Tag: Featured

Proparco
BusinessHot News

Africa anchors $1.1 billion of Proparco’s $2.9 billion deals in 2025

Proparco commits $2.9 billion globally in 2025, with $1.1 billion to Africa, reinforcing focus on private sector growth and climate finance.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $130 million profit in Q1 2026

BUA Cement reports stronger Q1 2026 earnings, with profit rising to $130 million on higher sales volumes and steady demand.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank, Nigeria’s most profitable lender.
Hot NewsBusiness

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Kenya, Uganda in talks with Africa’s richest man, Aliko Dangote over East African refinery project

Kenya, Uganda in talks with Aliko Dangote to build Tanzania refinery, targeting regional crude processing and reducing fuel imports.

Feyisayo Ajayi Feyisayo Ajayi
Patrick Schegg Tanzania investment
BusinessHot News

Swiss-Tanzanian investor Patrick Schegg builds quiet $106 million portfolio on DSE

Swiss-Tanzanian investor Patrick Schegg builds $106 million stake across CRDB and NMB banks on the Dar es Salaam Stock Exchange market value

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank Q1 2026 profit
Hot NewsBusiness

Co-op Bank unveils holding company shift under Gideon Muriuki

Co-op Bank posts record $229.6 million profit, unveils holding company shift to drive regional expansion and efficiency.

Feyisayo Ajayi Feyisayo Ajayi
Gold nuggets.
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

Regulators in Ghana direct Newmont, AngloGold Ashanti and Zijin Mining to shift operations to local contractors by December 2026.

Omokolade Ajayi Omokolade Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

Natie Kirsh’s net worth hits $17.7 billion after a $29.1 billion Jetro deal, overtaking Johann Rupert to rank second in Africa behind Aliko Dangote.

Omokolade Ajayi Omokolade Ajayi
Paul Deuchar, long-serving head of Investec Investment Management, who oversaw growth of nearly $24 billion in assets under management.
BusinessHot News

Paul Deuchar to step down after building Investec AUM to nearly $24 billion

Investec veteran Paul Deuchar steps down after growing assets to nearly $24 billion, with Ryan Friedman named successor.

Omokolade Ajayi Omokolade Ajayi
global inflation 2026
Hot NewsBusinessGlobal News

Global inflation surge in 2026 halts rate cuts, raises risk of new hikes

Global commodity shock fuels new inflation risks, forcing central banks to pause rate cuts as households brace for rising costs.

Feyisayo Ajayi Feyisayo Ajayi
Pick n Pay turnaround strategy
Hot NewsBusiness

20 family-owned giants powering Africa’s industrial growth

Family-owned businesses drive Africa’s growth, blending long-term vision, resilience and capital to shape industries and expand across markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC TBC Leasing $40 million loan
Global NewsHot News

IFC targets Georgia leasing sector with $40 million MSME loan after 20 years

IFC eyes $40 million loan to TBC Leasing, targeting MSME growth and rural financing gaps in Georgia’s evolving leasing sector.

Feyisayo Ajayi Feyisayo Ajayi