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
Nigerian oil tycoon Abdulrahman Bashar
EntrepreneursHot News

$40 million fuel debt puts Nigerian oil tycoon Abdulrahman Bashar’s assets at risk

In Abuja, enforcement officials pasted a court order on the gate of a property on Panama Crescent in Maitama and…

Omokolade Ajayi Omokolade Ajayi
ARN Foods Limited
BusinessEntrepreneursHot News

Nola Adetola’s ARN Foods acquires multimillion-dollar rice mill to boost food supply in Nigeria

The facility sits on a 20,000-square-metre site and can process as many as 3,000 bags of rice daily, according to…

Omokolade Ajayi Omokolade Ajayi
Savanna Beef
LatestMarkets

Savanna Beef faces disruption after foot-and-mouth disease outbreak in Namibia

Savanna Beef faces disruption after foot-and-mouth disease was detected in Namibia’s FMD-free zone, prompting livestock movement restrictions.

Feyisayo Ajayi Feyisayo Ajayi
MTN, Gates Foundation invest $25 million
Investments

MTN, Gates Foundation invest $25 million in Nigeria maternal health, target 500,000 women

MTN and Gates Foundation commit $25 million to Nigeria maternal health, targeting 500,000 women with AI, mobile technology and connectivity.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
Luxury

Hilton Lusaka Pyramid nears completion as $97 million Asmara-backed project targets 2027 opening

Hilton Lusaka Pyramid is 75% complete, with the $97 million Asmara-backed hotel targeting December 2026 completion and a 2027 opening.

Feyisayo Ajayi Feyisayo Ajayi
Joshua Mbele
EntrepreneursLatestLuxury

How Malawian investor Joshua Mbele’s journey takes a new turn with Mpaladizo resort deal

Joshua Mbele has built a diversified investment portfolio spanning telecommunications, energy, technology, property and hospitality across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Given Mhkari
EntrepreneursLatest

10 businesses linked to Given Mkhari, South African media mogul behind SHILUMANA

Given Mkhari built SHILUMANA from radio into a diversified media group spanning broadcasting, advertising, TV production and communications.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Jeanette Marais
ExclusiveCompaniesExecutives

How South Africa’s Jeanette Marais rose from a family farm to lead a $3B giant

Since taking the top job in August 2023, she has overseen stronger earnings and increased shareholder returns.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
BillionairesHot News

Zimbabwe’s richest man, Strive Masiyiwa, loses $100M as InfraCo shares tumble

The latest decline follows weakness in Econet InfraCo, whose shares have fallen from 33 cents to about 22.79 cents on…

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub
ExecutivesHot News

South African executive Shameel Joosub’s Vodacom stake nears $20M after share awards

Shameel Joosub’s Vodacom stake nears $20 million after his holdings rose by 123,103 shares through executive incentive awards.

Omokolade Ajayi Omokolade Ajayi
Fawry $57.6 million profit
BusinessHot News

Egyptian tech mogul Ashraf Sabry’s Fawry posts $57.6 million profit in 2025

Fawry reports $57.6 million profit in 2025, driven by booming digital payments and banking services under Ashraf Sabry’s leadership.

Jan Fourie, Mulilo CEO
BusinessHot News

South Africa’s Mulilo gets $75 million for renewable energy expansion

South Africa’s Mulilo wins $75 million investment to boost renewable power capacity.

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
Dangote Group
BusinessEnergy

Dangote joins Ethiopia, Djibouti in $660 million oil pipeline

Dangote joins Ethiopia and Djibouti in a $660 million oil pipeline project designed to cut fuel logistics costs and strengthen energy security.

Oluwatosin Alao Oluwatosin Alao
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 gold strategy in Zimbabwe.

Feyisayo Ajayi Feyisayo Ajayi
South Africa races to protect auto exports as EV era reshapes global trade
BusinessTechnology

South Africa races to protect auto exports as EV era reshapes global trade

South Africa is using a 150% EV tax deduction to protect auto exports as manufacturers weigh Asia, costs and future production investment.

Oluwatosin Alao Oluwatosin Alao
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