Timilehin Adejumobi

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Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco Saudi drug plant begins production in mid-2027 as Egypt's drugmaker expands manufacturing and weighs two African factories.

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Mukawa River Lodge offers complimentary transfers from three airports

Mukawa River Lodge offers free airport transfers from Kasane, Victoria Falls and Livingstone for stays of at least two nights.

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African Bank CFO Anbann Chetti resigns with immediate effect 

African Bank CFO Anbann Chetti resigns with immediate effect as Given Mabena takes over as acting CFO amid a leadership shake-up.

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Africell secures $100 million U.S. loan to expand networks in Africa

Africell’s $99.6 million loan will expand telecom networks in Africa, with Angola at the center of its U.S.-backed investment.

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Kenya approves Diageo’s $2.3 billion EABL stake sale to Asahi

Diageo EABL stake sale gets Kenya approval, clearing Asahi’s $2.3 billion entry into East Africa’s beer market.

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Tharisa raises nearly $300 million for Karo platinum mine in Zimbabwe 

Tharisa raises $294 million to fund construction of its Karo platinum mine in Zimbabwe, with production set for 2027.

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South Africa’s Omnia Holdings weighs potential buyout

Omnia acquisition talks send shares higher as South Africa’s chemicals group weighs a potential buyout by an unnamed entity.

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Angola’s Etu Energias targets 100,000 Bpd oil production in 5 years

Etu Energias 100,000 bpd target could reshape Angola’s oil sector as the company expands assets and considers an international IPO.

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Zimbabwe tourism draws $132 million in investment in first half of 2026

Zimbabwe tourism investment reached $132.3 million in the first half of 2026, up 229% from a year earlier.

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Integrity360 launches its largest security operations center in Cape Town

Integrity360 opens its largest security operations center in Cape Town after investing $3.4 million to expand cyber defense.

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Dangote targets 1,000MW power project in Kenya 

Dangote’s planned 1,000MW power project in Kenya could reshape energy supply for its proposed Lamu refinery.

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Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake tops $250 million

Kessington Adebutu’s Wema Bank stake tops $250 million after a sharp rise in the lender’s share price.

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