Tag: Featured

Gozem IFC $25 million financing
BusinessHot News

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

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

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Aliko Dangote’s stake in Dangote Cement jumps 1.26 billion dollars as shares rally and London listing talks gain momentum.

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
Hot NewsBusiness

Angola’s Cabinda refinery begins fuel shipments amid global supply strain

Angola’s Cabinda refinery begins fuel shipments, boosting local supply and easing import dependence amid global oil disruptions.

Omokolade Ajayi Omokolade Ajayi
Mark Shuttleworth success
TechnologyHot News

Mark Shuttleworth, Africa’s first astronaut who built Ubuntu, sold Thawte for $575 million

Mark Shuttleworth built Thawte, funded Ubuntu, and became Africa’s first astronaut, shaping global tech and open-source innovation.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

Ecobank is tapping global debt markets with a $350 million Tier 2 issuance to refinance existing notes and fund sustainability-linked financing across Africa.

Omokolade Ajayi Omokolade Ajayi
Baume & Mercier
LuxuryHot News

Richemont expands Vhernier luxury boutiques in China

Richemont opens Vhernier boutiques in Beijing and Shanghai, deepening push as luxury demand grows in China, expanding its Asia strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
Hot NewsBusiness

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement becomes Nigeria’s most valuable listed company with a $13.4 billion market cap share surge aligns with London listing plans under consideration.

Omokolade Ajayi Omokolade Ajayi
IFC Bank of Africa DRC
BusinessHot News

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC to boost SME imports, exports, and ease Congo’s trade funding gap.

Feyisayo Ajayi Feyisayo Ajayi
Admaius Africa growth fund
BusinessHot News

Rwanda-based Admaius launches $500 million for African equity expansion

Admaius launches $500 million African growth fund as IFC weighs $25 million backing for expansion across key sectors and major markets.

Feyisayo Ajayi Feyisayo Ajayi
Peter Ndegwa, CEO of Safaricom.
Hot NewsBusinessTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

Kenyan court orders Safaricom to pay software developer $10.8 million (Ksh1.4 billion) over M-Pesa child wallet copyright case.

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
NCBA model
Hot NewsBusiness

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi