Tag: Featured

Zimbabwean fuel importer Witeva closes $5.3 million deal via Afreximbank platform

Zimbabwe’s Witeva Trading completes $5.3 million fuel deal via Afreximbank platform, highlighting digital trade ecosystem growth in Africa.

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Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Transcorp's assets rose to $797 million as retained earnings neared $144 million, strengthening its balance sheet in the first half of 2026.

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Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

Nigerian billionaire Femi Otedola has acquired 706 million additional First HoldCo shares, lifting his stake to 21.95 percent in the lender.

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Kumba signs 20-year solar power deal to cut costs, emissions at Sishen mine

Kumba signs 20-year solar deal to cut power costs and emissions at Sishen, boosting renewables to about 45% of energy mix by 2027.

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Patrice Motsepe’s ARM approves $926 million Bokoni platinum project, restarts Nkomati nickel mine

ARM, African Rainbow Minerals, approves $926 million Bokoni platinum project and restarts Nkomati nickel mine to boost output and strengthen position.

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Glencore plans 30,000-ton lead withdrawal from LME warehouses as inventories hit record highs

Glencore plans to withdraw 30,000 tons of lead from LME warehouses as inventories surge and trading dynamics shift globally.

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Egypt’s 10 most valuable firms in 2026

Egypt’s top firms gained as market value hit $77 billion, driven by banking strength, industrial growth, and rising investor confidence.

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Grammy-winning Beninese singer Angélique Kidjo to debut at Carthage festival

Grammy-winning Angélique Kidjo will debut at Tunisia’s Carthage Festival, headlining July 23 with songs from her new album HOPE!! and classic hits.

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Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner

Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner to manage assets and fund high-growth projects across Central Africa.

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FlySafair says air-traffic constraints limit operations a week after Harith wins approval for takeover

approval for takeover Persistent air-traffic congestion forces FlySafair to adjust schedules shortly after Harith General Partners gets approval to acquire the airline.

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OPay eyes one billion users as technology push drives faster payments

OPay targets one billion users after boosting payment speeds, fraud protection, and system reliability worldwide.

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Morocco, Germany $30 billion subsea cable project snagged by governance row

Governance disputes and design demands have stalled a $30 billion subsea power cable project set to supply Germany with Moroccan renewable energy.

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