NCBA Bank’s 3-percent profit growth in Q3 reaches $116.4 million
NCBA Bank reports a 3-percent profit growth for Q3 2024, reaching $116.4 million, driven by strong performance in Kenya and a focus on digital solutions.
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Vodacom’s $730-million deal faces appeal against block
Vodacom’s $730-million fiber network acquisition faces a critical appeal, with government and industry leaders backing the deal to accelerate digital infrastructure and create jobs in South Africa.
Invicta Holdings’ offshore expansion tackles market challenges despite $990,000 forex loss
Despite facing a $990,000 forex loss, Invicta Holdings reports steady revenue growth and continues its global expansion, with plans to generate half of its income outside South Africa by 2026.
Aig-Imoukhuede Foundation launches fourth cohort of public leaders program
The Aig-Imoukhuede Foundation’s latest cohort of the Public Leaders Program seeks to empower the next generation of African leaders, building on the success of alumni who are already transforming public sector services.
Rupert group challenges SA Rugby's $71.5-million equity deal with Ackerley Sports
Johann Rupert and local investors challenge SA Rugby's $71.5-million equity deal with Ackerley Sports, proposing an alternative that could reshape the sport’s financial future.
Devki Group faces legal challenge over $30.8-million tax dispute with Kenyan treasury
Devki Group’s $30.8-million tax dispute with the Kenyan government heads to court, challenging the revocation of tax exemptions and its impact on industrial growth.
Springfield E&P successfully completes Afina well appraisal, confirming high production potential
Springfield E&P’s successful Afina well appraisal confirms high production potential, paving the way for further commercial development in Ghana’s deep-water oil fields.
Richemont's rally lifts Johann Rupert's wealth to $13 billion
Johann Rupert stays South Africa’s richest as Richemont boosts his net worth to $13 billion.
Marvin Ellison’s Lowe’s shares grow by $37 million, now valued at $203 million
This boost further solidifies his position among the wealthiest Black CEOs in the U.S. and top-ranking Black executives globally.
LeBron James’ SpringHill lost nearly $30 million last year amid Hollywood woes
This comes despite James' net worth soaring past the $1 billion mark this year.
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.
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.