Tag: Featured

Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry gets $11 million MSME financing boost

Fawry secures $11 million MSME financing from MSMEDA to expand digital lending, boosting access for small businesses across Egypt.

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Karooooo
BusinessGlobal NewsHot News

South Africa’s billionaire Zak Calisto drives Karooooo to $95 million Q1 2027 revenue

Karooooo posts $95 million Q1 2027 revenue as billionaire Zak Calisto drives subscriber growth and expanding global SaaS mobility operations.

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Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to cut liabilities and strengthen balance sheet.

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Aliko Dangote, president of Dangote Group
BusinessBillionairesHot News

Aliko Dangote’s refinery raises $2.5 billion ahead of IPO

Dangote refinery raises $2.5 billion in private placement, strengthening finances ahead of IPO and accelerating expansion across global fuel markets.

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ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica announces first onshore Namibia hydrocarbon flow from Kavango well

ReconAfrica reports first onshore hydrocarbon flow in Namibia from Kavango well, marking milestone in early-stage exploration testing.

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Mary-Ann Musangi
BusinessHot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

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African banks with most branches
BusinessHot News

Standard Bank backs Temitope Lawani’s Helios Towers with $29 million

Standard Bank backs Helios Towers with a $29 million social finance deal to expand telecom infrastructure and boost digital connectivity across Africa.

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Africa Remittance
BusinessHot News

10 African countries leading remittance surge in 2025

Remittances to Africa hit record highs in 2025, surpassing $100 billion and reshaping economies, foreign exchange flows, and household resilience.

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Baume & Mercier
Hot NewsLuxury

Johann Rupert’s Richemont posts strong quarterly surge as sales hit $7.2 billion

Richemont posts strong quarterly sales of $7.2 billion, driven by jewelry demand and growth across key global markets.

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BusinessHot News

Egypt’s Mobica to invest $20 million in manufacturing, launches $10 million tech ETF

Mobica plans $20 million manufacturing expansion and launches $10 million tech ETF, signaling Egyptian industry’s shift toward innovation.

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Public Investment Corporation
BusinessHot News

South Africa regulator probes PIC after CEO suspension raises governance concerns

South Africa’s regulator probes PIC after CEO suspension sparks governance concerns at Africa’s largest asset manager.

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Air Peace and NAHCO
BusinessHot News

Allen Onyema’s Air Peace suffers aircraft damage after NAHCO ground collision in Lagos

Air Peace confirms Airbus A320 damage after NAHCO ground vehicle collision at Lagos airport, disrupting operations and triggering delays.

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