Aliko Dangote, Zimbabwe sign $1 billion deal for 2,000km energy pipeline
The deal covers a new fertilizer plant and a 2,000-kilometer pipeline running from Namibia’s Walvis Bay port, through Botswana, to Bulawayo, Zimbabwe’s second-largest city.
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IFC proposes $15 million loan to Ayodele Aderinwale’s Justrite to accelerate expansion
IFC is considering a $15 million loan to Justrite to fund 25 new stores, boosting the Nigerian retailer’s nationwide expansion and supply-chain capacity.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake tops $50 million again
Yasseen Mansour’s Palm Hills stake rises above $50 million as renewed demand on the EGX lifts the real estate developer’s share value.
Jim Ovia, Nigeria’s richest banker, gains $37 million from Zenith Bank stake
Jim Ovia adds $37.2 million to his Zenith Bank stake as the lender’s shares surge on the NGX.
South African banker Mary Vilakazi-led FirstRand secures $310 million AfDB funding
FirstRand gains $310 million from AfDB to expand credit access for MSMEs, women entrepreneurs and farmers in South Africa.
South African tycoon Barry Swartzberg’s Discovery stake rises by $18.5 million
Barry Swartzberg’s stake in Discovery Limited rises by $18.5 million as shares gain 5.57% on the JSE, signaling renewed investor confidence in 2025.
Kenyan tycoon Gideon Muriuki-led Co-op Bank to pay $45 million interim dividend
Co-op Bank, led by CEO Gideon Muriuki, plans a $45.4 million interim dividend after stronger nine-month earnings and rising assets across its network.
Seplat, co-founded by Austin Avuru, raises crude production with 26 wells rehabilitated
Seplat boosts crude output by 33,000 barrels daily after reviving 26 wells, driving Nigeria’s oil and energy recovery.
Aliko Dangote launches $700 million plan to boost Nigeria’s sugar output
Dangote begins a $700 million sugar expansion aimed at boosting local output and cutting Nigeria’s import dependence.
Paystack suspends Nigerian co-founder Ezra Olubi as misconduct review grows
Paystack suspends Ezra Olubi as allegations of misconduct emerge, prompting a formal investigation by the company.
Vodacom, led by Shameel Joosub, partners with Starlink to expand Africa internet
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Skims, linked to Emma Grede, one of America’s richest Black women, hits $5 billion
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
Moroccan multimillionaire Alami Lazraq signs $320 million deal with Rixos to build luxury resorts
Alami Lazraq's Alliances Group has partnered with Turkey’s Rixos Hotels in a $320 million plan to expand Morocco’s high-end tourism footprint.
Patrice Motsepe eyes Assmang millions as ARM haggles over dividend
African Rainbow Minerals is still negotiating how much cash it can unlock from Assmang, its manganese and iron-ore JV, after profits slumped.