Tag: Hot News

LekkeSlaap
BusinessTourism

South Africa’s LekkeSlaap sold to Consortium as founders exit

South African investors have acquired LekkeSlaap as its founders exit, with the 40,000-property platform targeting wider Southern African growth.

Oluwatosin Alao Oluwatosin Alao
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Moove exits Nigeria months after hitting $2.1B valuation, hands drivers $26M fleet

Moove is exiting Nigeria after reaching a $2.1 billion valuation, transferring a $26.3 million vehicle fleet to eligible drivers as it pivots to autonomous mobility.

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
BusinessEnergyHot News

Hassanein Hiridjee’s Axian to build 200MW solar plant to ease Zambian outages

Hassanein Hiridjee’s Axian Group has finalized a deal to build the 200MW Kudu solar plant in Zambia, expanding its clean-energy drive across Africa.

Omokolade Ajayi Omokolade Ajayi
Morocco’s Royal Air Maroc
BusinessHot NewsTechnology

Morocco’s Royal Air Maroc becomes first in Africa to add Starlink Wi-Fi

Royal Air Maroc seals a Starlink deal for 41 aircraft, becoming the first airline in Africa to roll out space-based Wi-Fi.

Omokolade Ajayi Omokolade Ajayi
South Africa's platinum giant, Valterra Platinum
BusinessCompaniesHot NewsMining

South Africa’s platinum giant, Valterra, moves to seize Western supply shift

Valterra Platinum moves to supply Western buyers hunting critical minerals, aiming to turn shifting global supply chains into market gains.

Omokolade Ajayi Omokolade Ajayi
Tanzanian entrepreneur Elia Timotheo
BusinessEntrepreneursHot News

Tanzanian entrepreneur Elia Timotheo leads EA Foods to $40 million raise

EA Foods raises $40 million to expand its food distribution network from Tanzania into Kenya, boosting market access for smallholders.

Omokolade Ajayi Omokolade Ajayi
African Union logo
BusinessHot News

African Union launches first homegrown credit rating agency in Mauritius

Africa launches AfCRA in Mauritius as debt service hits $163 billion, seeking to reshape how investors assess risk and the cost of African borrowing.

Oluwatosin Alao Oluwatosin Alao
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
MarketsBusinessHot News

Dangote Refinery opens $300 million IPO stake to East Africa

Dangote Refinery targets $300.4 million from East African investors through nearly 20 percent of its planned $1.6 billion IPO.

Omokolade Ajayi Omokolade Ajayi
Coca-Cola
BusinessCompaniesHot News

Coca-Cola unveils $30 million initiative to rescue South Africa’s drying tap systems

Coca-Cola has launched a $30 million initiative to fix leaking municipal pipes and protect South Africa’s drying water systems.

Omokolade Ajayi Omokolade Ajayi
South African executive Val Nichas
ExecutivesBusinessHot News

Val Nichas drives Spur’s five-year turnaround as revenue surges sixfold to $252 million

Val Nichas drives Spur’s five-year turnaround as revenue surges sixfold to $252 million, powered by network growth and integrated supply chains.

Omokolade Ajayi Omokolade Ajayi
Nigerian mogul Fidelis Ayebae
BusinessCompaniesHot News

Nigerian mogul Fidelis Ayebae’s Fidson wins license to supply antiviral across 129 countries

Fidson Healthcare, founded by Fidelis Ayebae, has secured a landmark Roche license to manufacture and supply a key antiviral across 129 countries.

Omokolade Ajayi Omokolade Ajayi
Nigerian business executive Bella Disu
BusinessCompaniesHot News

Bella Disu drives Abumet’s push into Nigeria’s high-value construction market

Bella Disu leads Abumet’s strategic push into Nigeria’s premium construction market following major facade delivery in Lagos.

Omokolade Ajayi Omokolade Ajayi