Edita $9.3 million loan Egypt
BusinessHot News

IFC weighs $25 million financing for Edita’s Iraq expansion

IFC considers $25 million financing for Edita’s Iraq expansion, backing capacity growth, upgrades, and regional ambitions beyond Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Senegal’s first offshore oil project.
Hot NewsBusiness

Senegal’s Sangomar oil field pumps nearly 18 million barrels in first half as expansion plans advance

The project produced 3.1 million barrels in January, 2.8 million in February, 3.1 million in March, 2.9 million in April,…

Omokolade Ajayi Omokolade Ajayi
Hassan Allam
BusinessHot News

Hassan Allam Utilities gets $30 million funding for Egypt’s Minya solar project

Hassan Allam Utilities secures $30 million EAAIF loan for Egypt’s Minya solar and battery project, boosting renewable capacity and grid…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Group Chairpersons
BusinessHot News

Standard Bank Group: 10 chairpersons driving growth across Africa

Standard Bank’s chairpersons anchor governance, risk oversight, and growth across 20 African markets, strengthening trust and long-term performance.

Feyisayo Ajayi Feyisayo Ajayi
ADvTECH
BusinessHot News

PIC lifts ADvTECH stake to $319 million as valuation nears $1.6 billion

PIC raises its ADvTECH stake to $319 million as the education giant nears a $1.6 billion valuation on strong earnings…

Feyisayo Ajayi Feyisayo Ajayi
South African banker Ben Kruger.
Hot NewsBusiness

Former Standard Bank CEO Ben Kruger’s stake tops $4 million as shares climb

The gain further strengthens his standing among South Africa’s wealthy individual investors on the Johannesburg Stock Exchange (JSE).

Omokolade Ajayi Omokolade Ajayi
Aradel refinery chief Temitayo Ogunbanjo.
Hot NewsBusiness

Aradel refinery chief Temitayo Ogunbanjo sells $3.3 million stake as shares slide 37%

Based on the disclosed price, the shares were worth about N4.53 billion ($3.3 million).

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
Hot NewsBusiness

MUA posts higher first-quarter profit as Mauritius offsets Kenya, Uganda weakness

Profit after tax for the three months ended March 31, 2026, rose to MUR112.3 million ($2.4 million).

Omokolade Ajayi Omokolade Ajayi
Professor Deji Olanrewaju
Hot NewsBusiness

Zedvance names former CIBN president Deji Olanrewaju board chairman as lending push gathers pace

The appointment comes as Zedvance prepares for its next phase of growth, with the company seeking to expand its lending…

Omokolade Ajayi Omokolade Ajayi
10 oldest publicly listed company
BusinessHot News

10 oldest publicly listed companies in South Africa

South Africa’s oldest listed firms trace over a century of resilience, evolving from gold mining roots into diversified global businesses.

Feyisayo Ajayi Feyisayo Ajayi
IFC Marquardt Tunisia loan
BusinessHot News

IFC weighs $59 million loan for Marquardt Tunisia automotive manufacturing expansion

IFC considers $59 million loan to expand Marquardt’s Tunisia operations, boosting advanced manufacturing and supply chain growth.

Feyisayo Ajayi Feyisayo Ajayi
Coca-Cola HBC
BusinessHot News

Coca-Cola HBC launches Cairo tech hub to boost digital outsourcing growth

Coca-Cola HBC launches Cairo tech hub to support 27 markets, boosting Egypt’s rise as a digital outsourcing and export services…

Feyisayo Ajayi Feyisayo Ajayi
Aminata Kane Ndiaye Orange Money
Hot NewsBusiness

Aminata Kane: Senegalese executive driving Orange’s fintech expansion across Africa

Aminata Kane Ndiaye leads Orange Money’s fintech expansion, scaling digital finance to 40 million users across Africa and the Middle…

Feyisayo Ajayi Feyisayo Ajayi
TourismHot News

Cape Verde’s $40 million signal: A tourism boom that’s both fuel and fragility

Cape Verde’s FDI rises 9.4% to $39.8 million, with nearly 90% flowing into tourism, highlighting growth momentum and economic concentration…

Feyisayo Ajayi Feyisayo Ajayi
MTN Group
BusinessHot News

MTN Group: 10 chairpersons driving growth across Africa

MTN group’s 10 chairpersons anchor governance across Africa, steering regulation, fintech expansion, and long-term growth in key markets.

