Tag: Featured

Small-scale hydropower Africa
BusinessHot News

Anzana secures $20 million to scale hydropower projects across Africa

Anzana secures $20 million to scale small hydropower projects across Africa, boosting clean energy access in underserved markets.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusinessTechnology

MTN tax contribution rises to $3.76 billion in 2025 across key markets

MTN Group paid $3.76 billion in taxes across 16 markets in 2025, reflecting its expanding fiscal contribution in Africa and the Middle East.

Omokolade Ajayi Omokolade Ajayi
Sunbird Tourism
Hot NewsTourism

Malawi’s Sunbird expands Salima flagship with $5.8 million lakeside upgrade, adds 60 rooms

Sunbird Tourism adds 60 rooms in $5.8 million upgrade, boosting capacity and strengthening Malawi’s lakeside hospitality hub.

Feyisayo Ajayi Feyisayo Ajayi
CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
Hot NewsBusiness

Mauritius-based CIEL Group posts $652 million revenue in 9M 2026

CIEL Group posts $652.8 million revenue for 9M 2026 as hotels, healthcare and finance offset weaker textiles performance.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian billionaire Aliko Dangote gains N8.4 trillion from Dangote Cement shares

Aliko Dangote’s stake in Dangote Cement gains N8.4 trillion as share rally strengthens his position as Africa’s richest man.

Omokolade Ajayi Omokolade Ajayi
Egypt economy trends
BusinessHot News

Inside Egypt’s $8 billion investment fund market as asset bases broaden 

Egypt’s investment fund industry hit $7.8 billion in Q1 2026, up 30.65%, as retail flows and diversification deepen capital markets momentum.

Feyisayo Ajayi Feyisayo Ajayi
East African Breweries Limited (EABL)
BusinessHot News

Kenya nets $324 million from Diageo’s EABL exit deal

Kenya is set to receive about $324 million in tax revenue from Diageo’s planned exit from East African Breweries Limited.

Timilehin Adejumobi Timilehin Adejumobi
Uber Technologies
BusinessTechnology

Uber buys Delivery Hero’s Aspex stake after takeover bid

Uber raises stake in Delivery Hero to 36.83% as takeover talks continue, intensifying Europe food delivery consolidation.

Oluwatosin Alao Oluwatosin Alao
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBillionairesBusiness

South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

Omokolade Ajayi Omokolade Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
Hot NewsBillionairesBusiness

I&M Group reports $38.9 million Q1 2026 profit; assets rise to $5.73 billion

I&M Group reports $38.9 million Q1 2026 profit, with total assets rising to $5.73 billion on stronger lending and income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
Antoine Ndzengue tyre project
BusinessHot News

Cameroonian businessman Antoine Ndzengue’s delayed mega-tyre project advances with $730 million deal

Cameroon’s delayed tyre plant linked to Antoine Ndzengue advances after GHV Infra received LOI for a $730 million EPC deal in Bekoko industrial plant

Feyisayo Ajayi Feyisayo Ajayi
MCB CrossBoundary Energy investment
BusinessHot News

MCB Group launches $1 billion Africa trade finance push to boost regional commerce

MCB Group launches $1 billion trade finance program to boost intra-African commerce, ease risk barriers and support regional value chains.

Feyisayo Ajayi Feyisayo Ajayi