Tag: Featured

Labat Africa AI technology distribution
BusinessHot News

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau, expanding into generative AI, GPU infrastructure and Africa’s digital finance ecosystem.

Feyisayo Ajayi Feyisayo Ajayi
European Investment Bank renewable energy Africa
BusinessHot News

European Investment Bank commits $1.2 billion to boost renewable energy in Africa

European Investment Bank pledges $1.2 billion to expand renewable energy and electricity access across sub-Saharan Africa under Mission 300.

Feyisayo Ajayi Feyisayo Ajayi
IFC $50 million ZEP-RE guarantee
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IFC proposes $50 million guarantee for ZEP-RE to expand insurance coverage across Africa

IFC proposes a $50 million guarantee for ZEP-RE to boost underwriting capacity and expand insurance access across African markets.

Feyisayo Ajayi Feyisayo Ajayi
Benson Ndeta bank fraud
BusinessHot News

Kenyan cement tycoon Benson Ndeta faces arrest over $34.8 million Absa Bank fraud

Kenyan cement executive Benson Ndeta faces arrest after court warrant over alleged $34.8 million Absa Bank Kenya fraud scheme.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi CBD property sale
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Jubilee Holdings to sell Nairobi CBD office for $15.5 million

Jubilee Holdings to sell Nairobi CBD office for $15.5 million, moving operations to modern Upper Hill headquarters.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Rawbank SME financing
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Proparco grants Rawbank $50 million loan to expand SME financing in DR Congo

Proparco grants Rawbank $50 million loan under IFC-led $265 million package to expand SME lending, boost private sector growth and support jobs in DR Congo.

Feyisayo Ajayi Feyisayo Ajayi
Youngest African billionaires
ExclusiveHot News

10 youngest African billionaires

Africa’s 10 youngest billionaires built empires in telecom, cement, energy and real estate, shaping industries and expanding influence across global markets.

Feyisayo Ajayi Feyisayo Ajayi
LuxuryTourism

Iran strikes shake Dubai’s safe-haven status as wealthy residents weigh exit

Iran-linked strikes test Dubai’s safety as wealthy residents consider leaving and luxury real estate faces potential demand shifts.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
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South African billionaire Patrice Motsepe’s net worth drops below $4 billion

South African billionaire Patrice Motsepe’s net worth falls below $4 billion after a $400 million slide tied to declines in key mining stocks.

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
Hot NewsTechnology

10 most valuable African tech unicorns

Africa’s tech ecosystem has produced billion-dollar startups solving payments, talent, and logistics gaps while attracting global investors.

Feyisayo Ajayi Feyisayo Ajayi
Raya Holding profit 2025
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Egypt’s Raya Holdings sees profit slip to $6.5 million in 2025

Raya Holding profit slips to $6.5 million in 2025 despite revenue growth, as Egypt’s outsourcing giant expands global BPO operations.

Feyisayo Ajayi Feyisayo Ajayi
Remgro sells FirstRand stake
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Johann Rupert’s Reinet secures $3.9 billion payday from PIC sale

Johann Rupert’s Reinet to earn $3.9 billion from PIC stake sale, boosting liquidity and global investment influence.

Feyisayo Ajayi Feyisayo Ajayi