Tag: African business

Qalaa Holdings
BusinessHot News

Qalaa Holdings targets 27.1% stake in Egypt refinery after QatarEnergy exit

Qalaa Holdings stake in Egypt’s refinery could rise to 27.1% after QatarEnergy exits, backed by a $75 million rights issue.

Timilehin Adejumobi Timilehin Adejumobi
Rwanda secures $80 million to expand financing for small businesses
BusinessGlobal News

Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao Oluwatosin Alao
ADNOC Distribution
BusinessHot News

ADNOC to sell minority stake in Shell South Africa to Reatile Group

ADNOC Distribution will acquire Reatile Group’s stake in Shell South Africa, expanding its fuel retail and convenience business.

Timilehin Adejumobi Timilehin Adejumobi
Vukile Property Fund
BusinessHot News

South Africa’s Vukile raises $168 million for Italy expansion

South Africa’s Vukile raised $168 million on the JSE to fund Italy retail acquisitions and expand its European footprint.

Timilehin Adejumobi Timilehin Adejumobi
MTN service center in South Africa.
BusinessHot News

Why African conglomerates are spinning off units to unlock value

African conglomerates are spinning off units to unlock value, reduce conglomerate discounts, and attract deeper global capital markets.

Timilehin Adejumobi Timilehin Adejumobi