to complete the closure of its London entity by…

Omokolade Ajayi Omokolade Ajayi
ISA Dataproof stake sale
Hot NewsTechnology

South Africa’s ISA Holdings exits Dataproof stake in $3.7 million deal

ISA Holdings sells 50% Dataproof stake for R62M ($3.7M), unlocking value via buyback as firm sharpens cybersecurity focus and empowerment…

Feyisayo Ajayi Feyisayo Ajayi
Groupe Talys IFC loan
BusinessHot News

Madagascar’s Groupe Talys secures $10.5 million IFC loan to boost housing, retail expansion

IFC extends $10.5 million loan to Madagascar’s Groupe Talys to expand housing, retail and create jobs nationwide. driving jobs growth…

Feyisayo Ajayi Feyisayo Ajayi
President Bola Tinubu approves 30% debt relief for Nigerian airlines and orders urgent talks to address rising jet fuel prices and ease pressure on domestic carriers.
BusinessHot News

Nigeria’s President Tinubu moves to ease airline crisis with 30% debt cut, fuel price talks

The decision, announced by Aviation Minister Festus Keyamo, comes as airlines across the country face rising expenses that operators say…

Omokolade Ajayi Omokolade Ajayi
Transcorp Hotels Q1 2026 results
Hot NewsLuxury

Transcorp Hotels Q1 2026 revenue nears $20 million as profit, margins rise

Transcorp Hotels posts $16.6 million revenue in Q1 2026 as revenue rises, margins expand on strong cost discipline.

Feyisayo Ajayi Feyisayo Ajayi
Trustco NamRA Helios disputes
BusinessHot News

Namibia’s Trustco says NamRA and Helios cases remain unresolved

Trustco says NamRA, Helios disputes remain unresolved, with both cases still moving through courts and regulatory processes.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Africa investments 2025
BusinessHot News

Africa anchors $1.1 billion of Proparco’s $2.9 billion deals in 2025

Proparco commits $2.9 billion globally in 2025, with $1.1 billion to Africa, reinforcing focus on private sector growth and climate…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $130 million profit in Q1 2026

The company’s revenue rose to N354.98 billion ($262.63 million) in Q1 2026, up from N290.82 billion ($215.1 million) a year…

Omokolade Ajayi Omokolade Ajayi
Zenith Bank
BusinessHot News

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

The rally is linked to a sharp rise in its share price on the NGX, which climbed 116 percent from…

Omokolade Ajayi Omokolade Ajayi
Dangote Tanzania refinery
BusinessHot News

Kenya, Uganda in talks with Africa’s richest man, Aliko Dangote over East African refinery project

Kenya, Uganda in talks with Aliko Dangote to build Tanzania refinery, targeting regional crude processing and reducing fuel imports.

Feyisayo Ajayi Feyisayo Ajayi
Patrick Schegg Tanzania investment
BusinessHot News

Swiss-Tanzanian investor Patrick Schegg builds quiet $106 million portfolio on DSE

Swiss-Tanzanian investor Patrick Schegg builds $106 million stake across CRDB and NMB banks on the Dar es Salaam Stock Exchange…

Feyisayo Ajayi Feyisayo Ajayi
Central Bank of West African States
BusinessHot News

How 8 West Africa’s economies run on one Central Bank

Eight West African states share one central bank, using the CFA franc to deliver stability and regional integration across WAMU.

Jordan Wine Estate Stellenbosch
Hot NewsLuxury

Jordan Wine Estate Stellenbosch: Where fine living meets South African wine country

Jordan Wine Estate blends fine living, family heritage, and handcrafted wines in Stellenbosch’s serene, vineyard-covered hills.

Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving efficiency.

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
Alain Nkontchou, Co-founder Enko Capital
BusinessHot News

Alain Nkontchou’s Enko Capital acquires Servair fast-food unit, Burger King

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including Burger King franchise, expanding into West Africa’s QSR market.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
Senegal Yakaar-Teranga gas project
BusinessHot News

Senegal secures major gas field following Kosmos Energy exit

Senegal assumes full control of the Yakaar-Teranga gas project after Kosmos Energy exit, signaling a stronger state role in energy.

Timilehin Adejumobi Timilehin Adejumobi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports in Ethiopia. now

Feyisayo Ajayi Feyisayo Ajayi
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