Airtel Africa Foundation $6.2 million investment
BusinessHot News

Airtel Africa Foundation invests $6.2 million in education, digital inclusion across Africa

Airtel Africa Foundation invests $6.2 million to expand education, digital access, and skills development across underserved African communities.

Feyisayo Ajayi Feyisayo Ajayi
Ufundi SACCO Co-op Plaza sale
BusinessHot News

Kenya’s 54-year-old Ufundi SACCO lists Co-op Plaza for sale over $2 million loan

Ufundi SACCO lists Nairobi’s Co-op Plaza for sale to settle a $2 million loan after a court-backed ownership ruling.

Feyisayo Ajayi Feyisayo Ajayi
KCB BANK
BusinessHot News

KCB expands climate finance, screens $4.5 billion in transactions

KCB screens $4.54 billion transactions, expands green lending, surpasses sustainability targets across East Africa markets.

Feyisayo Ajayi Feyisayo Ajayi
Alkan Egypt auto plant investment
BusinessHot News

Egypt’s Alkan Holding to invest $120 million in auto plant, targeting Kia and BAIC assembly

Egypt’s Alkan Holding plans $120 million auto plant to assemble Kia and BAIC vehicles, boosting local manufacturing and export capacity…

Feyisayo Ajayi Feyisayo Ajayi
EmTech Africa tech fund
BusinessHot News

Moroccan Venture Capital EmTech launches $60 million Africa tech fund with Proparco backing

EmTech Capital launches $60 million Africa tech fund, with Proparco backing early-stage startups across Francophone markets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

From Pretoria to $1 trillion: Elon Musk becomes world’s first trillionaire

On Friday, shares of SpaceX gained roughly 20 percent to close at $161.11 a piece, a move that values the…

Omokolade Ajayi Omokolade Ajayi
Moroccan property technology company Agenz.
TechnologyBusinessHot News

Moroccan proptech Agenz raises $5 million to scale AI property tech

The latest funding will be used to expand its team, deepen product development, and strengthen its technology stack as it…

Omokolade Ajayi Omokolade Ajayi
David Langat SEZ project
BusinessHot News

Kenyan tycoon David Langat’s SEZ industrial park reveals tax advantages

Kenyan tycoon David Langat’s industrial park highlights SEZ tax incentives amid slow progress and fiscal policy debate in Kenya review…

Feyisayo Ajayi Feyisayo Ajayi
TLG Capital 2026 Investment Plan
BusinessHot News

Inside TLG Capital’s 2026 investment plan for Africa’s SME market

TLG Capital targets a $200 million raise in 2026 to expand private credit for African SMEs as investor demand rises…

Feyisayo Ajayi Feyisayo Ajayi
Uganda Airlines Boeing Dreamliner aircraft.
Hot NewsBusinessGlobal News

Uganda Airlines bets nearly $1 billion on 10 Boeing jets to expand global reach

The deal, signed June 10, includes eight passenger jets and two cargo aircraft.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Nancy Njau, the CEO of Family Bank.
Hot NewsBusiness

Kenyan banker Nancy Njau takes Family Bank to Nairobi bourse with $1.8 billiin assets

The listing will allow existing shareholders to buy and sell shares on the exchange without the bank issuing new shares…

Omokolade Ajayi Omokolade Ajayi
Egyptian wheat supply linked to import diversification strategy.
Hot NewsBusiness

Egypt buys record amount of wheat from farmers after reforms

Government data shows officials have already bought 4.6 million tons of wheat since the harvest began in mid-April.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings decline
BusinessHot News

Africa’s leading farm Crookes Brothers warns of steep full-year earnings decline after weather-hit first half

Crookes Brothers warns of steep full-year earnings decline after weather-hit first half, citing crop damage, weak prices and volatility outlook

Feyisayo Ajayi Feyisayo Ajayi
Simba Corporation Imperial Bank withdrawals
Hot NewsBusiness

Adil Popat draws attention after Simba withdrew $5.6 million before Imperial Bank collapse

Simba Corporation withdrew $5.6 million from Imperial Bank days before its 2015 collapse, leaving over 50,000 depositors stranded.

