Bridget Venner Willy Mertens Otto Shiongo
ExecutivesHot News

Debmarine Namibia CEO Willy Mertens named chairman of Skeleton Basin, 2 other veterans to board

Debmarine Namibia CEO Willy Mertens becomes chairman of Skeleton Basin as three industry veterans join the company’s newly strengthened board.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate KPMG crescent
CompaniesBillionairesLatest

Accelerate Property Fund sells KPMG Crescent to reduce debt for $23.6 million

Accelerate Property Fund agrees to sell KPMG Crescent for $23.6 million, using proceeds to reduce debt and strengthen its balance…

Feyisayo Ajayi Feyisayo Ajayi
ProNutro
MarketsHot News

PepsiCo discontinues South Africa’s 64-year-old ProNutro after backlash

PepsiCo has discontinued South Africa’s 64-year-old ProNutro after consumer backlash over changes to the cereal’s taste, texture and mixability.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius-based conglomerate Alteo Limited.
CompaniesBusinessHot News

Mauritian group Alteo sees 2026 profit surge 28% to $19.1 million on real estate

The earnings expansion prompted the company to raise its full-year dividend payout.

Omokolade Ajayi Omokolade Ajayi
Sayyu Dantata
BillionairesBusinessHot News

Sayyu Dantata, half-brother of Africa’s richest man, risks losing $35M aircraft fleet

The aircraft include a 2011 Beechcraft King Air 350i, serial number FL-750; a 2013 Gulfstream G550, serial number 5455; and…

Omokolade Ajayi Omokolade Ajayi
Anayo Okenwa
ExclusiveStartups

IFC proposes $8.6 million financing for Nigerian mini-grid developer Nayo Tropical Technology

IFC proposes $8.6 million in debt financing for Nayo Tropical Technology to develop 14 solar mini-grids across Nigeria.

Feyisayo Ajayi Feyisayo Ajayi
Devland
BusinessHot News

Gathoo brothers: Silent African millionaires building an FMCG empire through Devland 

Gathoo brothers, Mahomed and Shiraz Gathoo have built Devland into a growing South African FMCG empire spanning wholesale, retail and…

Feyisayo Ajayi Feyisayo Ajayi
Exxaro Eskom coal supply deal
InvestmentsLatest

M&G Investments slashes Exxaro stake by 13 million shares to $186 million

M&G Investments cuts its Exxaro stake by 13.1 million shares to $186.3 million as PIC raises its holding in the…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
BillionairesHot News

Nigerian billionaire Tony Elumelu says Africa cannot build economic growth on aid

He made the case on the sidelines of the United Nations General Assembly during the Darryl G. Behrman Lecture on…

Omokolade Ajayi Omokolade Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusiness

Valterra rewards Durban-born executive Sayurie Naidoo with $1.1 million package in 2025

Her pay rose 62 percent from 11.18 million rand ($681,000) in 2024, reflecting higher incentives after the miner’s separation from…

Omokolade Ajayi Omokolade Ajayi
Habiba Ali
EntrepreneursLatest

Nigerian entrepreneur Habiba Ali’s Sosai targets 76 solar mini-grids with proposed $6 million IFC financing

Habiba Ali’s Sosai targets 76 solar mini-grids in northern Nigeria with proposed $6 million IFC financing to expand electricity access.

Feyisayo Ajayi Feyisayo Ajayi
Raya Holding Ostool deal
DigitalLatest

Raya Holding approves up to $60 million to fund Egyptian data center acquisition

Raya Holding has approved up to $60 million to fund a proposed Egyptian data center acquisition, subject to transaction and…

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam
InvestmentsLatest

Hassan Allam secures $32.1 million EBRD investment for Egypt water projects

Egyptian businessman Hassan Allam’s utilities business secures $32.1 million EBRD investment to expand water and desalination projects in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Most valuable banks on Ghana Stock Exchange
BankingLatest

Ecobank caps 40th anniversary with $2.6 billion commitment to women-led African businesses

