NCB Financial targets $50-billion profits with ambitious cost-cutting plan
NCB Financial Group, led by Michael Lee-Chin, plans to double its profits to $50 billion, focusing on cost reduction and enhancing workforce skills to compete globally.
Orascom Financial Holding reports $2.35-million Q3 loss as asset base declines
Orascom Financial Holding’s Q3 2024 financial results show a smaller loss compared to last year, but asset shrinkage and declining profits continue to challenge the company.
The 8 biggest donations by Patrice Motsepe: How he is building a legacy of impact
Patrice Motsepe’s transformative philanthropy showcases his commitment to addressing Africa’s pressing challenges, building a legacy of impact that extends far beyond his business success.
Ahmed Heikal: Visionary leader driving Qalaa Holdings' success and Egypt's economic growth
Ahmed Heikal’s visionary leadership has propelled Qalaa Holdings to the forefront of Egypt’s economic transformation, making a lasting impact on the country’s growth and development.
ASR Africa begins construction of $147,691 corrosion research center at FUPRE
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.
Zenith Bank opens Paris branch to boost expansion into Francophone Africa
Zenith Bank opens its new Paris branch, marking a major step in expanding into Francophone Africa and strengthening trade ties between Africa and France.
LeBron James teams up with Netflix for cooking show
LeBron James partners with Netflix for "Next Gen Chef," a high-stakes cooking competition set to debut in 2025, as Meghan Markle's culinary series faces delays.
Equity Group aims for 50 million jobs by 2030 with World Bank appointment
Equity Group CEO James Mwangi sets ambitious goal to create 50 million jobs in Africa by 2030, following his appointment to the World Bank’s High-Level Advisory Council on Jobs.
Airtel Nigeria names Dinesh Balsingh as new CEO
Airtel Nigeria appoints Dinesh Balsingh as its new CEO, bringing over 20 years of experience to lead the company’s next phase of growth and innovation.
Capricorn Group elevates Johan Maass to financial director to spearhead growth strategy
Capricorn Group announces Johan Maass as the new group financial director, elevating him to drive the company's strategic growth and financial health. With 14 years of experience, Maass is poised to lead Capricorn’s expansion efforts.
Access Bank seals deal for Standard Chartered units in Angola and Sierra Leone
Access Bank completes the acquisition of Standard Chartered's subsidiaries in Angola and Sierra Leone, strengthening its corporate and SME banking presence in Africa. The bank also eyes global expansion with a strategic stake in Mauritius' Afrasia Bank.
NCBA Bank’s 3-percent profit growth in Q3 reaches $116.4 million
NCBA Bank reports a 3-percent profit growth for Q3 2024, reaching $116.4 million, driven by strong performance in Kenya and a focus on digital solutions.
Vodacom’s $730-million deal faces appeal against block
Vodacom’s $730-million fiber network acquisition faces a critical appeal, with government and industry leaders backing the deal to accelerate digital infrastructure and create jobs in South Africa.
Invicta Holdings’ offshore expansion tackles market challenges despite $990,000 forex loss
Despite facing a $990,000 forex loss, Invicta Holdings reports steady revenue growth and continues its global expansion, with plans to generate half of its income outside South Africa by 2026.
Aig-Imoukhuede Foundation launches fourth cohort of public leaders program
The Aig-Imoukhuede Foundation’s latest cohort of the Public Leaders Program seeks to empower the next generation of African leaders, building on the success of alumni who are already transforming public sector services.
Rupert group challenges SA Rugby's $71.5-million equity deal with Ackerley Sports
Johann Rupert and local investors challenge SA Rugby's $71.5-million equity deal with Ackerley Sports, proposing an alternative that could reshape the sport’s financial future.