Business

OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Vodacom
BusinessTechnology

Vodacom commits $5.6 million to accelerate rural network expansion in South Africa

Vodacom invests $5.6 million to expand rural mobile networks in South Africa, boosting digital access, eHealth, and eEducation in 11…

Timilehin Adejumobi Timilehin Adejumobi
Johannesburg, South Africa.
BusinessExclusiveHot News

Top 10 Countries with The Biggest Economies in Africa

These 10 African countries boast GDP figures exceeding $79 billion.

Omokolade Ajayi Omokolade Ajayi
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LEVA Hotels signs $1B Bulawayo hotel deal, boosts Zimbabwe tourism
Bulawayo hotels

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international hotel operators toward emerging African markets, where improving infrastructure and steady travel demand are opening new opportunities. Zimbabwe, known for…

Oluwatosin Alao Oluwatosin Alao
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Outgoing Chief Executive Officer John Lamola
Aviation

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

Omokolade Ajayi Omokolade Ajayi
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Apple names John Ternus CEO, replacing Tim Cook to drive AI growth
Apple

Apple appoints John Ternus CEO as tech giant enters new era

Apple is entering a new phase, handing leadership of the world’s most valuable technology company to a longtime insider as it looks to sharpen its edge in product design and stay competitive in a changing market.  The company said John Ternus will take over as chief executive on Sept. 1, replacing Tim Cook, who is stepping down after 15 years. Cook will remain in the role through the summer to support the transition before becoming executive chairman.  The shift comes…

Oluwatosin Alao Oluwatosin Alao
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Papa Madiaw Ndiaye NEM Insurance stake
Featured

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
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Portside Tower
African business hubs

South Africa’s 10 office hubs powering global business

South Africa’s office hubs from Sandton to Cape Town are becoming ESG-driven corporate powerhouses attracting global firms and investors.

Timilehin Adejumobi Timilehin Adejumobi
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Accor signs deal with MAVEN to launch TRIBE Ain Sokhna at Baymount
Accor

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna, first entry into Egypt

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna at Baymount, marking its first hotel entry into Egypt’s Red Sea coast.

Timilehin Adejumobi Timilehin Adejumobi
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IFC New Hope loan
Featured

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
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Nairobi, Kenya's capital city.
Biodiversity Finance Initiative

Kenya targets $150 billion biodiversity financing in UN-backed plan

Kenya plans to mobilize up to $150 billion in biodiversity financing over a decade under UN-backed BIOFIN alongside a $500 million green bond push.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire businessman Tony Elumelu.
Featured

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

Omokolade Ajayi Omokolade Ajayi
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