Feyisayo Ajayi Feyisayo Ajayi
Africa library transformation
BusinessHot News

20 biggest libraries in Africa

Africa’s largest libraries are transforming into digital knowledge hubs driving education, research, and cultural preservation across the continent.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ethiopia’s Allied Chemicals to get $17 million from IFC to build fertilizer plant

IFC plans up to $17 million financing for Allied Chemicals to build Ethiopia’s first private fertilizer plant, boosting supply and…

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

Elon Musk’s SpaceX beats Saudi Aramco in landmark IPO, raising $75 billion

The sale more than doubles the previous record set by Saudi Aramco.

Omokolade Ajayi Omokolade Ajayi
Standard Bank, Africa's biggest lender by assets.
Hot NewsBusiness

Standard Bank eyes lead advisory role in Dangote refinery IPO, expansion plans

The South African financial institution also indicated it is ready to finance the Nigerian conglomerate’s future expansion across the continent.

Omokolade Ajayi Omokolade Ajayi
Nampak Zimbabwe expansion
BusinessHot News

Nampak invests $1.3 million in Zimbabwe capacity 9 months after deal collapse

Nampak invests $1.3 million in Zimbabwe expansion and replacement projects, boosting capacity after a collapsed exit deal.

Feyisayo Ajayi Feyisayo Ajayi
Visawnathan Shankar investment move
BusinessHot News

India-born financier Viswanathan Shankar sells $21 million Dangote Cement shares after rally

India-born financier Viswanathan Shankar sold $21.23 million in Dangote Cement shares amid strong price gains and profit-taking on NGX disclosure

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

Dar es Salaam Stock Exchange stocks
BusinessHot News

CRDB Bank now Tanzania’s most valuable firm with over $1.8 billion valuation in 2026

CRDB Bank tops Dar es Salaam Stock Exchange with $1.83 billion valuation, outpacing NMB and KCB on investor confidence surge.

Airtel Africa Foundation $6.2 million investment
BusinessHot News

Airtel Africa Foundation invests $6.2 million in education, digital inclusion across Africa

Airtel Africa Foundation invests $6.2 million to expand education, digital access, and skills development across underserved African communities.

Feyisayo Ajayi Feyisayo Ajayi
kenya Airways
BusinessHot News

Kenya Airways plans $1.5 billion capital injection for expansion

Kenya Airways capital injection plan targets $1.5 billion to expand its fleet, boost routes and strengthen Africa aviation growth.

Timilehin Adejumobi Timilehin Adejumobi
Ufundi SACCO Co-op Plaza sale
BusinessHot News

Kenya’s 54-year-old Ufundi SACCO lists Co-op Plaza for sale over $2 million loan

Ufundi SACCO lists Nairobi’s Co-op Plaza for sale to settle a $2 million loan after a court-backed ownership ruling.

Feyisayo Ajayi Feyisayo Ajayi
Samsung launches innovation program with Durban University of Technology
TechnologyBusiness

Samsung launches innovation program with Durban University of Technology

Samsung partners DUT to launch Innovation Campus, training youth in AI, coding and digital skills to close SA’s skills gap.

Oluwatosin Alao Oluwatosin Alao
ADQ tightens grip on Egypt's Alexandria Containers through AD Ports
BusinessGlobal News

ADQ tightens grip on Egypt’s Alexandria Containers through AD Ports

ADQ and AD Ports move to increase control of Egypt's Alexandria Containers as profits and cargo volumes rise.

Oluwatosin Alao Oluwatosin Alao
KCB BANK
BusinessHot News

KCB expands climate finance, screens $4.5 billion in transactions

KCB screens $4.54 billion transactions, expands green lending, surpasses sustainability targets across East Africa markets.

Feyisayo Ajayi Feyisayo Ajayi
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