Feyisayo Ajayi Feyisayo Ajayi
Patrick Bitature
BusinessHot News

Patrick Bitature’s Simba Group: Inside Uganda’s multi-sector business empire

Patrick Bitature built Simba Group into a telecom, energy, and real estate powerhouse, shaping Uganda’s private sector growth.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global privatization
BusinessHot News

OCI Global backs $992 million Nassef Sawiris’ NNS bid to go private

OCI Global backs Nassef Sawiris’ $992 million NNS bid to go private, as board weighs merger with Orascom Construction.

Feyisayo Ajayi Feyisayo Ajayi
Marwa Abbas
BusinessHot News

Raya Holdings names Egyptian executive Marwa Abbas as CEO of Raya Information Technology

Raya Holdings appoints IBM veteran Marwa Abbas as CEO of its IT arm to drive regional growth and digital transformation…

Feyisayo Ajayi Feyisayo Ajayi
Aradel general counsel Titilola Omisore
Hot NewsBusiness

Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

The shares were sold through the Nigerian Exchange in Lagos, with the disclosure made by Aradel's Compliance and Company Secretariat.

Omokolade Ajayi Omokolade Ajayi
Gauteng-born CEO Mpumi Madisa.
Hot NewsBusiness

Gauteng-born CEO Mpumi Madisa hits $3-million milestone with Bidvest shares

The increase follows a steady rise in Bidvest’s share price and adds her to the ranks of South African business…

Omokolade Ajayi Omokolade Ajayi
Constance Lemuria cover
LuxuryHot NewsTourism

Constance Lemuria: Nature-centric luxury in Seychelles

Cradled by white-sand beaches and tropical forest, Constance Lemuria on Praslin Island blends eco-luxury with serene living and seasonal island elegance.

Valero-KAD deal signing event
BusinessHot News

Valero Developments taps KAD to improve project delivery performance

Egypt’s Valero Developments signs KAD to enhance lifecycle management and boost real estate project efficiency.

South Africa's Edgars plans 50 new stores in major comeback
BusinessLuxury

South Africa’s Edgars plans 50 new stores in major comeback

South African retail giant Edgars plans 50 new stores after a major turnaround, marking a comeback for the 97-year-old fashion and beauty brand.

Oluwatosin Alao Oluwatosin Alao
Edita $9.3 million loan Egypt
BusinessHot News

IFC weighs $25 million financing for Edita’s Iraq expansion

IFC considers $25 million financing for Edita’s Iraq expansion, backing capacity growth, upgrades, and regional ambitions beyond Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Richard Okello, co-founder of Sango Capital
BusinessHot News

Sango Capital takes over management of $460 million African fund portfolios  

Sango Capital takes charge of $460 million African fund portfolios, expanding its role in private equity and investment management.

Timilehin Adejumobi Timilehin Adejumobi
Senegal’s first offshore oil project.
Hot NewsBusiness

Senegal’s Sangomar oil field pumps nearly 18 million barrels in first half as expansion plans advance

Senegal’s Sangomar field delivered nearly 18 million barrels in the first half of the year as Woodside Energy plans to expand production.

Omokolade Ajayi Omokolade Ajayi
Eni awards TechnipFMC major contract for Ivory Coast offshore expansion
BusinessHot News

Eni awards TechnipFMC major contract for Ivory Coast offshore expansion

Eni awarded Altera Infrastructure a major FPSO contract to expand Ivory Coast's $4 billion Baleine oil field, boosting offshore oil and gas production.

Oluwatosin Alao Oluwatosin Alao
Nigerian billionaire Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu retires as UBA chairman, capping a 21-year run that built a $24.5 billion banking giant

Tony Elumelu retires as UBA Chairman after a 21-year tenure, building a banking giant with $24.5 billion in assets. Emmanuel Nnorom takes over.

Omokolade Ajayi Omokolade Ajayi
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