NCBA Bank deepens commitment to Kitui with new branch, empowering local growth
NCBA Bank opens a new branch in Kitui, boosting financial access and empowering local businesses to drive economic growth in the region.
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Jumia reports $20-million loss in Q3 amid economic pressures
Jumia posts a $20-million Q3 loss but strengthens its financial strategy, targeting growth in high-potential African markets while expanding into underserved areas.
Standard Chartered and BII renew $350-million trade finance agreement to drive growth across Africa and South Asia
Standard Chartered and BII expand their trade finance partnership, injecting $350 million to boost economic growth across Africa and South Asia, with a focus on sustainable development and empowering small and medium-sized businesses.
Vodacom posts $4.1-billion revenue in H1 2024
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Sibanye-Stillwater secures wage deal with South African gold workers
The deal, announced on Monday, concludes negotiations that began on July 1, 2024, with labor unions representing workers at the Beatrix, Driefontein, and Kloof mines.
Madinet Masr’s net profit reaches $52 million as new projects fuel growth
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.
Mohammed Al-Amoudi’s wealth falls $1-billion amid asset revaluation, legal disputes
Ethiopia’s wealthiest man, Mohammed Al-Amoudi, lost over $1 billion in recent months, with his net worth dropping to $8.76 billion.
MTN strengthens fintech foothold in Nigeria with MoMo PSB buyout
Acquisition positions MTN for growth in Nigeria's expanding digital finance sector.
Richemont posts mixed Q3 results amid challenging global market conditions
Chinese demand slowdown weighs on overall performance, while other regions show resilience.
UK Court of Appeal clarifies ‘good arguable case’ standard for freezing injunctions
Landmark ruling provides consistency for international asset-freezing orders.
Isabel dos Santos condemns Angolan legal actions as politically motivated
Angolan authorities pursue charges; dos Santos claims political agenda.
Blackstone and Vista Equity acquire Smartsheet in $8.4-billion enterprise software deal
Blackstone and Vista Equity’s $8.4-billion acquisition of Smartsheet highlights booming demand for enterprise collaboration tools.
High Court blocks DCI raids on SK Macharia’s properties amid Directline Assurance dispute
SK Macharia halts DCI raids in court battle over Directline Assurance’s dissolution amid industry concerns.
Globacom names telecom expert Ahmad Farroukh as CEO to drive operational reform
Ahmad Farroukh steps in as Globacom's CEO to lead critical reforms and address urgent subscriber challenges.
UBA pursues $143.6-million rights issue for African expansion
UBA seeks $143.6 million in new capital to drive expansion across Africa.
Kessington Adebutu gains $3.2 million from Wema Bank shares
Over the past 53 days, the market value of his stake has increased by N5.45 billion ($3.26 million), fueled by a robust stock performance on the NGX.