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Bloemfontein’s largest mall, owned by Michael Georgiou, hit by power cut over $9.25 million debt

Bloemfontein mall faces power cut over $9.25 million debt as court allows Centlec action against Loch Logan Waterfront.

Omokolade Ajayi Omokolade Ajayi
Largest American companies in Africa
BusinessHot News

10 largest American companies in Africa

From energy and tech to consumer goods, the 10 largest U.S. companies driving investment, jobs and infrastructure across Africa today…

Feyisayo Ajayi Feyisayo Ajayi
Didievi Gold Project, Côte d’Ivoire.
BusinessHot News

African Gold sells $9.7 million stake to advance Côte d’Ivoire gold project

African Gold strengthens Côte d’Ivoire gold project funding.

Timilehin Adejumobi Timilehin Adejumobi
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Egypt dims Cairo nightlife as rising fuel costs force early closures
Africa economy

Egypt curbs Cairo nightlife to ease rising energy costs

Egypt is tightening energy use in Cairo, dimming its nightlife as rising fuel costs and regional tensions strain public finances and the power grid. Authorities have ordered earlier business closures and reduced street lighting, a notable shift for a city known for its late-night pace.  The move reflects growing pressure on Africa’s third-largest economy as higher global energy prices push up import costs. Egypt still depends on imported fuel despite domestic production, leaving it exposed when supply is disrupted.  Prime…

Oluwatosin Alao Oluwatosin Alao
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Kenya late former Prime Minister Raila Odinga
Kango Enterprise

Kenya’s Raila family firm, Kango Enterprise bids for $5 million Telposta assets

Kango Enterprise’s bid for Telposta assets underscores robust competition and a broader trend of pension funds restructuring property holdings

Timilehin Adejumobi Timilehin Adejumobi
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Africa electrification Mission 300
Africa electrification Mission 300

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million Africans by 2030.

Feyisayo Ajayi Feyisayo Ajayi
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FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc.
FCMB Capital Markets

FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

FCMB Capital Markets tops FMDQ league, raising $1.1 billion in corporate debt through bonds and commercial papers in 2025.

Editorial Team Editorial Team
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Kevin Ellerine investment portfolio
Blu-Label Telecom stake

Inside South African investor Kevin Ellerine’s $108 million portfolio in telecom, property, stocks

Kevin Ellerine controls a $108 million portfolio spanning telecom, property, and equities, anchored by a $50 million Blu-Label Telecom stake.

Feyisayo Ajayi Feyisayo Ajayi
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South Africa President, Cyril Ramaphosa and some delegates at SAIC 2026
Africa infrastructure boom

South Africa lands $52 billion in pledges to power new investment drive

South Africa draws $52 billion in pledges, fueling jobs and infrastructure growth.

Timilehin Adejumobi Timilehin Adejumobi
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Afreximbank

Dangote Refinery secures $4 billion loan as Afreximbank underwrites $2.5 billion

Dangote Refinery secures $4 billion loan, with Afreximbank underwriting $2.5 billion to boost exports and expansion plans.

Omokolade Ajayi Omokolade Ajayi
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Dalia Elgabry, Vice President and Country Chair, said Egypt’s energy sector grows fast.
EGYPES 2026

Egypt emerges as key energy market as Shell eyes EGYPES 2026

Egypt is steadily becoming a central player in regional energy markets, drawing global attention as the country expands its energy infrastructure and capacity. With rising domestic demand and a strategic location connecting North Africa, the Mediterranean, and the Middle East, the country is increasingly critical for liquefied natural gas (LNG), oil, and renewable energy projects.  Energy companies are taking notice. Ahead of EGYPES 2026, Shell Egypt highlighted the country’s role in linking supply, infrastructure, and demand. Dalia Elgabry, Vice President…

Oluwatosin Alao Oluwatosin Alao
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Close-up of South African Airways aircraft.
African airlines

African airlines seek lifelines: SAA bailout, Uganda $113M, Kenya $2B rescue

SAA gains R1 billion equity while Uganda Airlines and Kenya Airways pursue $113 million and $2 billion funding to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
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