Tag: Featured

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
OCI Global
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
Mauritius-based conglomerate Alteo Limited.
Hot NewsBusiness

Mauritius-based Alteo reports nine-month revenue above $70 million, assets top $500 million

Its profit, however, declined as gains in agriculture and real estate were offset by weaker energy revenue and lower margins, resulting in a decline in earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy veteran Layi Fatona.
Hot NewsBusiness

Nigerian energy veteran Layi Fatona named ND Western chair amid upstream expansion plans

Layi Fatona has been named chairman of ND Western, reinforcing the company’s upstream oil and gas expansion strategy as it strengthens production and asset growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Attijariwafa Bank $315 million profit
BusinessHot News

Moroccan banking giant Attijariwafa Bank posts $315 million profit as provisions drop

Attijariwafa Bank posts $315 million Q1 profit as provisions fall, boosting earnings despite rising costs and global uncertainty.

Feyisayo Ajayi Feyisayo Ajayi
Morocco hospitality expansion
Hot NewsTourism

Egyptian businessman Kamel Abou-Ali’s Pickalbatros targets Morocco expansion with $165 million funding

Pickalbatros plans Morocco expansion with $165 million IFC funding, boosting $300 million hospitality upgrades across key cities in Morocco.

Feyisayo Ajayi Feyisayo Ajayi