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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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Vivo Energy
Durban fuel storage

Vivo Energy to invest $130 million in Durban to expand South Africa storage

Vivo Energy’s $130 million Durban project expands fuel storage, enhancing South Africa’s resilience against global supply disruptions.

Timilehin Adejumobi Timilehin Adejumobi
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Citi boost South Africa financing
Featured

IFC, Citi seal $98 million deal to boost local currency financing in South Africa

IFC and Citigroup seal $98 million rand facility to expand local currency financing and reduce volatility risks in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
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Russell Crawford Stefanutti Stocks salary
Featured

Russell Crawford pockets $1.9 million as Stefanutti Stocks profit surges 727% in 2025

Russell Crawford earns $1.01 million as Stefanutti Stocks CEO, driven by incentives and strong 2025 profit growth.

Feyisayo Ajayi Feyisayo Ajayi
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Shell logo on a fuel nozzle at a retail station.
ADNOC

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Shell is in talks to sell about 600 South African fuel outlets to UAE's ADNOC in a $1 billion deal, ending a century-long presence.

Omokolade Ajayi Omokolade Ajayi
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Energy

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Africa’s 6,900-km Nigeria-Morocco gas pipeline nears agreement, boosting supply, power growth and exports to Europe.

Omokolade Ajayi Omokolade Ajayi
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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
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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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