Acorn Holdings completes $21-million green bond repayment
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.
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Datatec posts $30.2-million profit in H1 2025
This growth comes despite a 5.45-percent dip in revenue, which fell to $2.61 billion due to ongoing market challenges and currency fluctuations.
Suresh Bhagwanji Shah’s stake in I&M Group surges past $36 million
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.
Access Bank, led by Nigerian executive Chizoma Okoli, launches ‘Power of 100 Africa’ initiative to empower 100 female entrepreneurs
Access Bank introduces a groundbreaking initiative to support 100 female entrepreneurs across 16 African countries, reinforcing its commitment to women’s leadership and economic growth.
FCMB, led by Nigerian banker Yemisi Edun, launches new accelerator program to empower 350 women entrepreneurs
First City Monument Bank (FCMB) introduces the Fempreneur Accelerator program, designed to support 350 women-led small and medium enterprises (SMEs) in Nigeria, promoting economic growth and innovation.
MTN CEO Karl Toriola urges tariff hike to prevent telecom shutdown
MTN Nigeria CEO Karl Toriola has called for a tariff hike to address rising operational costs and prevent a potential service shutdown, as the telecom giant faces significant financial pressures amid Nigeria’s challenging economic environment.
Sasol shares drop over five percent amid production and operational challenges
Sasol shares dropped by over five percent following operational challenges and lower production volumes in the first quarter of FY2025, as the petrochemical giant grapples with phased shutdowns and market pressures.
Unilever Nigeria posts $63.7-million turnover as Africa's consumer demand soars
Unilever Nigeria reports a 46-percent year-on-year turnover growth to $63.7 million, driven by rising consumer demand for health and hygiene products, solidifying its leadership in Africa’s fast-moving consumer goods sector.
Salt tycoon Daniel McKorley seals marine logistics deal with GPHA for Volta River Terminal
Daniel McKorley, CEO of McDan Group, has signed a landmark deal with the Ghana Ports and Harbours Authority (GPHA) to manage the Volta River Terminal, boosting Ghana’s maritime trade and driving economic growth in the Volta Region.
Nigerian banking giant GTBank implements 40-percent salary hike amidst economic reforms
GTBank has increased employee salaries by 40 percent in response to Nigeria's economic reforms and rising inflation, reinforcing its commitment to staff welfare while maintaining its position as one of the country’s most cost-efficient banks.
Transcorp Hotels, led by CEO Dupe Olusola, reports 192-percent surge in pretax profit for Q3 2024
Transcorp Hotels, under the leadership of Dupe Olusola, has recorded remarkable growth, with a 192-percent jump in pretax profit for Q3 2024, solidifying its leadership in Nigeria’s hospitality sector.
Seplat Energy, founded by Austin Avuru, propels Nigerian equity market to $228-million gain
Seplat Energy led a $228-million rally in the Nigerian equity market, with its stock surging 9.99 percent and boosting investor confidence across the board.
Nedbank CIB's Zakhele Mayisa spearheads efforts to close Africa’s $100-billion infrastructure funding gap
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Capitec under fire for restricting crypto payments amid cost controversy
Capitec Bank faces mounting criticism over new crypto payment restrictions, with users voicing concerns about higher fees and questioning whether the move is more about profits than fraud prevention.
BasiGo secures $42 million to boost electric mobility across Sub-Saharan Africa
This investment includes $24 million in Series A equity funding and $17.5 million in debt financing.