ONHYM, Morocco.
BusinessHot News

Morocco turns state energy, mining agency ONHYM into joint-stock company

Morocco ONHYM joint-stock company reform boosts investment, financing flexibility and Africa gas pipeline ambitions.

Timilehin Adejumobi Timilehin Adejumobi
MODEC wins Coral Norte LNG contract in Eni-Led Mozambique project
BusinessGlobal News

MODEC wins Coral Norte LNG contract in Eni-Led Mozambique project

MODEC wins Coral Norte LNG contract in Mozambique, boosting Eni-led offshore gas project toward 2028 production start.

Oluwatosin Alao Oluwatosin Alao
MTN Nigeria partners Digifon
TechnologyBusiness

MTN, Digifon team up to bring smart accessories to more Nigerians

MTN Nigeria partners Digifon to expand access to smart accessories via e-shop, boosting digital lifestyle and device availability.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
Egypt, France-EU deal signing event
BusinessHot News

Egypt lands $340 million France-EU health deal to boost Africa care

Egypt health deal to boost Africa care with a $340M France-EU package supporting insurance, clinics and medical access.

Timilehin Adejumobi Timilehin Adejumobi
Equity
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian gambling magnate Kessington Adebutu
BusinessHot News

Nigerian gambling magnate Kessington Adebutu sees $67 million drop in Wema Bank stake

Wema Bank stake decline shows a $67 million drop in Kessington Adebutu holding amid NGX banking sector pressure.

Timilehin Adejumobi Timilehin Adejumobi
Proparco
BusinessHot News

Proparco injects $22.7 million into South Africa housing expansion

Proparco South Africa housing expansion gains momentum with a $22.7 million investment in Johannesburg housing.

Timilehin Adejumobi Timilehin Adejumobi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
NNPC
BusinessHot News

Nigeria’s NNPC seeks bids for new Cawthorne oil grade launch

NNPC launches Cawthorne Crude, expanding Nigeria's premium oil exports and boosting foreign exchange earnings.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi