Tag: Featured

BusinessTourism

Mauritania’s first Sheraton hotel gets $15 million IFC boost

IFC invests $15 million in Mauritania’s first Sheraton hotel, boosting business tourism, jobs and local supply chains.

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Sharm El Sheikh
Tourism

British developer bets $670 million on Egypt tourism push with Sharm El Sheikh projects

British developer The First Group commits $670 million to build 3,200 hotel units in Sharm El Sheikh, boosting Egypt’s tourism growth.

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Keneilwe Moloko
Hot NewsBusiness

Keneilwe Moloko: Governance strategist shaping South Africa’s corporate boardrooms

Keneilwe Moloko shapes South Africa’s boardrooms, strengthening governance, risk oversight, and long-term value across major listed companies.

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Zambia Hilton hotel
Hot NewsBusiness

IFC plans $50 million loan for Zambia Hilton hotel, Djibouti warehouse

IFC plans a $50 million loan to fund a Hilton hotel in Zambia and a logistics warehouse in Djibouti, boosting tourism and regional supply chains.

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AirTrunk
Global News

AirTrunk gets $175 million for Malaysia data center expansion

AirTrunk secures up to $175 million from IFC to expand hyperscale data centers in Johor, boosting Malaysia’s digital infrastructure capacity.

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Daniel Ofori
BusinessHot News

Ghanaian investor Daniel Ofori’s CalBank posts $21 million profit in H1 2026

CalBank posts $21 million H1 2026 profit as revenue surges, asset quality improves and capital strengthens after recapitalization.

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Samuel Kamau Macharia
BusinessHot News

Kenyan businessman SK Macharia’s firm regains lead, overtakes President Ruto-linked Amaco

Directline Assurance, owned by SK Macharia regains Kenya’s PSV insurance lead after strong Q1 2026 results, overtaking Ruto-linked Amaco in a shifting market.

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Banque Misr
BusinessHot News

Banque Misr, MSMEDA launch $10 million microenterprise fund

Banque Misr, MSMEDA launch $10 million fund to finance 2,500 microenterprises, boosting access to credit and accelerating Egypt’s push to formalize informal businesses.

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Clive Calder
BusinessBillionairesGlobal NewsHot News

South African-British billionaire Clive Calder gains $1 billion in 4 months

Clive Calder’s net worth surged past $10 billion after a $1.02 billion gain in four months, reinforcing his status among Africa’s richest.

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Patrick Schegg CRDB Bank dividend
BusinessHot News

Tanzanian tycoon Patrick Schegg gains $23 million from CRDB Bank in 2026

Patrick Schegg gains $23 million as CRDB Bank shares rally, pushing his stake near $55 million amid strong growth on Tanzania’s stock exchange.

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Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala’s career in 7 defining chapters as Standard Bank CEO ahead of 2027 retirement

Sim Tshabalala’s rise from lawyer to Standard Bank CEO highlights expansion, earnings growth, and milestones ahead of his 2027 retirement.

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BusinessHot News

Egypt’s Edita moves to raise $20 million to fund expansion

Edita plans $20 million capital increase to fund expansion, boosting financial flexibility and supporting long-term growth strategy.

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