Perseus Mining invests $174 million in Tanzania ahead of gold production
BusinessHot News

Perseus Mining invests $174 million in Tanzania ahead of gold production

Perseus Mining invests in Tanzania’s Nyanzaga Gold Project, boosting jobs, taxes, and infrastructure ahead of 2027 output.

Oluwatosin Alao Oluwatosin Alao
TITAN Egypt
BusinessHot News

TITAN Egypt opens $11.4 million export silos at Alexandria cement plant

TITAN Egypt Export Silos strengthen Egyptian cement exports with new capacity targeting the U.S. and global markets.

Timilehin Adejumobi Timilehin Adejumobi
Chad Smart, co-founder of Capitalworks
BusinessHot News

Capitalworks launches $350 million South Africa private equity fund backed by IFC, Standard Bank  

Capitalworks Private Equity Fund IV South Africa launches $350 million fund backed by IFC and Standard Bank for mid-market growth.

Timilehin Adejumobi Timilehin Adejumobi
Adesuwa Okunbo Rhodes Aruwa Capital
BusinessHot News

Adesuwa Rhodes: Nigerian venture capitalist managing over $80 million in assets

Adesuwa Rhodes builds Aruwa Capital into a rising PE firm, managing about $80 million while backing high-growth African businesses.

Feyisayo Ajayi Feyisayo Ajayi
Eurobond
BusinessHot News

Ethiopia reaches preliminary deal to restructure $1 billion Eurobond

Ethiopia Eurobond Restructuring moves forward after a preliminary $1 billion debt deal with major bondholders.

Timilehin Adejumobi Timilehin Adejumobi
Egypt
BusinessHot News

Egypt lists Petroleum Marine Services, 3 others to advance state offerings program

Egypt lists four state firms on EGX, advancing offerings program, boosting transparency, and preparing assets for future public listings.

Feyisayo Ajayi Feyisayo Ajayi
Araxi shareholder sells shares to clear debt
BusinessHot News

Araxi shareholder sells 40 million shares to clear debt, cuts stake to 2.7%

Araxi shareholder CAET sells 40 million shares to repay debt, reducing stake to 2.7% and unlocking future beneficiary value.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

A broad Nigerian stock market sell-off erases $2.6 billion from Aliko Dangote's fortune in less than a month as cement shares tumble.

Omokolade Ajayi Omokolade Ajayi
FlyGabon
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NAHCO lands FlyGabon deal, boosts solar cargo exports

NAHCO expands regional aviation operations with a new FlyGabon contract and handles major solar cell cargo exports from Lagos to the US.

Omokolade Ajayi Omokolade Ajayi
Alan raises $460 million after Kylian Mbappé
TechnologyBusinessHot News

Startup raises $460 million months after Kylian Mbappé’s backing

Alan raises $460 million after Kylian Mbappé's investment, reaching a $6.3 billion valuation as it expands AI-powered healthcare services.

Omokolade Ajayi Omokolade Ajayi
Imarrae secures final approvals for KIN project
BusinessLuxury

Imarrae secures final approvals for KIN project, clearing way for construction

Imarrae secures approvals for KIN New Cairo project, paving way for construction of EGP16bn residential development in Egypt.

Oluwatosin Alao Oluwatosin Alao
Casablanca Port
Hot NewsBusiness

How Morocco cut Casablanca Port delays in half to protect African food imports

Morocco cuts Casablanca Port delays in half, streamlining cereal and livestock feed imports to protect regional food security amid rising trade.

Omokolade Ajayi Omokolade Ajayi