Funke Opeke exits MainOne after $320-million deal as Equinix focuses on growth
Funke Opeke steps down after 14 years as MainOne's CEO following a milestone $320 million acquisition by Equinix.
Mohammed Dewji to close 2024 with $300-million gain despite headwinds
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
Palantir delivers $2-billion revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to $2.04 billion, up from $1.62 billion) in the prior year period.
Aga Khan IV's stake in Nairobi-based insurer Jubilee drops by $1.6 million
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
Anglo American divests $1.1-billion acquisition of coal mine interests in Australia
Zashvin is strengthening its position in Queensland’s coal sector by acquiring Anglo American’s minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines.
Kredit secures $18 million to boost financing for SMEs in Egypt
This funding is set to enhance Kredit's role within Egypt's expanding small and medium enterprise (SME) ecosystem.
Nicky Oppenheimer’s wealth jumps $1.5 billion
This boost solidifies his position as the second-richest person in South Africa and the 227th richest individual globally.
CI Capital completes $80 million bond issuance, setting record in Egypt’s non-banking sector
The six-tranche bond issuance is underpinned by assets from Tasaheel, which served as the originator of the portfolio.
MTN Uganda posts $637.4 million revenue in 9M 2024
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).
The 10 biggest donations by Femi Otedola: How he is building a legacy of impact
Otedola’s generosity has touched lives nationwide, with substantial donations spanning education, health, security, and economic empowerment.
Safaricom's CEO Peter Ndegwa earns $1.95 million in 2024 salary
This marks a 19.4 percent decline from last year's earnings of $2.42 million, primarily due to a 31.7 percent drop in the value of share-based awards.
El-Sewedy brothers lose $175 million after becoming Egypt's newest billionaires
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Dangote Oil Refinery denies payments to IPMAN amid ongoing negotiations
The refinery specified that any referenced payments were processed through the Nigerian National Petroleum Company (NNPC) Limited, not directly to them.
Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
Femi Otedola drives parent firm of Nigeria’s oldest bank to $16 billion in assets
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.