Business

Aboubakri Diaw, ECA chief of staff, calls Africa’s current health funding model “damaging.”
BusinessGlobal News

ECA launches plan to boost sustainable funding for Africa’s health systems

ECA unveils plan to close Africa’s $60 billion health funding gap, boost local financing, and cut out-of-pocket medical costs.

Oluwatosin Alao Oluwatosin Alao
Elsewedy Electric Hungary power plant loan
BusinessHot News

Elsewedy Electric lands $68.6 million loan for Hungary power project

Elsewedy Electric secured a $68.6 million CIB loan to fund Hungary’s hydrogen-ready power plant expansion in landmark $827.3 million energy…

Feyisayo Ajayi Feyisayo Ajayi
Bidvest Bank
BusinessHot News

Bidvest relaunches Bidvest Bank sale after Access deal fails

Bidvest returns Bidvest Bank to the market after its $171.7 million sale to Access Bank failed over regulatory approvals

Timilehin Adejumobi Timilehin Adejumobi
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Featured

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

Odinga family shifts 35% Be Energy stake offshore to BVI entity, signaling ownership restructuring and regional investment strategy shift.

Feyisayo Ajayi Feyisayo Ajayi
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Mobica plans $20 million Egypt auto investment as local rules reshape supply chains
Automotive manufacturing Africa

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

Egypt’s effort to build a stronger domestic auto industry is moving beyond policy statements as new private investment begins to flow into local supply chains. The government has been working to reduce reliance on imported vehicle parts while encouraging manufacturers to produce more components inside the country.  The shift is becoming more visible as companies start to adjust their long-term plans. Rather than focusing only on final assembly, firms are increasingly looking at parts production, materials, and supplier networks. Officials…

Oluwatosin Alao Oluwatosin Alao
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IFC Nitron fertilizer trade finance
Featured

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

IFC weighs $30 million backing for Nitron trade facility to boost fertilizer supply chains, food security, and agricultural resilience.

Feyisayo Ajayi Feyisayo Ajayi
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MTN Nigeria tests 25Gbps link with Huawei Nigeria to boost 5G
5G Nigeria

MTN Nigeria rolls out first 25Gbps microwave link in sub-Saharan Africa

MTN Nigeria has taken a step forward in its network upgrade plans after testing what it says is the first commercial 25Gbps full-duplex microwave link in sub-Saharan Africa, working with Huawei Nigeria. The trial, carried out on the E-band (80 GHz) spectrum, points to how operators are seeking faster, more efficient ways to support 5G services in Nigeria.  The move comes as demand for reliable, high-speed internet continues to rise in Africa’s largest telecom market. More users are streaming video,…

Oluwatosin Alao Oluwatosin Alao
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Margaret Nienaber salary
Featured

Standard Bank COO Margaret Nienaber earns $4.4 million salary in 2025

Margaret Nienaber earns $4.4 million in 2025 as Standard Bank rewards strong performance and sustained growth across African markets.

Feyisayo Ajayi Feyisayo Ajayi
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VivaJets airline
aviation financing

VivaJets secures $15 million from TLG Capital to expand West Africa aviation network

VivaJets secures $15m from TLG Capital to expand West Africa aviation, launching Abidjan hub and boosting regional charter services.

Timilehin Adejumobi Timilehin Adejumobi
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Kenya's Moi family wealth
Featured

How Moi family built institutional wealth strategy across Kenya’s economy

Moi family pivots from land wealth to institutional influence, reshaping Kenya’s economic power structure.

Feyisayo Ajayi Feyisayo Ajayi
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Botswana signs Oman energy, mining deals to cut diamond reliance
Africa economy

Botswana, Oman strike energy, mining deals to boost Africa ties

Botswana is stepping up efforts to reduce its reliance on diamonds, signing new agreements with Oman that span energy, mining and infrastructure. The deals come as the Southern African country faces softer global demand for diamonds, a sector that has long supported public finances and economic growth.  For years, diamonds have accounted for about a third of Botswana’s economy. But falling prices and growing competition from lab-grown stones have begun to weigh on revenues, prompting officials to look for new…

Oluwatosin Alao Oluwatosin Alao
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12th German-South African Bi National Commission
Climate finance

Germany backs South Africa with $235 million climate loan, minerals deal

Germany backs South Africa with a $235 million climate loan, boosting renewables and critical minerals amid U.S. tensions.

Timilehin Adejumobi Timilehin Adejumobi
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