
Mary-Ann Musangi’s HACO Industries completes second phase of solar expansion
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
The approval marks a milestone in the company’s transition from public to private ownership, ending its over 80-year run on the JSE.
Nicky Oppenheimer’s net worth surged $2.1 billion to $12.2 billion, reversing the earlier dip near $10 billion.
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."
While details of their conversation were kept private, aides on both sides confirmed the visit, with Adenuga returning to Lagos that same evening.
The Nairobi-listed lender said its systems helped avert an additional Ksh334 million ($2.59 million) in potential losses.
The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africa’s expanding digital landscape.
The group invested $5.9 million through its wholly-owned unit, Britam Life Assurance Company (Kenya), to acquire a 30 percent stake in Continental Re Kenya.
According to Forbes, which recently updated its estimate of her net worth, Rihanna’s wealth has dropped from $1.4 billion to $1 billion.
NCBFG, led by Michael Lee-Chin, plans a $300 million bond to repay debt and boost sustainable growth. Fitch rates it B+.
Since the start of the year, the market value of this stake has fallen by $23.6 million, driven by a slump in the company’s share price.
The shift underscores evolving global trade dynamics and Nigeria’s urgent need to stabilize fuel production.
JP Morgan’s Thungela stake drops to $47 million despite raising its holding, as coal prices retreat and investor sentiment shifts amid global energy transition.
Steph Curry’s Thirty Ink generated $174M revenue in 2024, driven by profitable divisions and Under Armour partnership.
Lake Gas, led by Ally Awadh, lands Nigerian LPG at Kenya’s Vipingo terminal to lower prices and boost East Africa’s clean energy supply.
The decline reflects ongoing investor caution and broader market volatility affecting emerging-market telecom stocks.