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Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
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Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
freight logistics

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in Livingstone, said the 121-year-old structure no longer meets the demands of modern freight transport. He noted that the bridge was…

Oluwatosin Alao Oluwatosin Alao
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Absa Kenya vehicle import financing
Absa Kenya vehicle import financing

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi
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Sidian Bank
Bank

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
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Nafasi Water CEO, Suzie Nkambule
Africa water crisis

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water lands $9.5 million backing from Norfund to scale water infrastructure, reuse, and mining rehabilitation projects in Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi
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Dangote refinery fuel price increase
Aliko Dangote

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi
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Madaar launches $290 million Hillage in Sheikh Zayed as luxury demand rises
Egypt real estate

Madaar launches $290 million Hillage project in Sheikh Zayed, Egypt

Madaar Developments is expanding its presence in Egypt’s real estate market with a $290 million residential project in Sheikh Zayed City, highlighting steady demand for upscale housing in West Cairo.  The launch of The Hillage comes at a time when developers are racing to secure limited land in one of Greater Cairo’s most in-demand areas. Improved roads and infrastructure have made the district more accessible, helping support property prices.  As available land tightens, large-scale projects are increasingly seen as long-term…

Oluwatosin Alao Oluwatosin Alao
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Tazi family Sothema stake
Featured

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
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INNNSCOR CEO, Julian Schonken
African CEOs

Meet Julian Schonken: CEO of Zimbabwe’s $900 million food giant, Innscor Africa

Julian Schonken leads Innscor Africa, expanding Zimbabwe’s $900 million food group through investment, production growth and steady market demand.

Timilehin Adejumobi Timilehin Adejumobi
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