Tag: Featured

BusinessHot News

Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

Omokolade Ajayi Omokolade Ajayi
BillionairesHot News

Ken Sharpe’s WestProp woos South African retailers for $100 million Mall of Zimbabwe

WestProp courts South African retailers for its $100 million Mall of Zimbabwe, a flagship project set to reshape Harare’s retail landscape.

Omokolade Ajayi Omokolade Ajayi
African billionaires luxury hotel developers
Hot NewsBillionairesBusiness

10 African billionaires building luxury hotels across the continent

African billionaires are financing luxury hotels across the continent, partnering global brands to transform tourism and real-estate markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC Somalia microfinance loan
BusinessHot News

IFC plans $1 million loan for KIMS Microfinance to expand financial inclusion in Somalia

IFC plans a $1 million Sharia-compliant loan to KIMS Microfinance to expand credit access for microenterprises and boost financial inclusion in Somalia.

Feyisayo Ajayi Feyisayo Ajayi
IFC investment in Lightrock Africa Fund
BusinessHot News

IFC invests $20 million in Lightrock Africa Fund II

IFC considers $20 million investment in Lightrock Africa Fund II to boost high-growth African firms and strengthen regional private equity.

Feyisayo Ajayi Feyisayo Ajayi
Angola trade finance IFC
BusinessHot News

Banco de Fomento Angola gains $30 million IFC trade guarantee

IFC plans $30 million trade finance for Banco de Fomento Angola, boosting cross-border transactions and business access to global markets.

Feyisayo Ajayi Feyisayo Ajayi
Centum Sidian Bank stake sale
BusinessHot News

Centum, linked to Kirubi family, exits Sidian Bank after 25 years with final stake sale

Centum exits Sidian Bank after 25 years, selling its final stake and ending one of Kenya’s longest-running banking investments.

Feyisayo Ajayi Feyisayo Ajayi
Kampala luxury apartments
Hot NewsBillionairesLuxury

Inside Sudhir Ruparelia’s Kololo project: Kampala’s new luxury residential landmark

Ugandan tycoon Sudhir Ruparelia develops One Ten Apartments, a 15-storey luxury tower redefining upscale urban living in Kampala.

Feyisayo Ajayi Feyisayo Ajayi
Portside Tower
Hot NewsBusiness

Surging oil prices put South Africa’s fragile recovery at risk

Brent above $100 raises inflation and growth risks for South Africa as conflict drives volatile oil markets and higher fuel costs.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe dairy processor Dendairy acquisition
BusinessHot News

Mauritius-based Group expands Zimbabwe agribusiness footprint with Dendairy acquisition

ETG subsidiary Vamara acquires Zimbabwe dairy processor Dendairy after regulatory approval, aiming to stabilize production and expand operations.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

South African billionaire Patrice Motsepe to receive $27.1 million dividend

Patrice Motsepe will receive $27.1 million as African Rainbow Minerals pays a higher interim dividend after strong earnings growth.

Omokolade Ajayi Omokolade Ajayi
MNT-Halan debt program
BusinessHot News

MNT-Halan targets debt program worth over $570 million

Egyptian fintech MNT-Halan plans a $572 million debt program to fund expansion across Egypt, Turkey, Pakistan and the UAE.

Feyisayo Ajayi Feyisayo Ajayi