Proparco backs Wema Bank MSME loans
BusinessHot News

Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian MSME financing and economic growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and…

Omokolade Ajayi Omokolade Ajayi
Coris targets Cabo Verde’s top bank
BusinessHot News

Idrissa Nassa’s Coris secures up to $100 million IFC backing for Cabo Verde bank acquisition

Coris Bank secures $100 million IFC loan to acquire 59.8% of Cabo Verde’s BCA, boosting regional banking expansion.

Feyisayo Ajayi Feyisayo Ajayi
Ackerman family empire
BusinessHot News

Top 5 companies powering the Ackerman family empire

Inside the Ackerman empire: Pick n Pay, Boxer and other retail assets shaping South Africa’s consumer economy.

Feyisayo Ajayi Feyisayo Ajayi
Globacom celebrates 22 years of expanding digital access in West Africa
Hot NewsTechnology

Globacom scales network, boosts broadband access nationwide

Globacom expands nationwide network, boosting mobile data speed, reliability, and broadband access for millions of users.

Omokolade Ajayi Omokolade Ajayi
EAPC board reshuffle after takeover
BusinessHot News

EAPC reshapes board after Kalahari Cement takeover

EAPC appoints two directors after Kalahari Cement’s 29.2% takeover, signaling a governance shift and turnaround push.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania richest investors
BusinessHot News

20 richest people in Tanzania

Tanzania’s billionaires power growth as DSE market cap hits $13.07 billion amid investment surge.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Anglo American takes $2.3 billion De Beers hit as restructuring deepens

Anglo American books $2.3 billion De Beers writedown as restructuring deepens, with a shift toward copper and iron ore.

Omokolade Ajayi Omokolade Ajayi
Senzo Tsabedze Afrirent Busmark acquisition
BusinessHot News

South Africa’s Tsabedze family strengthens Afrirent with CFO hire, Busmark deal

Senzo Tsabedze strengthens Afrirent with a new CFO and Busmark acquisition to deepen transport manufacturing footprint.

Feyisayo Ajayi Feyisayo Ajayi
Sustainable logistics in Egypt
Hot NewsTechnology

Sustainable logistics in Egypt: Edita’s fleet goes electric with Shift EV

Edita partners with Shift EV to deploy electric trucks, cutting diesel costs and advancing sustainable logistics in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
PIC Sibanye-Stillwater dividend
BusinessHot News

PIC, Africa’s largest asset manager, set for $46 million Sibanye-Stillwater dividend

PIC eyes $46 million Sibanye dividend after miner declares $213 million payout on earnings rebound and strong metal prices.

Feyisayo Ajayi Feyisayo Ajayi
Northam credit boost renewable energy
BusinessHot News

Northam raises $124 million credit line amid renewable energy push

Northam Platinum raises credit line by $124 million to boost renewable energy projects, cut emissions, and secure long-term power supply.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

UAE’s Mubadala Energy acquires 15% stake in Egypt’s Nargis offshore field

Mubadala Energy buys 15 percent of Egypt’s Nargis offshore field, strengthening its gas presence in the Eastern Mediterranean.

Omokolade Ajayi Omokolade Ajayi
Sibanye-Stillwater revenue H1 2026
BusinessHot News

Sibanye-Stillwater H1 2026 revenue hits $7.3 billion

Sibanye-Stillwater posts $7.3 billion H1 2026 revenue, driven by higher metal prices, operational gains, and strategic growth projects.

Feyisayo Ajayi Feyisayo Ajayi
City Lodge Hotels earnings
Hot NewsLuxury

City Lodge Hotels reports robust H1 2026 performance, with revenue above $70 million

City Lodge Hotels posts strong H1 2026 results, with 33% adjusted earnings growth and rising occupancy boosting revenue.

Feyisayo Ajayi Feyisayo Ajayi
Cell C exit drives interim earnings plunge
BusinessHot News

Blu Label swings to loss after $371.6 million Cell C disposal

Blu Label swings to interim loss after Cell C exit, despite resilient core earnings and steady underlying operations.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Bloemfontein’s largest mall, owned by Michael Georgiou, hit by power cut over $9.25 million debt

Bloemfontein mall faces power cut over $9.25 million debt as court allows Centlec action against Loch Logan Waterfront.

Omokolade Ajayi Omokolade Ajayi
Al Mada stake gains $270 million
BusinessHot News

Moroccan Royal-backed Al Mada sees $270 million gain from Attijariwafa Bank shares

Al Mada’s 46.54% stake gained $270 million in 2026 as its holdings rose to $8.24 billion amid steady market growth.

Feyisayo Ajayi Feyisayo Ajayi
Gold Fields $3.57 billion profit
BusinessHot News

Gold Fields reports $3.57 billion profit, announces $1.7 billion shareholder payout

Gold Fields posts $3.57 billion profit, boosts payouts to $1.7 billion as gold output and cash flow surge in 2025.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

IHS weighs $685 million Latam tower sale after $6.2 billion bid from MTN Group

IHS Holding plans $685 million sale of Latin America assets as MTN Africa moves to acquire the company’s core African…

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s park fee increase targets better visitor experience
BusinessTourism

Zimbabwe park fee hike signals tourism upgrade

Zimbabwe is raising park entry fees at some of its most visited…

Oluwatosin Alao Oluwatosin Alao
Proparco backs Wema Bank MSME loans
BusinessHot News

Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian…

Feyisayo Ajayi Feyisayo Ajayi
ERBD boosts West Africa agriculture with $153 million
BusinessTechnology

EBRD commits $153 million to West African agriculture

The European Bank for Reconstruction and Development is stepping up its support…

Oluwatosin Alao Oluwatosin Alao
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