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The zone will be built to international standards and host a range of industries, including mining, engineering, chemicals, manufacturing, and food production.
Hisham Talaat Moustafa’s TMG shares hit $1.04 billion in value as the company’s stock climbs 8.72%, pushing market cap above $2.4 billion.
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
The initiative—intended to reset strained trade ties—was presented to President Cyril Ramaphosa ahead of his May 21 meeting with U.S. President Donald Trump.
The deal forms part of a broader $4 billion syndicated loan package aimed at refinancing earlier capital costs tied to the construction of the $20 billion refinery.
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
FirstRand, led by Mary Vilakazi, may raise provisions by $53 million after a UK court ruling on car finance commissions.
Dis-Chem founders lose $28 million as retail stock pressures hit Saltzman family’s holding on the Johannesburg Stock Exchange.
MTN Nigeria posts $1.55 billion H1 revenue, swings to $271 million profit on soaring data, fintech growth, and improved forex environment.
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
Oando to build $1.2 billion solar panel factory with Africa’s first recycling line, expand drilling, and raise $327.5 million for clean energy growth.
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
