Refinery
BusinessHot News

Lamu’s $17 billion oil refinery to expand into petrochemical complex      

Lamu oil refinery will expand into a $17 billion petrochemical complex, creating jobs and boosting Kenya's manufacturing.

Timilehin Adejumobi Timilehin Adejumobi
Hollard, Global Alliance to merge, creating Mozambique's largest insurer
BusinessHot News

Hollard, Global Alliance to merge, creating Mozambique’s largest insurer

Hollard Mozambique will merge with Global Alliance Seguros, creating the country's largest insurer with more than 30% market share.

Oluwatosin Alao Oluwatosin Alao
Mary Wambui
BusinessHot NewsLuxury

Kenyan businesswoman Mary Wambui loses bid as Equity Bank moves to seize Glee Hotel over $70 million debt

Mary Wambui loses bid to stop Equity Bank’s Glee Hotel takeover as court backs lender in $70 million debt dispute, clearing way for administration.

Feyisayo Ajayi Feyisayo Ajayi
Capitec
BusinessHot News

Capitec sells rental finance unit to Sasfin in $4 million deal 

Capitec sells rental finance unit to Sasfin for $4 million as the bank sharpens focus on core banking operations.

Timilehin Adejumobi Timilehin Adejumobi
Canal+ office building
BusinessHot News

MultiChoice becomes Canal+ subsidiary after acquisition closes

MultiChoice acquisition is complete as Canal+ takes full ownership, creating a global media group with deeper African reach.

Timilehin Adejumobi Timilehin Adejumobi
King Mswati III
BusinessHot News

King Mswati III: Absolute monarch at the center of Eswatini’s corporate empire

King Mswati III anchors Eswatini’s corporate empire through Tibiyo, a sovereign fund dominating key sectors and shaping the kingdom’s economy.

Feyisayo Ajayi Feyisayo Ajayi
Huatong Group
BusinessHot News

Huatong Group to get $60 million IFC loan to expand cable manufacturing in Africa

IFC plans $60 million loan for Huatong to expand cable production in Tanzania and Cameroon, boosting Africa’s power infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
AfDB approves $234 million loan to expand Morocco’s rail network
BusinessHot News

AfDB approves $234 million loan to expand Morocco’s rail network

AfDB approves a $234 million loan to expand Morocco's high-speed rail network, boosting trade, freight capacity and regional connectivity.

Oluwatosin Alao Oluwatosin Alao
Rupert Bryants
Hot NewsBusiness

Rupert Bryant: Self-taught entrepreneur behind one of South Africa’s early internet success stories

Rupert Bryant, a self-taught entrepreneur, helped scale Webafrica into a leading South African ISP, shaping early internet infrastructure and growth.

Feyisayo Ajayi Feyisayo Ajayi
Ahmed El-Sewedy, President and CEO of Elsewedy Electric
BusinessHot News

Egyptian tycoon Ahmed Elsewedy gains $82 million from Elsewedy Electric stake

Ahmed El-Sewedy’s Elsewedy Electric stake gains $82 million as strong shares, dividends and growth boost investor wealth.

Timilehin Adejumobi Timilehin Adejumobi
Shell
BusinessHot News

Shell exits Deepsea Mira contract as Namibia prepares for offshore upgrades

Namibia offshore oil exploration gains attention as Shell exits Deepsea Mira contract ahead of rig upgrades and future drilling plans.

Timilehin Adejumobi Timilehin Adejumobi
Alstom plans Tanzania transport investment after talks with Prime Minister Nchemba
BusinessGlobal News

Alstom plans Tanzania transport investment after talks with Prime Minister Nchemba

Alstom plans to invest in Tanzania's transport sector after talks with Prime Minister Mwigulu Nchemba, targeting rapid transit and urban mobility projects.

Oluwatosin Alao Oluwatosin Alao