Egyptian billionaire Naguib Sawiris warns of potential real estate bubble amid economic challenges
Egyptian billionaire and Ora Developers Chairperson Naguib Sawiris has expressed concerns over the potential of a real estate bubble in Egypt.
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Strive Masiyiwa’s Cassava faces renewed debt scrutiny as Econet Zimbabwe plans to delist
Bondholders can’t touch Econet Zimbabwe’s cash, and now the telecom wants to leave the stock market, raising new questions about Cassava’s debts.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.