Tag: Featured

Egyptian wheat supply linked to import diversification strategy.
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Egypt buys record amount of wheat from farmers after reforms

Egypt bought a record 4.6 million tons of local wheat after policy reforms raised domestic prices to ease foreign currency shortages.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings decline
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Africa’s leading farm Crookes Brothers warns of steep full-year earnings decline after weather-hit first half

Crookes Brothers warns of steep full-year earnings decline after weather-hit first half, citing crop damage, weak prices and volatility outlook

Feyisayo Ajayi Feyisayo Ajayi
Simba Corporation Imperial Bank withdrawals
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Adil Popat draws attention after Simba withdrew $5.6 million before Imperial Bank collapse

Simba Corporation withdrew $5.6 million from Imperial Bank days before its 2015 collapse, leaving over 50,000 depositors stranded.

Feyisayo Ajayi Feyisayo Ajayi
Africa library transformation
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20 biggest libraries in Africa

Africa’s largest libraries are transforming into digital knowledge hubs driving education, research, and cultural preservation across the continent.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ethiopia’s Allied Chemicals to get $17 million from IFC to build fertilizer plant

IFC plans up to $17 million financing for Allied Chemicals to build Ethiopia’s first private fertilizer plant, boosting supply and farm productivity.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
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Elon Musk’s SpaceX beats Saudi Aramco in landmark IPO, raising $75 billion

SpaceX raises $75 billion in a record IPO, surpassing Saudi Aramco and valuing Elon Musk’s company at $1.77 trillion.

Omokolade Ajayi Omokolade Ajayi
Standard Bank, Africa's biggest lender by assets.
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Standard Bank eyes lead advisory role in Dangote refinery IPO, expansion plans

Standard Bank plans a lead advisory role in the Dangote refinery initial public offering while signaling support for future expansion across Africa.

Omokolade Ajayi Omokolade Ajayi
Nampak Zimbabwe expansion
BusinessHot News

Nampak invests $1.3 million in Zimbabwe capacity 9 months after deal collapse

Nampak invests $1.3 million in Zimbabwe expansion and replacement projects, boosting capacity after a collapsed exit deal.

Feyisayo Ajayi Feyisayo Ajayi
Visawnathan Shankar investment move
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India-born financier Viswanathan Shankar sells $21 million Dangote Cement shares after rally

India-born financier Viswanathan Shankar sold $21.23 million in Dangote Cement shares amid strong price gains and profit-taking on NGX disclosure

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

Dangote Petroleum Refinery is valued at $39.1 billion in a private placement aiming to raise about $1 billion in fresh capital.

Omokolade Ajayi Omokolade Ajayi
MC Mining KDG $90 million deal
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South Africa’s MC Mining gets $9.94 million funding to advance Makhado coal project

MC Mining secures $9.94 million funding to accelerate South Africa’s Makhado coal project toward production readiness and infrastructure buildout.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

MTN Group is in the final stages of spinning off its Nigerian and Ugandan fintech units, clearing the path for strategic minority stake sales.

Omokolade Ajayi Omokolade Ajayi