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
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

The pricing implies the valuation, placing the refinery just below South Africa’s Naspers, which boasts a market capitalization of $40.7…

Omokolade Ajayi Omokolade Ajayi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining gets $9.94 million funding to advance Makhado coal project

MC Mining secures $9.94 million funding to accelerate South Africa’s Makhado coal project toward production readiness and infrastructure buildout.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

The Johannesburg-based company is separating these units to fulfill a 2023 agreement with Mastercard.

Omokolade Ajayi Omokolade Ajayi
Proparco Rawbank SME financing
BusinessHot News

Proparco grants Rawbank $50 million loan to expand SME financing in DR Congo

Proparco grants Rawbank $50 million loan under IFC-led $265 million package to expand SME lending, boost private sector growth and support jobs in DR Congo.

Zanzibar tourism growth 2025
TourismHot News

Why Zanzibar tourism is surging in 2025 with 743,000 visitors

Zanzibar sets a new tourism record in 2025 as international arrivals surpass 743,000, driven by stronger air access and rising long-haul demand.

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 by 2027.

Feyisayo Ajayi Feyisayo Ajayi
Bluechip Technologies acquires Nigerian AI startup YarnGPT
TechnologyBusiness

African tech firm Bluechip Technologies acquires AI startup YarnGPT

Bluechip Technologies acquires Nigerian AI startup YarnGPT, strengthening Africa's push for locally built AI solutions.

Oluwatosin Alao Oluwatosin Alao
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
Morocco's phosphate boom
BusinessGlobal News

Morocco’s phosphate boom helps shield economy from global slowdown

Morocco's phosphate sector helps offset rising energy costs as OCP expands production amid a global slowdown.

Oluwatosin Alao Oluwatosin Alao
Zimbabwe's biggest gold producer eyes massive expansion from $4.61 billion
BusinessGlobal News

Zimbabwe’s biggest gold producer eyes massive expansion from $4.61 billion

Zimbabwe’s top gold producer plans expansion after $4.61bn exports, targeting higher output and new mining projects

Oluwatosin Alao Oluwatosin Alao
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Uber eyes Delivery Hero takeover as Prosus gains time to defend stake

As Prosus wins more time for its Delivery Hero stake sale, Uber is pursuing a full takeover of the German food delivery firm to expand its global market.

Omokolade Ajayi Omokolade Ajayi
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