African billionaire investments Archives

Kenya Tribunal orders taxman to review $14 million tax dispute involving Transmara Sugar

Kenya tribunal faults KRA for misreading data in Transmara Sugar’s Ksh1.8 billion ($14 million) tax-loss claim, ordering fresh review.

Feyisayo Ajayi April 8, 2026

Business Hot News

Italy’s Eni discovers major gas reserves offshore Egypt

New Eni gas discovery offshore Egypt supports regional energy stability

Timilehin Adejumobi April 8, 2026

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Business Hot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi April 8, 2026

Customer making a payment with Lucky card and POS terminal in Egypt.

Hot News Technology

Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

Egypt fintech Lucky raises $23 million to expand into North Africa, scale consumer credit, and invest in technology and infrastructure.

Omokolade Ajayi April 8, 2026

Morocco launches first private 5G for industry as inwi advances smart factory growth

Business Technology

Inwi rolls out Morocco’s first private industrial 5G at GITEX Africa 2026

Morocco is stepping up efforts to modernize its industrial base, betting on faster, more reliable connectivity to lift factory output and efficiency. Officials and telecom operators see private 5G networks as a practical tool to help manufacturers automate processes and manage data in real time. The shift reflects a broader push to bring Industry 4.0 into everyday operations. Companies are…