Ralph Mupita leads MTN Group to $2.6 billion revenue in Q1 2025
This impressive turnaround comes from growth across its key markets, particularly in Nigeria and Ghana.
Latest
Nigeria’s 7 richest royal families
Their businesses not only fuel the economy but also create jobs, foster community development, and drive inclusive growth.
Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake tops $50 million
Adebutu, who founded Premier Lotto, owns a 28.26 percent stake in Wema Bank through Neemtree Limited, amounting to 6,057,090,218 shares.
Stephen Brookes' Balwin posts $120 million revenue in 2025
Balwin posted $120.6 million in revenue for FY2025, down 6%, as rate cuts in H2 fueled an 8% profit rise despite sluggish apartment sales.
Eaton, led by Craig Arnold, plans $18.5 million aerospace facility expansion
The project targets rising military, aerospace, and space demand while strengthening Eaton’s role in critical infrastructure and growth industries.
Jaswant Rai to invest $43.3 million in recently acquired Nzoia Sugar
Kenya’s Jaswant Rai to invest $43.3 million in reviving Nzoia Sugar, aiming to modernize operations and boost cane development under a 30-year lease.
James Mwangi-led Equity Group seals $495 million deal for MSME
The strategic alliance is set to revolutionize financial access for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa.
Safwan Thabet's stake in Juhayna slumps below $300 million
Thabet has watched the value of his stake slump by $44.99 million over the past 26 days. His holdings are now worth around $260 million.
Mike Adenuga exports new Nigerian crude grade to international market
The Obodo blend is a medium sweet crude extracted from the onshore OML 150 block, operated by Continental Oil & Gas Limited, one of Conoil Producing’s units.
Electric giant led by Egypt's El-Sewedy family inks $274.7 million Qatar contract
Elsewedy Electric signs a $274.7 million Qatar deal to supply and install 132kV power cables, advancing Kahramaa’s grid and Qatar’s infrastructure goals.
South African banker Alan Pullinger gains $3.9 million from FirstRand stake
Pullinger, one of South Africa’s most respected banking executives, owns a 0.13-percent stake in FirstRand, equal to about 7.08 million shares.
Adegbite Falade-led Aradel commits $20 million to Chappal Energies acquisition
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
Charles Russon-led Absa secures $75 million to boost climate projects
Absa Bank Mauritius secures $75 million from France’s Proparco to back solar, waste, and green building projects aligned with Africa’s climate goals.
South African billionaire Michiel le Roux's Capitec Bank stake nears $2.5 billion
Michiel le Roux’s Capitec stake nears $2.5 billion after a strong share price rally on the Johannesburg Stock Exchange.
Norman Moyo-led Grid Africa, seals fresh deal to boost energy access in Africa
This collaboration aims to address the pressing energy deficit in Sub-Saharan Africa, where many nations struggle to meet escalating power demands.
Yasseen Mansour's Palm Hills books $1 billion in Q1 sales
Palm Hills, chaired by Yasseen Mansour, kicked off 2025 with $1 billion in Q1 sales, up 148%, driven by booming demand in New Cairo, Badya, and Alexandria.