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Talaat Moustafa
Featured

TMG hits $3.4 billion in market capitalization, becomes Africa’s second-largest listed REIT

TMG adds $300 million in value as profit jumps 42%, driven by record sales, SouthMED growth and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
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Ezz Steel Algeria expansion
Ezz Steel Algeria expansion

Egypt’s Ezz Steel eyes $780 million Algeria expansion to boost regional footprint

Ezz Steel plans a $780 million Algeria expansion, boosting exports, capacity growth, and North Africa’s industrial footprint.

Feyisayo Ajayi Feyisayo Ajayi
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Niyi Toluwalope, MD/CEO of eTranzact
digital payment Nigeria

Meet Niyi Toluwalope: Nigerian executive leading $140 million payments firm eTranzact

Niyi Toluwalope leads eTranzact, a $140 million Nigerian fintech firm expanding digital payments across Africa through infrastructure and public sector partnerships.

Timilehin Adejumobi Timilehin Adejumobi
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EBRD backs $65 million Egypt solar, storage project at Benban Solar Park
Benban Solar Park

EBRD lends $65 million to HAU Energy for solar and storage project in Egypt

The European Bank for Reconstruction and Development is expanding its support for Egypt’s clean energy push with a $65 million loan to finance a new solar and battery storage project.  The funding targets a key gap in Egypt’s power system as demand rises and the country leans more on renewable energy. Officials say combining solar generation with storage will help keep electricity supply steady, even when sunlight is limited.  The investment comes as Egypt works to cut its reliance on…

Oluwatosin Alao Oluwatosin Alao
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Wema Bank insider loan
Featured

Wema Bank reports N105 million insider loan linked to gaming tycoon Kessington Adebutu

Wema Bank discloses N105.84 million ($78,647) insider loan tied to Kessington Adebutu, highlighting related-party exposure and strong 2025 financial growth.

Feyisayo Ajayi Feyisayo Ajayi
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Uber, Lucid, PIF invest $750 million to scale robotaxis and EV tech
EV market

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly directed toward vehicles built for fleets rather than individual ownership. Companies are focusing on lowering operating costs and improving efficiency…

Oluwatosin Alao Oluwatosin Alao
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Lobito Refinery
Africa oil and gas

Angola’s Sonangol says Botswana has not sought stake in $6.6 billion Lobito refinery deal

Sonangol says Botswana has not formally sought a stake in the $6.6bn Lobito refinery as Angola works to close the funding gap.

Timilehin Adejumobi Timilehin Adejumobi
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AFC Côte d’Ivoire’s first project finance
Africa Finance Corporation (AFC)

AFC disburses $50.6 million in Côte d’Ivoire’s first project finance green bond

Africa Finance Corporation disburses $50.6 million under Côte d’Ivoire’s first project finance green bond to fund a 66MW solar plant in Korhogo.

Timilehin Adejumobi Timilehin Adejumobi
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Bambanani restructuring losses

Africa Bitcoin Corporation restructures Bambanani amid rising losses

Africa Bitcoin Corporation is restructuring Bambanani Family Group amid widening losses, closing Melville and pivoting to digital food sales.

Feyisayo Ajayi Feyisayo Ajayi
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