Mark and Brett Levy's Blu Label reports first half loss after Cell C spin off
Mark Levy Blu Label reported a first half loss after spinning off Cell C, though core operations remained profitable.
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Dangote calls for emergency power summit to save Nigeria’s $500bn economy
Africa's richest man, Aliko Dangote calls for urgent power sector reforms, saying stable electricity is key to Nigeria’s $500bn economy and industrial growth.
Billionaire Patrice Motsepe emerges in ANC succession talk after ARM shift and new polling
Patrice Motsepe’s move at ARM is feeding fresh ANC succession talk, with polling putting the billionaire ahead of party heavyweights.
Dangote Cement makes capital market history with first commercial paper listing on Nigerian Exchange
Dangote Cement has become the first company to list commercial papers on the Nigerian Exchange, marking a major milestone for Nigeria’s capital market and expanding funding opportunities for large corporates.
Dangote-backed IFC deal unlocks $20 million in loans for Ethiopian small businesses
Dangote plays a central role in a $10 million IFC initiative with Dashen Bank, designed to provide Ethiopian SMEs with access to $20 million in loans, fostering entrepreneurship and financial inclusion.
Billionaire Abdul Samad Rabiu donates $370,000 60-bed hospital to Nigerian customs
BUA, via ASR Africa, funded a N500m 60-bed hospital in Bauchi to support Customs personnel and surrounding communities.
Africa's richest man to fund $1 million scholarhips for Bayero University Postgraduate students
Aliko Dangote has committed N1.5 billion to support postgraduate business students at Bayero University Kano through a five year scholarship scheme.
Sterling HoldCo begins share allotment after oversubscribed $78.6 million offer
Sterling HoldCo starts allotting shares after raising $78.6 million in a public offer that was oversubscribed by investors.
Share price of FCMB surges near 52-week high after $13.9 million cross deals
FCMB shares rise toward a 52-week high after $13.9 million in cross deals drive heavy trading on the Exchange.
South African billionaire Mark Shuttleworth to pay $958 to Principe Island residents to protect biodiversity
South African tech billionaire Mark Shuttleworth is launching a cash stipend for thousands on Principe Island to reward environmental protection efforts.
Kenyan tycoon Zedekiah Bundotich Kiprop's logistics firm hit with $6.7 million debt ruling
Kenya’s High Court cleared I&M Bank to recover Sh864.7 million from Buzeki Enterprises, ruling a promissory note must be enforced as written.
Moroccan multimillionaire Chakib Alj moves to restart Forafric mills ahead of Ramadan demand
Chakib Alj is restocking Forafric’s mills in Meknes and Marrakesh ahead of Ramadan, tightening his grip on the debt hit flour producer.
Mark and Brett Levy's Blu Label secures major energy trading licence for BluEnergy
Mark Levy has secured a multi year trading licence for BluEnergy, strengthening Blu Label role in South Africa evolving power market.
eXp Realty hits 1,400 agents, breaks into South Africa’s top 3 agencies
eXp Realty says it has reached 1,400 agents in South Africa, making it the largest non franchised brokerage and the third biggest overall.
South African business titan Phuthuma Nhleko says Africa must rebuild confidence to meet 2050 growth test
Phuthuma Nhleko says Africa’s future hinges on a confident shared identity, warning demographics will outpace growth if mindset and institutions lag.
Aliko Dangote predicts naira could strengthen to N1,100 this year
Aliko Dangote says the naira may strengthen to N1,100 per dollar this year as reforms and reduced imports reshape Nigeria economy.