Mashale Phumaphi
BusinessHot News

Meet Mashale Phumaphi: Botswana investment banker behind Shumba Energy’s rise

Mashale Phumaphi built Shumba Energy from a coal venture into a diversified power business and now leads Botswana’s renewable-energy push in Africa.

Feyisayo Ajayi Feyisayo Ajayi
Linda Quaynor
BusinessHot News

Linda Quaynor takes charge as UBA Ghana’s first female board chair

Linda Quaynor becomes UBA Ghana’s first female board chair after more than 25 years in consulting and financial services.

Omokolade Ajayi Omokolade Ajayi
Prosus
Business

Koos Bekker-led Prosus investors challenge share structure and executive pay   

Prosus investors challenge voting rights and executive pay as shareholders question the company’s dual-class share structure.

Timilehin Adejumobi Timilehin Adejumobi
Egypt bioetanol Project
BusinessHot News

Egypt eyes $278 million bioethanol project with Italian firms

Egypt bioethanol project targets a $278 million plant using sugarcane bagasse to produce second-generation fuel for export markets.

Timilehin Adejumobi Timilehin Adejumobi
Olam Agri local pasta production in Ghana
BusinessHot News

Olam Agri expands renewable energy operations across Ghana plants

Olam Agri expands solar power across Ghana plants, cutting emissions and supporting flour and pasta production with cleaner, more reliable energy.

Oluwatosin Alao Oluwatosin Alao
Africa gold production
Hot News

AngloGold Ashanti invests $20 million to restore full gold-processing capacity in Brazil

AngloGold Ashanti invests $20.4 million to restore full gold-processing capacity in Brazil, boosting domestic processing and operational control.

Feyisayo Ajayi Feyisayo Ajayi
Citibank
BusinessHot News

Citibank to close Kenya’s Mombasa branch after three decades

Citibank Kenya Mombasa branch closure takes effect Nov. 30 as Citi shifts corporate banking operations to Nairobi and digital platforms.

Timilehin Adejumobi Timilehin Adejumobi
Abey Kgotle
BusinessHot News

Toyota South Africa Motors appoints former Mercedes-Benz executive Abey Kgotle

Toyota South Africa Motors appoints former Mercedes-Benz executive Abey Kgotle as vice president of corporate affairs.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN considers banking licences to take on lenders across Africa

MTN Group plans to secure full banking licences across Africa to accept deposits, lend directly, and rival traditional commercial lenders.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessBillionairesHot News

Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

Aliko Dangote’s refinery drives a 767% jump in Nigerian fuel shipments to Europe as the company plans a $17 billion expansion in Kenya.

Omokolade Ajayi Omokolade Ajayi
Sadek El-Sewedy dividend
BusinessHot News

Egyptian businessman Sadek El-Sewedy’s stake in Elsewedy Electric nears $1.4 billion

Egyptian businessman Sadek El-Sewedy’s Elsewedy Electric stake nears $1.4 billion after shares surge more than 60% on the Egyptian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Eni steps up Egypt investment with plans for 230 oil and gas wells
BusinessHot News

Eni steps up Egypt investment with plans for 230 oil and gas wells

Eni plans to drill 230 oil and gas wells in Egypt as the Italian energy giant expands investment and targets higher production.

Oluwatosin Alao Oluwatosin Alao