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

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

The program, announced by the country’s mines inspectorate, is being financed through a $100 million arrangement supported by the U.S.…

Omokolade Ajayi Omokolade Ajayi
Sun Pharma Organon acquisition
BusinessHot News

Sun Pharma’s $11.75 billion Organon deal set to reshape Kenyan drug market

Sun Pharma’s $11.75 billion Organon deal reshapes global pharma, with ripple effects for Kenya’s drug access and pricing dynamics.

Feyisayo Ajayi Feyisayo Ajayi
alt="Saki Macozoma mining empire">
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania deep-sea fishing vessel
BusinessHot News

Tanzania launches $7.68 million deep-sea vessel to revive state fishing firm, curb illegal catch losses

Tanzania launches $7.68 million deep-sea vessel to revive TAFICO, curb illegal fishing losses and boost blue economy drive in Dar…

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million…

Feyisayo Ajayi Feyisayo Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

For Tony Elumelu, 2025 was not only about operating performance but also about ownership.

Omokolade Ajayi Omokolade Ajayi
Emira Octodec stake
BusinessHot News

Emira boosts Octodec stake with $2.9 million share purchase, trims voluntary offer

Emira adds $2.9 million to Octodec stake, trims offer size as it nears 35% ownership threshold in South Africa’s property…

Feyisayo Ajayi Feyisayo Ajayi
Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving…

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore dividend
BusinessGlobal NewsHot News

South African billionaire Ivan Glasenberg to pocket $207 million from Glencore dividend payout

Glencore’s $2.24 billion dividend hands Ivan Glasenberg a $207.3 million payout, underscoring strong returns despite mixed earnings.

Feyisayo Ajayi Feyisayo Ajayi
Vertice MedTech investment Africa
Hot NewsTechnology

Private capital backs Vertice MedTech to power 7,000 surgeries monthly across Southern Africa

Private capital backs Vertice MedTech to scale healthcare access, enabling 7,000 surgeries monthly across Southern and Sub-Saharan Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg water infrastructure loan
BusinessHot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BillionairesBusinessHot News

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

His private investment firm, NNS Group, has filed a final notice to complete the closure of its London entity by…

Omokolade Ajayi Omokolade Ajayi
ISA Dataproof stake sale
Hot NewsTechnology

South Africa’s ISA Holdings exits Dataproof stake in $3.7 million deal

ISA Holdings sells 50% Dataproof stake for R62M ($3.7M), unlocking value via buyback as firm sharpens cybersecurity focus and empowerment…

Feyisayo Ajayi Feyisayo Ajayi
Groupe Talys IFC loan
BusinessHot News

Madagascar’s Groupe Talys secures $10.5 million IFC loan to boost housing, retail expansion

IFC extends $10.5 million loan to Madagascar’s Groupe Talys to expand housing, retail and create jobs nationwide. driving jobs growth…

Feyisayo Ajayi Feyisayo Ajayi
LIMALIMO LODGE
LuxuryTourism

10 wellness and spa retreats in the Ethiopian highlands

Wellness travel rises in Ethiopia’s highlands with eco-luxury spas and cultural healing.

Minkama's Chococam acquisition
BusinessHot News

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

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

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

Congo launches $100 million US-backed mining security unit to strengthen oversight of cobalt and copper production sites.

Omokolade Ajayi Omokolade Ajayi
Dangote Tanzania refinery
BusinessHot News

Dangote Refinery expansion to add 95,000 jobs at peak

Dangote says refinery expansion to 1.4m bpd will employ 95,000 skilled workers at peak construction in Nigeria

Timilehin Adejumobi Timilehin Adejumobi
AJE Group
BusinessHot News

AJE Group plans $150 million Egypt investment in Africa push

AJE Group eyes $150 million Egypt expansion, scaling beverage output and strengthening its Africa growth strategy by 2030.

Timilehin Adejumobi Timilehin Adejumobi
Sun Pharma Organon acquisition
BusinessHot News

Sun Pharma’s $11.75 billion Organon deal set to reshape Kenyan drug market

Sun Pharma’s $11.75 billion Organon deal reshapes global pharma, with ripple effects for Kenya’s drug access and pricing dynamics.

Feyisayo Ajayi Feyisayo Ajayi
alt="Saki Macozoma mining empire">
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
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