Ecobank commits $2.6 billion by 2030 to finance women-led businesses and agriculture-focused SMEs across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Jasper Musadaidzwa
MiningLatest

Kavango Resources narrows H1 loss as revenue rises above $2 million, new CEO takes over

Kavango Resources narrowed its H1 2026 loss as revenue rose to $2.03 million, while new CEO Jasper Musadaidzwa advanced its…

Feyisayo Ajayi Feyisayo Ajayi
ENL Group’s Oficea
InvestmentsLatest

ENL Group’s Oficea raises $71 million ESG bond to fund green property expansion

ENL Group’s Oficea raises $71.4 million sustainability-linked bond to finance green property expansion and upgrade offices across Mauritius.

Feyisayo Ajayi Feyisayo Ajayi
South African property investment company Putprop Limited.
CompaniesBusinessHot News

South Africa’s Putprop hikes dividend despite $6.1 million loss

The result leaves Putprop returning more cash to shareholders despite a sharp accounting loss tied primarily to property valuations.

Omokolade Ajayi Omokolade Ajayi
InvestmentsCompaniesHot News

South Africa’s PIC expands Exxaro stake to 15.15% worth $560 million

South Africa’s PIC has increased its clients’ stake in Exxaro Resources to 15.155%, a holding worth about $560 million.

Omokolade Ajayi Omokolade Ajayi
Fresh cocoa harvest
MarketsBusinessHot News

Ghana turns to local lenders for $1.4 billion cocoa rescue plan

The regulator is turning to local debt markets after its decade-old syndicated loan arrangement with international banks collapsed during the…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
Hot NewsBillionairesCompanies

Aliko Dangote targets $100 billion revenue with $45 billion investment plan

Dangote Cement, the group’s biggest cash generator, is central to the plan, with internally generated cash expected to fund much…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

Aliko Dangote plans to build a $16 billion refinery in Kenya, with 70 percent of the project expected to be financed through debt.

Top ten vacation destinations in Africa
Tourism

Top 10 Vacation Destinations in Africa

A wave of highly anticipated luxury resorts—many long-awaited after pandemic delays—are finally opening, while expanded air routes make previously remote regions more accessible.

New Development Bank
BusinessEnergy

NDB approves $200 million loan for South Africa’s Olifants water project

South Africa secures a $200 million NDB loan to fund Limpopo’s Olifants water project, boosting water security for communities and industry.

Oluwatosin Alao Oluwatosin Alao
Bridget Venner Willy Mertens Otto Shiongo
ExecutivesHot News

Debmarine Namibia CEO Willy Mertens named chairman of Skeleton Basin, 2 other veterans to board

Debmarine Namibia CEO Willy Mertens becomes chairman of Skeleton Basin as three industry veterans join the company’s newly strengthened board.

Feyisayo Ajayi Feyisayo Ajayi
Umphakathi Mall
BusinessLuxury

South Africa’s CPC moves to acquire Umphakathi Mall in Randfontein

CPC plans to acquire Umphakathi Mall in Randfontein, expanding its R9.3 billion community property portfolio across South Africa.

Oluwatosin Alao Oluwatosin Alao
Accelerate KPMG crescent
CompaniesBillionairesLatest

Accelerate Property Fund sells KPMG Crescent to reduce debt for $23.6 million

Accelerate Property Fund agrees to sell KPMG Crescent for $23.6 million, using proceeds to reduce debt and strengthen its balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
ProNutro
MarketsHot News

PepsiCo discontinues South Africa’s 64-year-old ProNutro after backlash

PepsiCo has discontinued South Africa’s 64-year-old ProNutro after consumer backlash over changes to the cereal’s taste, texture and mixability.

Feyisayo Ajayi Feyisayo Ajayi
Afreximbank
BusinessBankingTechnology

Afreximbank backs $29 million push to transform East Africa’s border trade

Afreximbank backs a $29 million digital customs guarantee for East Africa as EAC trade reaches $52.3 billion in the second quarter of 2026.

Oluwatosin Alao Oluwatosin Alao
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