Dangote Oil Refinery begins direct petrol sales to oil marketers, skirts NNPC distribution
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
Acorn Holdings completes $21-million green bond repayment
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.
BasiGo secures $42 million to boost electric mobility across Sub-Saharan Africa
This investment includes $24 million in Series A equity funding and $17.5 million in debt financing.
Jens Montanana gains $3.5 million as Datatec shares climb
South African tech tycoon, Jens Montanana’s growing stake underscores his influence as a top investor in South Africa’s tech sector.
Grid Africa and Huawei collaborate on 72 MW solar plant for Zimbabwean mines
This collaboration aims to mitigate crippling energy shortages that have caused an estimated $500 million loss in mining revenues due to frequent power outages.
Raya Foods secures $40-million investment from Helios
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Eterna launches Jet-A1 fuel operations at Lagos airport
This strategic initiative represents a substantial expansion in the company’s aviation fuel services portfolio.
Heineken’s attempt to block $13.1-million payment to Kenyan tycoon Ngugi Kiuna fails
The court emphasized that the case revolved around the legitimacy of the termination notice, not constitutional interpretation.
Vantage finalizes $71.7-million debt investment in Camusat to enhance telecom services
The partnership between Vantage Capital and Camusat Holding aims to drive connectivity and sustainability across Africa.
Floyd Mayweather enters NYC real estate with $402 million affordable housing deal
Although Mayweather and Black Spruce have not issued public comments, the transaction is anticipated to be one of the largest multifamily housing deals in New York this year.
Oando targets 100,000 barrels of oil per day amid global expansion plans
Irune highlighted the company’s focus on deepening regional investments while working closely with local governments and host communities.
Flour Mills plans $1-billion investment in Nigeria over four years
The announcement follows a move by its majority shareholder, Excelsior Shipping Company, to buy out minority shareholders and take the company private.
Mauritius-based EAGH to acquire 86.5 million shares in I&M Group for $32.4 million
The transaction, valued at Ksh4.2 billion ($32.4 million), marks a significant shift in the region's banking landscape.
Moove enters Mexican market in continued global expansion efforts
The startup, which aims to achieve profitability next year, is committed to empowering gig workers and promoting sustainable mobility in North America.
Safaricom expands M-PESA platform to Ethiopia, boosting regional financial inclusion
The move aims to strengthen regional financial inclusion and boost economic activity across borders.
GB Corp’s financial unit receives approval to expand into debt capital markets
This milestone marks a critical step in the company's strategic move into the debt capital markets, broadening its range of financial activities as it seeks to diversify.