Trustco wins shareholder approval for $25 million stake in Legal Shield Holdings
The deal, which marks a major move for Trustco, will proceed as planned, with all conditions either met or waived.
Oriental Weavers expands treatment plant as part of sustainability push
The facility, which operates with four consecutive treatment stages, is capable of processing up to 1,250 cubic meters of wastewater per day.
Accelerate in talks to sell Cape Town’s tallest building, four other properties
These properties were reclassified from investment properties to non-current assets held for sale in Accelerate's recent financial results.
Kenya Airways trading resumes on Nairobi Exchange, ends decade-long profit drought
The NSE cited improved company performance and the withdrawal of the renationalization plan as key factors behind the reinstatement.
South African executive Gary Nagle sees $3.2 million decline in Glencore shares in 2024
The steep decline underscores the challenges confronting Glencore and its investors as the company grapples with market volatility and shifting global demand.
Landmark Africa shifts base from Lagos, eyes global expansion
The sudden demolition of the Landmark Beach Resort, widely criticized as chaotic and poorly managed, left the company scrambling.
Kenyan investor Baloobhai Patel gains from $98.2 million payout in Bamburi Cement takeover deal
Among the investors who benefited significantly is Kenyan tycoon Baloobhai Patel, who earned $15.5 million in just six months through his stake in Bamburi.
ArcelorMittal South Africa to wind down Longs steel division, impacting 3,500 jobs
ArcelorMittal South Africa to close longs steel unit, impacting 3,500 jobs amid rising imports and high costs.
Motsepe’s stake in Tyme soars to $600 million following record funding round
Tyme, which operates in Africa and Southeast Asia, in December raised $250 million in its Series D capital raise, pushing its valuation to $1.5 billion.
Beyoncé wins legal battle for Blue Ivy’s trademark
The trademark process began in 2012 when Beyoncé’s company, BGK Trademark Holdings LLC, filed the initial application.
Kenya’s Merali family records $1.95 million loss from Sasini shares in 2024
Although their stake declined, the family remains a key player in Kenya's agribusiness sector.
Raya Holding enters Saudi Market with $26.6 million Jarir partnership
This reflects the conglomerate’s ambition to broaden its regional presence and highlights its dedication to diversifying financial services across the Middle East.
Barry Stuhler's Resilient gets $57.1 million boost from Ninety One
Ninety-One acquires a 5% stake in Resilient REIT, signaling confidence in South Africa’s real estate investment sector.
Nigerian billionaire Mike Adenuga’s fortune grows by $700 million in 2024
Globacom remains the crown jewel of Adenuga’s empire, driving Nigeria’s digital transformation through substantial investments in network expansion.
South African tycoon Adrian Gore earns $1.7 million salary from Discovery in 2024
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Dangote Cement partners with Tetracore to boost auto CNG supply chain
The partnership is set to address the surging demand for CNG, driven by Dangote’s vast fleet and an expanding base of Auto CNG users nationwide.