Safaricom seeks 'critical infrastructure' status for fiber network to save 500 million shillings annually
Safaricom is lobbying for its fiber optic network to be designated as critical infrastructure under Kenya’s 2024 bill, aiming to save 500 million shillings annually by reducing damages and service disruptions.
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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
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Accelerate continues major sales following South African mogul Michael Georgiou’s exit
Michael Georgiou continues major property sales, raising R88 million as it trims debt post-Michael Georgiou departure.