Tag: Africa

Mauritius-based Cim Finance.
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Mauritius-based Cim Finance profit holds at $18.9 million despite higher impairments

Cim Finance posted $18.9 million profit as lending growth and higher revenue offset rising impairment losses in nine months.

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
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World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Aliko Dangote targets a $5 billion refinery IPO after a $2.5 billion private placement as the mega refinery prepares to list.

Omokolade Ajayi Omokolade Ajayi
Mauritian financial group Swan General
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Mauritian financial group Swan General posts $28.1 million profit for 2025

Mauritian financial group Swan General posted a $28.1 million profit for 2025, driven by strong underwriting and investment growth.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
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Ethiopia’s richest man Mohammed Al Amoudi tops $10 billion as wealth rebounds

Mohammed Al Amoudi rejoins the top 400 billionaires as his fortune crosses $10 billion following major expansions in Ethiopian hospitality.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Othman Benjelloun
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Moroccan billionaire Othman Benjelloun’s Bank of Africa seals deal to expand funding across Africa

Bank of Africa partners with Italy's SACE to unlock major European capital for energy and infrastructure projects across the African continent.

Omokolade Ajayi Omokolade Ajayi
Lithium
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Zimbabwe eyes lithium battery manufacturing as processing push gains ground

Zimbabwe targets domestic lithium battery production to maximize critical mineral revenues, boost industrial jobs, and attract global investment.

Omokolade Ajayi Omokolade Ajayi
Air Zimbabwe
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Air Zimbabwe restores direct London flights after 14 years

Air Zimbabwe restarts direct Harare to London Gatwick flights after 14 years using a leased Airbus A330-300 to revive direct UK connections.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, president of Dangote Group
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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
Africa’s 10 richest billionaires in July 2026
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Africa’s 10 richest billionaires now worth $106.4 billion after $6.2 billion gain

Africa’s top 10 billionaires see their combined wealth jump to $106.4 billion, driven by massive stock market gains from Aliko Dangote and BUA Group.

Omokolade Ajayi Omokolade Ajayi
Africa’s 10 richest billionaires in July 2026
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10 richest African billionaires in July 2026

Africa’s 10 richest billionaires in July 2026 as Aliko Dangote, Johann Rupert and others grow their fortunes.

Omokolade Ajayi Omokolade Ajayi
5 African innovators
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5 African innovators quietly echoing the genius of Thomas Edison

African innovators echo Edison’s genius, turning constraint into scalable solutions across healthcare, fintech, and energy systems.

Feyisayo Ajayi Feyisayo Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
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Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

Kenya launches a $8.3 billion agricultural plan, targeting private investors to fund a five-year overhaul to slash food imports and boost growth.

Omokolade Ajayi Omokolade Ajayi