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Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

The Abuja-based company announced that construction of Pax-2, its second manufacturing facility, is nearing completion.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

The move comes at a time when banks across East Africa are tightening capital buffers to manage higher interest rates…

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across…

Omokolade Ajayi Omokolade Ajayi
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance…

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory…

Feyisayo Ajayi Feyisayo Ajayi
OCI Global 2025 revenue
BusinessHot News

Egyptian billionaire Nassef Sawiris’ OCI posts $1.6 billion revenue in 2025

OCI posts $1.61 billion 2025 revenue, up 24% year over year, driven by strong nitrogen demand and ongoing portfolio restructuring.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank dividend 2025
BusinessHot News

Malawian billionaire Thom Mpinganjira’s FDH Bank pays $6.7 million dividend in 2025

FDH Bank declares $6.7 million dividend for 2025 despite lower payout, backed by strong profit growth and rising income streams.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Officials said the bond will tap climate financing and ease pressure on public finances as global conditions become less predictable.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

The increase reflected higher bonuses, stronger long-term incentive payouts, and a rise in guaranteed pay.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

The IMF estimates Congo’s gross domestic product will reach $123 billion in 2026, edging past Ethiopia’s $122 billion.

Omokolade Ajayi Omokolade Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessHot News

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa’s award aligns her payout with value creation across the Naspers and Prosus portfolio.

Omokolade Ajayi Omokolade Ajayi
DP World Africa logistics expansion
BusinessHot News

Mohammed Akoojee: The executive driving DP World’s Africa logistics expansion

Mohammed Akoojee leads DP World’s Africa expansion, integrating ports, freight and supply chains into a unified logistics network.

Feyisayo Ajayi Feyisayo Ajayi
Fidson dividend 2025
BusinessHot News

Fidson, led by Fidelis Ayebae, to pay $2.7 million dividend after profit surge

Fidson declares $2.7 million dividend after profit surged 125% in 2025, driven by strong demand for ethical drugs.

Feyisayo Ajayi Feyisayo Ajayi
Namibia cancer care
BusinessHot News

Salt Capital, Proparco acquire Namibia’s NOC to expand cancer care access

Salt Capital, Proparco acquire Namibia’s oncology leader NOC, boosting private investment and expanding access to specialized cancer care.

Feyisayo Ajayi Feyisayo Ajayi
Alain Nkontchou dividend
BusinessHot News

Cameroonian banker Alain Nkontchou to pocket $9.6 million as Ecobank resumes dividends

Alain Nkontchou to earn $9.6 million as Ecobank resumes dividends, backed by strong 2025 profit and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa land sale Kenya
BusinessHot News

Merali family’s Sameer Africa moves to close $7.1 million land sale to settle legacy gaps

Sameer Africa advances $7.1 million land sale to unlock value, strengthen balance sheet, and revive dividends.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector

At a Glance Mantengu Mining Ltd, the Johannesburg-listed investment holding company chaired by South African executive Jonas Tshikundamalema, has finalized the acquisition of Blue Ridge Platinum and Sheba’s Ridge from a consortium including Corridor Mining Resources and AfroCentric Investment Corporation for a total of R3 billion ($170.34 million). The deal, first unveiled in 2024, was approved by the boards and…

Moses bridge
BusinessTourism

Egypt, Saudi Arabia to build $4 billion ‘Moses bridge’ across Red sea

The bridge is expected to slash travel time between the two countries to just 30 minutes by car, revolutionizing mobility between Africa and Asia.

Africa-Finance-Corporation
BusinessHot News

AFC secures $100 million India Exim Bank loan for African projects

Africa Finance Corporation lands a $100 million India Exim Bank facility to expand infrastructure, energy and industrial projects across Africa.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
BusinessTourism

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in…

Oluwatosin Alao Oluwatosin Alao
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
Nafasi Water CEO, Suzie Nkambule
BusinessHot News

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water lands $9.5 million backing from Norfund to scale water infrastructure, reuse, and mining rehabilitation projects in Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi
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