Tag: Featured

ARM Cement liquidation
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ARM Cement moves to wind up operations as liquidation nears completion

ARM Cement moves to wind up operations as liquidation nears completion amid debt pressures and unresolved tax disputes in East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man
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Africa’s richest man Aliko Dangote adds $3 billion to net worth year-to-date

Aliko Dangote adds $3 billion to his net worth as Dangote Cement shares surge and refinery scales up production.

Omokolade Ajayi Omokolade Ajayi
IFC $52 million Platcorp financing
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IFC backs Platcorp with $52 million MSME funding to expand lending in East Africa

IFC plans $52 million financing for Platcorp to expand MSME lending across Kenya, Uganda and Tanzania, targeting women-owned firms.

Feyisayo Ajayi Feyisayo Ajayi
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Glencore seals $115 million cobalt deal as U.S. eyes supply shift from China

Glencore secures $115 million cobalt purchase for U.S. stockpile as policy shifts reduce reliance on China and tighten global supply.

Omokolade Ajayi Omokolade Ajayi
MCB wins awards for $400 million energy deal
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MCB secures $450 million syndicated loan in landmark GCC and India debut

Mauritius Commercial Bank closes $450 million syndicated loan, drawing strong GCC and Indian bank support.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Octodec to sell Killarney Mall for $25 million

Octodec agrees to sell Killarney Mall in Johannesburg for $25 million, reshaping its property portfolio and freeing capital.

Omokolade Ajayi Omokolade Ajayi
Ethiopia richest entrepreneurs
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10 richest people in Ethiopia

Ethiopia’s 10 richest entrepreneurs drive growth across energy, real estate, agriculture and industry despite political and market risks.

Feyisayo Ajayi Feyisayo Ajayi
NSIA Bank Benin Proparco guarantee
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NSIA Bank Benin lands $23.6 million Proparco deal for SME Growth

NSIA Bank Benin secures $23.6 million Proparco guarantee to expand SME lending and reduce credit risk in key economic sectors.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTourism

Mauritius faces urgent $5.6 billion climate financing need

Mauritius needs $5.6 billion over 25 years to tackle climate risks, protect growth and avert up to 4% GDP loss by 2050.

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Titan $70 million bond
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IFC backs Titan’s $70 million bond to fund sustainable cement projects in the Balkans

IFC backs Titan’s $70 million bond to expand low-carbon cement production and energy efficiency across the Western Balkans.

Feyisayo Ajayi Feyisayo Ajayi
Super Group H1 2026 revenue
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Super Group posts $1.43 billion H1 2026 revenue despite UK headwinds

Super Group posts $1.43 billion H1 2026 revenue as supply chain and dealerships lift earnings, despite UK headwinds.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

WeBuyCars holds off on new vehicle sales despite market growth

WeBuyCars focuses on used vehicles despite South Africa’s new car sales surge, prioritizing systems and customer experience.

Omokolade Ajayi Omokolade Ajayi