Lithium
Hot NewsBusiness

Zimbabwe eyes lithium battery manufacturing as processing push gains ground

The plan marks the next stage of Zimbabwe's effort to earn more from one of its most valuable mineral resources.

Omokolade Ajayi Omokolade Ajayi
Afreximbank
BusinessHot News

Zimbabwean fuel importer Witeva closes $5.3 million deal via Afreximbank platform

Zimbabwe’s Witeva Trading completes $5.3 million fuel deal via Afreximbank platform, highlighting digital trade ecosystem growth in Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu
Hot NewsBillionairesBusiness

Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Total assets increased to N1.09 trillion ($797 million), up from N1 trillion ($730.6 million) at the end of 2025.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

The latest purchase further increases his holding in the lender, extending his lead as its largest shareholder as the bank…

Omokolade Ajayi Omokolade Ajayi
Kumba CEO, Mpumi-Zikalala
BusinessHot News

Kumba signs 20-year solar power deal to cut costs, emissions at Sishen mine

Kumba signs 20-year solar deal to cut power costs and emissions at Sishen, boosting renewables to about 45% of energy…

Feyisayo Ajayi Feyisayo Ajayi
Patrice Motsepe's ARm
BusinessHot News

Patrice Motsepe’s ARM approves $926 million Bokoni platinum project, restarts Nkomati nickel mine

ARM, African Rainbow Minerals, approves $926 million Bokoni platinum project and restarts Nkomati nickel mine to boost output and strengthen…

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessGlobal NewsHot News

Glencore plans 30,000-ton lead withdrawal from LME warehouses as inventories hit record highs

Glencore plans to withdraw 30,000 tons of lead from LME warehouses as inventories surge and trading dynamics shift globally.

Feyisayo Ajayi Feyisayo Ajayi
Commercial International Bank (CIB)
BusinessHot News

Egypt’s 10 most valuable firms in 2026

Egypt’s top firms gained as market value hit $77 billion, driven by banking strength, industrial growth, and rising investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Angelique Kidjo
EntertainmentGlobal NewsHot News

Grammy-winning Beninese singer Angélique Kidjo to debut at Carthage festival

Grammy-winning Angélique Kidjo will debut at Tunisia’s Carthage Festival, headlining July 23 with songs from her new album HOPE!! and…

Feyisayo Ajayi Feyisayo Ajayi
Cameroon's richest man Baba Ahmadou Danpullo.
BusinessBillionairesHot News

Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner

Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner to manage assets and fund high-growth projects across Central…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

FlySafair says air-traffic constraints limit operations a week after Harith wins approval for takeover

The challenges facing FlySafair reflect wider issues across South Africa's aviation industry.

Omokolade Ajayi Omokolade Ajayi
OPay
TechnologyBusinessHot News

OPay eyes one billion users as technology push drives faster payments

Founded in 2018, OPay operates across Nigeria, Egypt, Indonesia, and Pakistan, offering digital banking services to retail shoppers and small…

Omokolade Ajayi Omokolade Ajayi
Solar panels managed by Sila Atlantik.
BusinessHot News

Morocco, Germany $30 billion subsea cable project snagged by governance row

The venture, known as Sila Atlantik, plans to run twin high-voltage subsea cables across roughly 4,800 kilometers.

Omokolade Ajayi Omokolade Ajayi
Malawian businessman Simbi Phiri
Hot NewsBillionairesBusiness

Meet Simbi Phiri: Malawian tycoon whose firm built a $100 million water plant outside Gaborone

For Phiri, the roots of his entrepreneurial outlook stretch back to his childhood. He often credits his grandfather for shaping…

Omokolade Ajayi Omokolade Ajayi
MCB Microfinance
Business

MCB Group marks 10 years of microfinance, disburses $47 million

MCB Group marks 10 years of microfinance, disbursing $47 million to support over 4,300 entrepreneurs and expand financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Sirius Real Estate
BusinessHot News

Sirius Real Estate acquires German business park for $57 million

Sirius Real Estate buys a German business park for $57 million, securing defense-backed income and high-yield industrial exposure.

Feyisayo Ajayi Feyisayo Ajayi
Shuka Minerals
BusinessHot News

Shuka Minerals raises $1 million in strategic deal with Zambian investor

Shuka Minerals secures $1 million from Zambia’s Menel Energy to strengthen its balance sheet and advance the Kabwe mining project.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghanaian-Cameroonian entrepreneur Celeste Vogel named 2026 Cartier Women’s Initiative Fellow

Céleste Vogel named 2026 Cartier Women’s Initiative Fellow for advancing clean last-mile mobility and expanding economic opportunities across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
BusinessHot News

Nigeria’s dealmaker, Folasope Aiyesimoju loses $30 million as CAP shares plunge 39% on NGX

Folasope Aiyesimoju’s CAP stake drops over $30 million as shares fall 39% on NGX, eroding value after strong earlier gains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Transnet to invest $8 billion in 5-year turnaround plan

Transnet will invest $8 billion over five years to fix rail and ports, cut costs, and restore growth and investor…

Feyisayo Ajayi Feyisayo Ajayi
Coris targets Cabo Verde’s top bank
BusinessHot News

Idrissa Nassa’s Coris secures up to $100 million IFC backing for Cabo Verde bank acquisition

Coris Bank secures $100 million IFC loan to acquire 59.8% of Cabo Verde’s BCA, boosting regional banking expansion.

Enko Capital impact fund
BusinessHot News

Alain Nkontchou’s Enko Capital backs Angola solar projects with $100 million

Enko Capital deploys $100M fund into Angola’s 72.4MW Luneta solar project, boosting renewable energy capacity and private credit use.

Morocco lands first Curtiss-Wright aerospace plant in Africa
BusinessTechnology

Morocco lands first Curtiss-Wright aerospace plant in Africa

Morocco secures Curtiss-Wright’s first Africa aerospace plant, boosting Casablanca’s aviation hub and expanding the country’s aircraft supply chain.

Oluwatosin Alao Oluwatosin Alao
Lithium Mining Site
BusinessHot News

Zimbabwe’s Mutapa Energy lands $300 million China deal for lithium mine

Mutapa Energy China lithium deal secures $300M to expand Zimbabwe's Sandawana mine and boost EV battery mineral processing.

Timilehin Adejumobi Timilehin Adejumobi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Africa profit climbs to $198 million as revenue tops $1.85 billion in first quarter

Airtel Africa posts $198 million profit as quarterly revenue rises above $1.85 billion on strong data and mobile money growth.

Omokolade Ajayi Omokolade Ajayi
Lithium
Hot NewsBusiness

Zimbabwe eyes lithium battery manufacturing as processing push gains ground

Zimbabwe targets domestic lithium battery production to maximize critical mineral revenues, boost industrial jobs, and attract global investment.

Omokolade Ajayi Omokolade Ajayi
Afreximbank
BusinessHot News

Zimbabwean fuel importer Witeva closes $5.3 million deal via Afreximbank platform

Zimbabwe’s Witeva Trading completes $5.3 million fuel deal via Afreximbank platform, highlighting digital trade ecosystem growth in Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu
Hot NewsBillionairesBusiness

Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Transcorp's assets rose to $797 million as retained earnings neared $144 million, strengthening its balance sheet in the first half of 2026.

Omokolade Ajayi Omokolade Ajayi
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