Femi Otedola drives parent firm of Nigeria’s oldest bank to $16 billion in assets
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
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Turnstar holdings reports growth in 2025 interim results despite market pressures
Turnstar Holdings Limited (TURNST.bw), listed on the Botswana Stock Exchange, released its 2025 interim results, showcasing resilience despite market challenges.
Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations
Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining.
Ezz Steel shares rebound, boosting Ahmed Ezz’s stake to $755 million
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
Eaton posts $18.6 billion in sales in 9M 2024
Electrical and aerospace segments propel growth, vehicle sales lag, CEO Arnold confident as profitability rises 24 percent.
Kenya’s Merali family faces $1.9-million decline from Sasini Tea shares
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
IHS Nigeria powers relief efforts with solar boreholes for Maiduguri flood victims
The boreholes, part of IHS Nigeria’s ongoing collaboration with UNICEF, are designed to help prevent waterborne diseases and mitigate health risks for flood-affected residents.
Access Bank expands to Hong Kong to boost Asia trade operations
The move into Hong Kong comes against the backdrop of escalating U.S.-China tensions and Beijing’s deepening ties with Africa.
Stephen Brookes’ Balwin stake soars above $20 million
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Amsons boosts shareholder engagement in $182.4-million bid for Bamburi acquisition
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.
Nascon reports mixed results amid revenue surge and profit decline
Despite revenue gains, net profit fell 18.64% to N8.96 billion ($5.45 million) due to rising costs.
Transcorp Power to boost Nigeria’s national grid by 150 megawatts
This is part of a broader strategy to combat the ongoing energy shortages that have long plagued the nation.
Hisham Talaat Moustafa’s stake in TMG Holding declines by $105.5 million
This decline follows a previous gain of $89.6 million recorded between Sept. 16 and 29, when Moustafa’s stake rose from $1.25 billion to $1.33 billion.
MRS Oil Nigeria reports $151.4-million revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to N248.71 billion ($151.42 million), up from N100.88 billion ($61.42 million) in the prior-year period.
Access Bank gains approval to acquire National Bank of Kenya in $100-million deal
This move is designed to enhance Access Bank's footprint in Kenya’s burgeoning financial market, reflecting the institution's commitment to expanding its presence in East Africa.
NCBA and Sanlam join forces to expand Kenya's life insurance with digital funeral and education plans
NCBA Group and Sanlam Life Insurance have launched new digital life insurance plans to improve access to affordable funeral and education coverage in Kenya.