Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry gets $11 million MSME financing boost

Fawry secures $11 million MSME financing from MSMEDA to expand digital lending, boosting access for small businesses across Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Karooooo
BusinessGlobal NewsHot News

South Africa’s billionaire Zak Calisto drives Karooooo to $95 million Q1 2027 revenue

Karooooo posts $95 million Q1 2027 revenue as billionaire Zak Calisto drives subscriber growth and expanding global SaaS mobility operations.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to cut liabilities and strengthen balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
iOCO acquires Astraia tech
TechnologyBusiness

iOCO acquires South Africa’s Astraia Technology in cloud expansion   

iOCO acquires Astraia Technology to expand cloud ERP services, strengthen business applications and grow technology solutions.

Timilehin Adejumobi Timilehin Adejumobi
Aliko Dangote, president of Dangote Group
BusinessBillionairesHot News

Aliko Dangote’s refinery raises $2.5 billion ahead of IPO

Dangote refinery raises $2.5 billion in private placement, strengthening finances ahead of IPO and accelerating expansion across global fuel markets.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica announces first onshore Namibia hydrocarbon flow from Kavango well

ReconAfrica reports first onshore hydrocarbon flow in Namibia from Kavango well, marking milestone in early-stage exploration testing.

Feyisayo Ajayi Feyisayo Ajayi
Mary-Ann Musangi
BusinessHot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Feyisayo Ajayi Feyisayo Ajayi
Trafigura exits Angola power project linking hydropower to Congo, Zambia mines
BusinessHot News

Trafigura exits Angola power project linking hydropower to Congo, Zambia mines

Trafigura exits Angola's 2,000-MW power project linking hydropower to DRC and Zambia mines as regional electricity projects continue to advance.

Oluwatosin Alao Oluwatosin Alao
Eni invites companies to bid for major contracts in Mozambique energy projects
BusinessHot News

Eni invites companies to bid for major contracts in Mozambique energy projects

Eni urges Mozambique companies to improve competitiveness as LNG projects worth billions create new opportunities across the energy sector.

Oluwatosin Alao Oluwatosin Alao
BUA-Foods
BusinessHot News

BUA plans production expansion after declaring $366 million dividend

BUA Foods production expansion plans follow a $366 million dividend payout as the company targets bigger food manufacturing capacity.

Timilehin Adejumobi Timilehin Adejumobi
Glencore
BusinessHot News

Dutch court blocks Glencore’s bid to buy back logistics unit at discount      

Glencore Access World buyback deal blocked by Dutch court over valuation concerns and private sale process dispute.

Timilehin Adejumobi Timilehin Adejumobi
BYD eyes South Africa battery plant as EV push gains pace across Africa
BusinessHot News

BYD eyes South Africa battery plant as EV push gains pace across Africa

BYD is exploring a South Africa battery plant as it expands EV sales, dealership growth and local manufacturing backed by new financing and policy support.

Oluwatosin Alao Oluwatosin Alao