Tag: Featured

Kenya's President William Ruto.
Hot NewsBusiness

Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusinessExclusive

GTBank co-founder Fola Adeola’s Aradel stake climbs to $337 million

Fola Adeola’s Aradel stake rises to $337.8 million as strong share rally and oil gains boost investor returns.

Omokolade Ajayi Omokolade Ajayi
Monoprix Tunisia
BusinessHot News

Monoprix Tunisia backed by Czech billionaire Daniel Křetínský posts $266 million revenue in 2025

Monoprix Tunisia, backed by Daniel Křetínský, posts $266.1 million 2025 revenue, up 13.5%, driven by stronger sales and efficiency gains

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia
BusinessHot News

Ethiopia opens $30 million cold storage hub to boost agricultural trade

Ethiopia opens $30 million cold storage hub in Addis Ababa to cut post-harvest losses, boost supply chains and improve agricultural trade efficiency.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot NewsTechnology

Kenyan Agritech SokoFresh seeks $1.5 million for avocado cold chain expansion

Kenyan agritech SokoFresh seeks $1.5M to expand solar cold storage, boosting avocado exports and cutting post-harvest losses in Kenya push.

Feyisayo Ajayi Feyisayo Ajayi
Komati Power Station-in South Africa.
Hot NewsBusiness

South Africa may extend coal plants as gas delays slow power transition

South Africa considers extending coal plant life as gas project delays threaten its shift to cleaner power generation.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesBusinessHot News

Over a year after Nigerian billionaire Ogunlesi joins board OpenAI weighs $1tn IPO with Citi, JPMorgan as advisers

OpenAI weighs a potential initial public offering near 1 trillion dollar valuation with Citi and JPMorgan as advisers.

Omokolade Ajayi Omokolade Ajayi
Oceanwood
BusinessHot News

OCI Global advances portfolio reset as divestments accelerate amid strong cash position

OCI Global accelerates asset sales, strengthens balance sheet, and shifts to net cash amid ongoing portfolio restructuring in Q1 2026.

Feyisayo Ajayi Feyisayo Ajayi
Absa Bank Uganda asset sale ruling
BusinessHot News

Absa Bank Kenya posts $40.9 million profit amid deposit growth

Absa Bank Kenya posted $40.9 million Q1 2026 profit, driven by deposit growth and a stronger balance sheet despite economic pressure.

Feyisayo Ajayi Feyisayo Ajayi
Bozzetto sale
BusinessHot News

Johannesburg-listed Aimia closes $195 million Bozzetto sale, retires $142.6 million notes

Aimia closes $195 million Bozzetto sale, uses proceeds to cut debt and reposition as a permanent capital investment vehicle.

Feyisayo Ajayi Feyisayo Ajayi
South African property investment company Putprop Limited.
Hot NewsBusiness

Putprop agrees to sell Gauteng properties for $10.3 million in portfolio shift

Putprop agrees to sell Mamelodi Square and Dobsonville assets in Gauteng for $10.3 million, advancing portfolio rebalancing strategy.

Omokolade Ajayi Omokolade Ajayi
Malagasy businessman Hassanein Hiridjee.
TechnologyBusinessHot News

Hassanein Hiridjee elected to Jumia’s supervisory board barely one year after emerging as largest shareholder

Hassanein Hiridjee joins Jumia’s Supervisory Board barely one year after Axian Group increased its stake to 9.97 percent, strengthening governance at Africa’s e-commerce platform.

Omokolade Ajayi Omokolade Ajayi