UBA expands, set to begin full operations in France
The deal positions UBA under the leadership of Tony Elumelu as a bridge between Africa and the broader global financial ecosystem.
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Gus Attridge's Aspen stake down $39 million so far in 2024
This corresponds to an 18.12 percent drop in Aspen’s stock price on the Johannesburg Stock Exchange (JSE) since the start of the year.
Lighthouse completes $72.6-million sale of Planet Koper mall in Slovenia
The sale proceeds from Planet Koper Mall aim to fund acquisitions in the Iberian market, a key focus of growth with stronger economic resilience and tourism-driven retail demand.
IHS Holding's market woes slice $14.83 million from Sam Darwish’s stake
Despite setbacks in 2024, the telecom sector's long-term growth potential offers hope, with Darwish's leadership crucial for IHS Holding's recovery.
Choppies enters talks to exit Zimbabwe operations
The potential deal seeks to streamline Choppies' operations and focus on profitable markets amid Zimbabwe's challenging retail sector.
Court decision frees Benson Ndeta from jail in $34.7-million fraud case
Ndeta was detained in Nairobi’s Valley Arcade area before being questioned at the Directorate of Criminal Investigations (DCI) headquarters.
Glencore to develop $116-million solar plant in South Africa
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
Cassava Technologies partners with eFinance to drive Africa's digital transformation
The partnership seeks to advance technological innovation across Africa, with an emphasis on enhancing financial inclusion and fostering innovation in the MENA region.
Letshego secures $15.8-million loan from Proparco for Botswana expansion
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
Sue Nabi’s beauty giant stake loses $150 million as shares decline
Despite 2024 setbacks, the beauty sector offers long-term growth potential, with Nabi's leadership crucial for Coty’s recovery.
MTN partners with ODC to revolutionize Africa's telecom landscape
This alliance will focus on developing Open RAN (ORAN) solutions tailored to Africa’s diverse telecommunications needs.
Jens Montanana's stake in Datatec jumps by $6 million
Datatec founder Jens Montanana sees $6 million boost, tech company's performance drives investor confidence.
Hassan Allam Construction lands Oman contract, strengthens regional reach
The firm will carry out refurbishment and construction work for the Al Ghubrah Pumping Station in Muscat, Oman.
Giovanni Ravazzotti's Italtile stake gains nearly $137.2 million
Despite market volatility, Italtile’s stock has shown resilience this year, consistently delivering value to investors.
Aliko Dangote plans major investment in Angola
This marks the latest phase in Dangote Industries' ongoing expansion as it looks to capitalize on Angola’s growing economy.
Capitec’s strong performance adds nearly $1 billion to Michiel Le Roux’s fortune
South African billionaire's net worth surges as bank shares hit record highs.