African financial hubs Archives

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi April 24, 2026

Business Hot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi April 24, 2026

Business Exclusive

Meet Patience Mutesi: CEO of Rwanda’s second-largest bank, BPR

Patience Mutesi leads BPR Bank Rwanda, driving post-merger growth, digital banking expansion and financial inclusion under KCB Group.

Timilehin Adejumobi April 24, 2026

Lesotho bridge lifts water exports to South Africa, boosts supply

Business Technology

Lesotho builds mega bridge to boost water exports to South Africa

High in the mountains of Lesotho, a new bridge is set to play a larger role in how water moves across Southern Africa. The Senqu Bridge, recently completed, is part of a wider effort to expand supply to neighboring South Africa, where demand continues to rise. Water from Lesotho already supports daily life in Johannesburg, the country’s economic hub. About…