Aliko Dangote plans major investment in Angola
This marks the latest phase in Dangote Industries' ongoing expansion as it looks to capitalize on Angola’s growing economy.
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Capitec’s strong performance adds nearly $1 billion to Michiel Le Roux’s fortune
South African billionaire's net worth surges as bank shares hit record highs.
Transnet’s coal corridor shows improvement, but challenges persist
Despite progress in improving South Africa’s coal export corridor, Transnet Freight Rail faces ongoing challenges that hinder its ability to reach full capacity, with structural inefficiencies and underinvestment still weighing heavily on the network.
Fidelity Bank CEO acquires $141,794 in shares, signals confidence in future growth
Nneka Onyeali-Ikpe, CEO of Fidelity Bank, invests N239.4 million ($141,794) in the bank’s shares, reinforcing her belief in the institution’s strong financial performance and growth potential.
Access Bank denies missing $296,093, reaffirms commitment to ethical banking standards
Access Bank responds to viral allegations of missing funds, assuring customers and stakeholders of its continued adherence to ethical practices and financial transparency.
Safaricom receives approval to launch new investment scheme
This move is part of a broader strategy to expand its financial services outfit and foster greater financial inclusion across the country.
Anglo American to divest $527 million of Amplats as part of restructuring strategy
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.
Zepz teams up with dLocal after $267 million raise to boost cross-border payments
The partnership aims to tackle financial access barriers in Africa, Asia, and Latin America, where millions are excluded from traditional banking systems.
Alan Pullinger nets $1.95 million in year-to-date gains from FirstRand stake
This growing fortune reinforces his position as one of South Africa's wealthiest executives and among the top investors on the JSE.
FirstRand partners with Proparco to boost Intra-African trade
Collaboration positions FirstRand as first Southern African bank in Proparco’s Trade Finance Guarantee Program.
Christo Wiese sees $96.3 million rise in Shoprite stake this year
Wiese, a key architect behind Shoprite’s transformation into Africa's largest retailer, holds a 10.67 percent stake in the retail giant.
Orascom reports $2.32-billion revenue amid MENA slowdown
Orascom posted $2.32 billion in revenue, a slight decline of 1.92 percent from $2.37 billion in the same period last year.
Standard Bank and IFC partner to boost local currency lending across Africa
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.
Naguib Sawiris unveils new digital news platform targeting emerging markets
Sawiris launches Moniify, a Dubai-based digital platform delivering emerging market business and finance news from a local perspective.
Equity Insurance unit’s nine-month profit surges to $8.26 million, outpaces regional banking subsidiaries
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.