Kenya bets $3 billion on electric vehicles
BusinessTechnology

Kenya bets $3 billion on electric vehicles, local manufacturing and jobs

Kenya is investing $3 billion in electric vehicle manufacturing to create jobs, cut fuel imports and build a regional African…

Oluwatosin Alao Oluwatosin Alao
Harmony Gold
MiningExecutivesHot NewsLatest

Harmony Gold CEO, 9 top executives sell $8.7 million in vested shares

Harmony Gold CEO Beyers Nel and nine executives sold $8.7 million in vested shares after deferred awards vested under the…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
MarketsBusinessHot News

Dangote Refinery opens $300 million IPO stake to East Africa

The offer follows regulatory approvals in Kenya and Uganda, allowing eligible investors to participate in the refinery’s share sale.

Omokolade Ajayi Omokolade Ajayi
Coca-Cola
BusinessCompaniesHot News

Coca-Cola unveils $30 million initiative to rescue South Africa’s drying tap systems

The program is part of Coca-Cola’s Africa Water Stewardship Initiative and is designed to attract private capital into public water…

Omokolade Ajayi Omokolade Ajayi
South African executive Val Nichas
ExecutivesBusinessHot News

Val Nichas drives Spur’s five-year turnaround as revenue surges sixfold to $252 million

Nichas paired operational discipline with brand updates, turning around top-line performance across the Cape Town group’s core casual dining stable.

Omokolade Ajayi Omokolade Ajayi
Nigerian mogul Fidelis Ayebae
BusinessCompaniesHot News

Nigerian mogul Fidelis Ayebae’s Fidson wins license to supply antiviral across 129 countries

The agreement gives Fidson a role in expanding access to the medicine across developing markets.

Omokolade Ajayi Omokolade Ajayi
Pretoria-born Elon Musk
BusinessHot NewsInvestments

Elon Musk eyes $40 billion loan after regaining trillionaire status

The discussions come days after Musk regained his position as the world’s only trillionaire.

Omokolade Ajayi Omokolade Ajayi
OCI Global
CompaniesLatest

OCI faces shareholder challenge over NNS cash offer, Orascom deal

OCI Global responds to shareholder concerns over NNS’ cash offer, dividend tax structure and proposed combination with Orascom Construction.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater
CompaniesMining

Sibanye-Stillwater workers ratify new wage deal at Montana PGM operations

Sibanye-Stillwater workers ratify a three-year wage deal at Montana PGM operations, ending strike action and securing annual pay increases.

Feyisayo Ajayi Feyisayo Ajayi
Nneka Onyeali-Ikpe
BankingLatest

Fidelity Bank becomes Nigeria’s latest billion-dollar lender with $1.1-billion market cap

Fidelity Bank has joined Nigeria’s billion-dollar lenders after its market value rose to about $1.12 billion on the Nigerian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Little Ongava
LuxuryTourism

10 private Safari camps transform Namibia’s luxury market

Private safari camps are reshaping Namibia into a low-density, fly-in luxury destination for elite global travelers.

East African Breweries Limited (EABL)
BusinessHot News

Kenya nets $324 million from Diageo’s EABL exit deal

Kenya is set to receive about $324 million in tax revenue from Diageo’s planned exit from East African Breweries Limited.

Harmony Gold
MiningExecutivesHot NewsLatest

Harmony Gold CEO, 9 top executives sell $8.7 million in vested shares

Harmony Gold CEO Beyers Nel and nine executives sold $8.7 million in vested shares after deferred awards vested under the company’s 2018 plan.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
MarketsBusinessHot News

Dangote Refinery opens $300 million IPO stake to East Africa

Dangote Refinery targets $300.4 million from East African investors through nearly 20 percent of its planned $1.6 billion IPO.

Omokolade Ajayi Omokolade Ajayi
Coca-Cola
BusinessCompaniesHot News

Coca-Cola unveils $30 million initiative to rescue South Africa’s drying tap systems

Coca-Cola has launched a $30 million initiative to fix leaking municipal pipes and protect South Africa’s drying water systems.

Omokolade Ajayi Omokolade Ajayi
South African executive Val Nichas
ExecutivesBusinessHot News

Val Nichas drives Spur’s five-year turnaround as revenue surges sixfold to $252 million

Val Nichas drives Spur’s five-year turnaround as revenue surges sixfold to $252 million, powered by network growth and integrated supply chains.

Omokolade Ajayi Omokolade Ajayi
DRC launches nationwide mineral mapping
BusinessHot News

DRC maps untapped mineral wealth in push to attract global investment

DRC launches nationwide mineral mapping to double geological coverage, reduce exploration risks and attract investment into underexplored regions.

Oluwatosin Alao Oluwatosin Alao
Nigerian mogul Fidelis Ayebae
BusinessCompaniesHot News

Nigerian mogul Fidelis Ayebae’s Fidson wins license to supply antiviral across 129 countries

Fidson Healthcare, founded by Fidelis Ayebae, has secured a landmark Roche license to manufacture and supply a key antiviral across 129 countries.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
Naguib Sawiris
InvestmentsBillionairesLatest

Billionaire Naguib Sawiris deepens Egypt gold bet with 5 new blocks as Wa’al nears key study

Billionaire Naguib Sawiris is expanding his Egypt gold portfolio with five new exploration bids as the Wa’al project nears a key study.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
Hemingways Nairobi
HospitalityLifestyleTourism

Hemingways Nairobi becomes first Kenyan hotel to join Leading Hotels of the World

Hemingways Nairobi joins Leading Hotels of the World as Kenya’s first and only member, expanding its global luxury reach.

Timilehin Adejumobi Timilehin Adejumobi
Airlink
BusinessTourismTravels

Airlink launches direct flights from Cape Town to Mauritius

Airlink launches twice-weekly Cape Town-Mauritius flights, creating a direct link between two major tourism and business markets.

Timilehin Adejumobi Timilehin Adejumobi
American media mogul Oprah Winfrey
BusinessLifestyle

Oprah-backed True Food Kitchen files for bankruptcy, closes 12 restaurants

True Food Kitchen bankruptcy closes 12 restaurants as the Oprah-backed chain seeks financing and a buyer.

Timilehin Adejumobi Timilehin Adejumobi