Investments

Ugandan billionaire Sudhir Ruparelia
BusinessHot NewsInvestments

Ugandan billionaire Sudhir Ruparelia buys prime Old Mutual Kampala asset

The asset, historically known as the UAP Insurance Building and located at Plot 1 Kimathi Avenue, changed hands for an…

Omokolade Ajayi Omokolade Ajayi
Uganda Fuel Storage Terminal
EnergyBusinessInvestments

Uganda advances refinery plans with $250 million fuel storage terminal

Uganda’s new fuel storage terminal will expand petroleum reserves and strengthen supply infrastructure ahead of planned domestic refining.

Timilehin Adejumobi Timilehin Adejumobi
Ghanaian tycoon Ibrahim Mahama
BusinessHot NewsInvestments

Ghanaian tycoon Ibrahim Mahama mounts $100 million heavy industry expansion

The company describes the $100 million complex as the only wholly Ghanaian-owned cement manufacturer operating in the country.

Omokolade Ajayi Omokolade Ajayi
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Jannie Mouton, Zeder
BusinessHot NewsInvestmentsLatest

South Africa’s Zeder advances Zaad disposal as key approvals remain outstanding

Zeder has secured competition approval for its Zaad disposal in South Africa, but central bank clearance and other conditions remain outstanding.

Feyisayo Ajayi Feyisayo Ajayi
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Ninety One CEO Hendrik du Toit
BusinessInvestments

Ninety One plans to back infrastructure projects to revive Johannesburg 

Ninety One aims to mobilize private capital to help repair Johannesburg’s infrastructure and restore investor confidence.

Timilehin Adejumobi Timilehin Adejumobi
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Orion Minerals
BusinessHot NewsInvestmentsMining

Orion Minerals’ longtime investor Tembo Capital exits after nearly 10 years

Orion Minerals’ longtime investor Tembo Capital has exited after nearly a decade, as new shareholders back its Prieska copper-zinc mine development.

Feyisayo Ajayi Feyisayo Ajayi
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IFC
BusinessHot NewsInvestmentsLatest

IFC commits $3.2 million to accelerate industrial decarbonization across Africa

IFC launches a $3.2 million project to accelerate industrial decarbonization, targeting Africa’s manufacturing, agribusiness and services sectors.

Feyisayo Ajayi Feyisayo Ajayi
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Shelter Afrique Development Bank Headquarters
BusinessInvestments

ShafDB targets West Africa housing with $100 million bond

ShafDB $100 million bond will finance affordable, sustainable housing across West Africa as the bank taps local-currency capital markets.

Timilehin Adejumobi Timilehin Adejumobi
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Battery Storage
EnergyInvestments

South Africa bets on battery storage and gas power to boost electricity

South Africa battery storage and gas power plans target 9.6 GW to strengthen the grid and support the shift beyond coal.

Timilehin Adejumobi Timilehin Adejumobi
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Pretoria-born Elon Musk
BusinessHot NewsInvestments

Elon Musk eyes $40 billion loan after regaining trillionaire status

Elon Musk is seeking $40 billion in financing for SpaceX to buy Nvidia chips and expand its AI computing capacity.

Omokolade Ajayi Omokolade Ajayi
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Safaricom Ziidi Shari'ah fund launch
BusinessFintechInvestments

Safaricom launches Ziidi Shari’ah Fund, giving Kenyans M-Pesa access

Safaricom and Gulfcap launch the Ziidi Shari’ah Fund, expanding digital investment access for Kenyan M-Pesa customers.

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
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