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Madinet Masr 2025 financial results
African real estate developers

Madinet Masr reports $223 million revenue, as profits nears $70 million in 2025

Madinet Masr reports $236 million revenue and $73 million profit in 2025 as strong demand for Taj City and Sarai drives sales growth and accelerates project deliveries.

Feyisayo Ajayi Feyisayo Ajayi
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Featured

South African businessman Robert Gumede’s Vision Group seeks solution to Tongaat Hulett’s financial crisis

Robert Gumede’s Vision Group pursues a solution to rescue Tongaat Hulett, aiming to preserve its financial and social value.

Omokolade Ajayi Omokolade Ajayi
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Mauritania’s first gas-fired power plant tied to Banda and Tevet gas fields
365MW Power project financing

Beltone backs financing for Mauritania’s first gas-fired power project   

Beltone Holding is helping finance Mauritania’s first gas-fired power project.

Timilehin Adejumobi Timilehin Adejumobi
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Aicha Evans

Senegalese-American executive Aicha Evans’ Zoox taps Uber to offer robotaxi rides in Las Vegas and LA

Aicha Evans’ Zoox partners with Uber to launch driverless robotaxis in Las Vegas this summer and Los Angeles in 2027.

Omokolade Ajayi Omokolade Ajayi
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Optasia Finergi acquisition
Featured

Optasia acquires Finergi for $30 million to expand Africa’s prepaid electricity credit

Optasia acquires Finergi for $30 million, expanding Africa’s prepaid electricity credit platform to serve unbanked consumers.

Feyisayo Ajayi Feyisayo Ajayi
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MTN Group 2025 revenue growth
Africa telecom industry

Zimbabwean executive Ralph Mupita leads MTN to $13.5 billion revenue in 2025

MTN posts $13.5 billion revenue in 2025 as Nigeria and Ghana drive growth, while fintech expansion and rising subscribers strengthen Africa’s telecom giant.

Feyisayo Ajayi Feyisayo Ajayi
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Cameroon tourism development programme
Africa tourism sector

Cameroon launches $18 million tourism programme to boost visitor arrivals

Cameroon launches an $18 million tourism programme to upgrade infrastructure, promote domestic travel and attract more international visitors.

Feyisayo Ajayi Feyisayo Ajayi
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Algeria

Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

Omokolade Ajayi Omokolade Ajayi
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Ken Sharpe’s WestProp woos South African retailers for $100 million Mall of Zimbabwe

WestProp courts South African retailers for its $100 million Mall of Zimbabwe, a flagship project set to reshape Harare’s retail landscape.

Omokolade Ajayi Omokolade Ajayi
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