Nigerian tycoon Tony Elumelu's UBA posts $189.6-million profit in H1 2024
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
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Guided by U.S. investor-philosopher Jesse Michels, chess magnate and Africaphile Kirsan Ilyumzhinov re-emerges on world stage with Rome-Tirana tour in quiet return to high-level corridors
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Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Jonathan Oppenheimer calls for urgent red tape cuts in South Africa
Jonathan Oppenheimer urges South Africa to cut red tape and empower small businesses to drive growth.
Nigerian executive Chuka Mordi leads Ellah Lakes’ agro push with $163 million raise
Nigerian executive Chuka Mordi is steering Ellah Lakes toward regional agro-industrial dominance with a $163 million public offer.