Naspers, led by Koos Bekker, reports $3.4 billion in revenue for H1 2025
This highlights the group's strong financial performance and strategic execution under Bekker's leadership.
Latest
Anglo American secures $157.5 million Serpentina mine to bolster Brazilian presence
The deal, announced in February, solidifies Anglo’s strategic collaboration with Vale and positions both mining giants to enhance their production capacity.
Alami Lazraq’s stake in Moroccan real estate firm gains over $300 million
Lazraq’s stake, amounting to 11,414,630 shares, has gained MAD3.09 billion ($308.31 million) in market value since the beginning of the year.
Meet Nevine Sabbour: Trailblazing banker leading Egypt’s most valuable company
Nevine Sabbour became the first woman to chair Commercial International Bank (CIB) in September 2024, a historic first for Egypt’s banking sector.
Abdallah Sallam’s Madinet Masr signs $11.6 million deal for development project
This partnership underscores the company’s strategic focus on expanding its presence in Egypt’s high-growth real estate market through key collaborations.
U.S.-Nigerian telecom mogul signs $230-million deal to sell Kuwait tower business to Zain
The transaction, which is expected to close in the first half of 2025 pending regulatory approvals, includes 1,675 telecom sites and 700 managed locations.
Airtel Nigeria names Dinesh Balsingh as new CEO
Airtel Nigeria appoints Dinesh Balsingh as its new CEO, bringing over 20 years of experience to lead the company’s next phase of growth and innovation.
Capricorn Group elevates Johan Maass to financial director to spearhead growth strategy
Capricorn Group announces Johan Maass as the new group financial director, elevating him to drive the company's strategic growth and financial health. With 14 years of experience, Maass is poised to lead Capricorn’s expansion efforts.
Access Bank seals deal for Standard Chartered units in Angola and Sierra Leone
Access Bank completes the acquisition of Standard Chartered's subsidiaries in Angola and Sierra Leone, strengthening its corporate and SME banking presence in Africa. The bank also eyes global expansion with a strategic stake in Mauritius' Afrasia Bank.
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.
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.