Orascom Construction consortium powers ahead with Egypt’s largest wind farm expansion
The Ras Ghareb Wind Farm development project, reaffirms Orascom’s commitment to shaping a cleaner, more sustainable future for Egypt.
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Egypt’s Hassan Allam Holding secures $703.6 million financing for Suez Wind Farm
The $703.6 million financing package was provided by a consortium of financial institutions.
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Austin Avuru gains $51.1 million from Seplat stake in 2024
This comes despite the naira devaluation, reflecting the resilience of Nigeria’s energy sector.
Nassef, Samih, and Naguib Sawiris to get $13.3 million from Orascom Construction
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Kanye West reignites dispute with Adidas after $1.6 billion blow
West, also known as Ye, accused Adidas of “design theft and oppression” in a fiery Instagram post, signaling a potential new chapter in their contentious relationship.
Coris Bank approves $58 million loan for Orezone Gold's Bomboré mine expansion
Coris Bank has secured a $58 million loan for Orezone Gold's Bomboré gold mine expansion, positioning the bank as a key financier for West Africa's mining sector.
Capitec shuts accounts of Zimbabwean exemption permit holders, raising concerns
Capitec Bank's decision to close the accounts of Zimbabwean Exemption Permit holders has sparked widespread concern, complicating the financial stability of thousands amidst ongoing legal uncertainty.
Philanthropy Spotlight: Billionaire Donations During the Festive Season
This festive season, African billionaires are making significant charitable contributions, supporting causes in education, healthcare, and community development, and uplifting those in need across the continent.
Sasol faces worst annual drop amid scrutiny of emissions strategy
Sasol's stock plummets by 56 percent in 2024 as the company faces mounting pressure over its environmental strategy and heavy reliance on coal.
Optiva Capital targets $500 million investment in Nigeria’s hospitality sector
Optiva Capital Partners plans a $500 million investment in Nigeria’s hospitality sector, aiming to boost infrastructure and healthcare while targeting key cities like Lagos and Abuja.
Capitec Pay caps commission fees at $0.37, driving e-commerce growth
Capitec Bank's decision to cap Capitec Pay commission fees at $0.37 per transaction aims to support businesses and boost South Africa’s expanding e-commerce sector.
BUA Group clarifies refinery progress amid misleading reports
BUA Group dismisses claims of its Akwa Ibom refinery being 90 percent complete, emphasizing steady progress and reaffirming its commitment to energy security.
NCB Financial Group reports exceptional $139-million profit surge
NCB Financial Group's profit after tax skyrocketed by 179 percent, reaching $139 million, propelled by strategic shifts and the adoption of IFRS 17.
Thabet’s Juhayna stake hits $310 million despite devaluation of the Egyptian Pound
SafwanThabet, a top figure in North Africa's consumer goods sector, owns a 50.07 percent stake in Juhayna through Pharon Investments Limited.
Seplat seeks to raise output from 50,000 to 120,000 barrels per day by mid-year
As Seplat ramps up production, it aims to deliver long-term value to stakeholders while addressing Nigeria’s energy needs.