Tag: Featured

Raya Holding Ostool deal
DigitalLatest

Raya Holding approves up to $60 million to fund Egyptian data center acquisition

Raya Holding has approved up to $60 million to fund a proposed Egyptian data center acquisition, subject to transaction and regulatory approvals.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam
InvestmentsLatest

Hassan Allam secures $32.1 million EBRD investment for Egypt water projects

Egyptian businessman Hassan Allam’s utilities business secures $32.1 million EBRD investment to expand water and desalination projects in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Most valuable banks on Ghana Stock Exchange
BankingLatest

Ecobank caps 40th anniversary with $2.6 billion commitment to women-led African businesses

Ecobank commits $2.6 billion by 2030 to finance women-led businesses and agriculture-focused SMEs across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Jasper Musadaidzwa
MiningLatest

Kavango Resources narrows H1 loss as revenue rises above $2 million, new CEO takes over

Kavango Resources narrowed its H1 2026 loss as revenue rose to $2.03 million, while new CEO Jasper Musadaidzwa advanced its gold strategy in Zimbabwe.

Feyisayo Ajayi Feyisayo Ajayi
ENL Group’s Oficea
InvestmentsLatest

ENL Group’s Oficea raises $71 million ESG bond to fund green property expansion

ENL Group’s Oficea raises $71.4 million sustainability-linked bond to finance green property expansion and upgrade offices across Mauritius.

Feyisayo Ajayi Feyisayo Ajayi
South African property investment company Putprop Limited.
CompaniesBusinessHot News

South Africa’s Putprop hikes dividend despite $6.1 million loss

South Africa’s Putprop raised its full-year dividend by nearly 10 percent despite posting a $6.1 million net loss driven by property writedowns.

Omokolade Ajayi Omokolade Ajayi
InvestmentsCompaniesHot News

South Africa’s PIC expands Exxaro stake to 15.15% worth $560 million

South Africa’s PIC has increased its clients’ stake in Exxaro Resources to 15.155%, a holding worth about $560 million.

Omokolade Ajayi Omokolade Ajayi
Fresh cocoa harvest
MarketsBusinessHot News

Ghana turns to local lenders for $1.4 billion cocoa rescue plan

COCOBOD is turning to local investors for $1.4 billion to finance the new cocoa season as debts mount and traditional international backing falls away.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
Hot NewsBillionairesCompanies

Aliko Dangote targets $100 billion revenue with $45 billion investment plan

Aliko Dangote targets $100 billion in annual revenue by 2030 as Dangote Industries pursues a $45 billion investment plan.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil tycoon Abdulrahman Bashar
EntrepreneursHot News

$40 million fuel debt puts Nigerian oil tycoon Abdulrahman Bashar’s assets at risk

Abdulrahman Bashar faces asset seizures in Nigeria over more than $40 million in unpaid fuel-related obligations.

Omokolade Ajayi Omokolade Ajayi
ARN Foods Limited
BusinessEntrepreneursHot News

Nola Adetola’s ARN Foods acquires multimillion-dollar rice mill to boost food supply in Nigeria

Nola Adetola’s ARN Foods has started production at a 120-metric-tonne-per-day rice mill in Abuja as it expands Nigeria’s food-processing operations.

Omokolade Ajayi Omokolade Ajayi
Savanna Beef
LatestMarkets

Savanna Beef faces disruption after foot-and-mouth disease outbreak in Namibia

Savanna Beef faces disruption after foot-and-mouth disease was detected in Namibia’s FMD-free zone, prompting livestock movement restrictions.

Feyisayo Ajayi Feyisayo Ajayi