Timilehin Adejumobi

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Malawi’s richest man Hitesh Anadkat.
BusinessBillionaires

Malawian billionaire Hitesh Anadkat loses over $500 million as FMBcapital shares fall 

Hitesh Anadkat loses $500 million as FMB Capital shares fall, cutting the value of his stake amid a wider Malawi market selloff.

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Jumia
BusinessHot News

Hassanein Hiridjee’s AXIAN, IFC back Jumia with $50 million equity deal

Jumia’s $50 million equity deal with AXIAN and IFC gives the African e-commerce company fresh capital to improve efficiency and growth.

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AFC-listing-on-LSE
BusinessHot News

AFC raises $432 million digital bond, sets record in Swiss market

AFC digital bond raises $432 million in Switzerland, marking a record digital securities deal and expanding funding for African infrastructure.

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South African data center
BusinessHot News

South Africa’s Eskom targets data centers for new power customers     

Eskom is courting major technology companies as improved power supply leaves the utility searching for new electricity customers.

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South African billionaire Patrice Motsepe.
BusinessHot News

Tanzania court strikes Pula Group’s $195 million claim against Motsepe-linked firms  

Tanzania court removes Pula Group’s $195 million claim from the roll while leaving the alleged misuse of confidential information unresolved.

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Storms River Mouth Rest Camp, Garden Route NP
TourismHot News

Garden Route National Park nears full recovery after May storms  

Garden Route National Park recovery nears completion after May storms caused $3 million in damage.

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La Residence
LuxuryTourism

La Residence: Inside South Africa’s lavish Franschhoek retreat

La Residence Franschhoek is a lavish South African retreat blending wine, fine dining, privacy and luxury in the Cape Winelands.

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Fekola gold mine, B2Gold
BusinessHot News

B2Gold secures Mali permit to expand Fekola Gold production     

B2Gold’s Mali permit clears the way for Fekola Regional to expand gold production and extend the mine complex into the 2030s.

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Textile Complex
BusinessHot News

China’s Jasan Group breaks ground on $117 million textile complex in Egypt

Jasan Group Egypt textile complex begins construction of a $117 million factory in Egypt’s Qantara West Industrial Zone.

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Deloitte
BusinessHot News

Deloitte Africa, Refuel partner to help businesses claim diesel rebates 

Deloitte Africa and Refuel partner to help businesses improve diesel rebates, tax compliance and SARS refund claims.

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Jubilee Metals Group
BusinessHot News

Jubilee Metals plans $18 million sale of Zambia copper tailings

Jubilee Metals Zambia copper asset sale could fetch a premium, with proceeds earmarked for Molefe mine expansion.

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Fortuna Mining Senegal gold project
BusinessHot News

Fortuna Mining acquires Senegal gold project for $200 million

Fortuna Mining expands its Senegal gold footprint with a $200 million Bambadji acquisition next to Diamba Sud.

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