Tag: African business

Hani Berzi
BusinessCompanies

Hani Berzi’s Edita plans $71.3 million investment in 2026, targets $463 million in sales

Edita Food Industries investment plans reach $71.3 million in 2026 as Hani Berzi targets $463 million in annual sales.

Timilehin Adejumobi Timilehin Adejumobi
African Development Bank
BusinessBanking

African Development Bank commits $44.8 million to boost Cameroon’s businesses

Cameroon SMEs gain targeted trade finance support under the African Development Bank’s $44.8 million deal with AFG Bank Cameroon.

Oluwatosin Alao Oluwatosin Alao
Andersen Group
BusinessCompanies

Andersen Group buys South Africa’s Merchantec in three-acquisition push

Andersen Merchantec acquisition gives the firm a South African investment banking foothold as 19 deals add about $190 million in 2026.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s richest person Aliko Dangote
BusinessInvestments

Dangote unveils $16 billion refinery plan for Kenya’s growing oil market

Dangote is investing $16 billion in a Kenya refinery designed to reduce East Africa’s fuel imports, create jobs and serve regional markets.

Oluwatosin Alao Oluwatosin Alao
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