PSG Group records $37.1-million profit in H1 2024
Total income increased by 13.04 percent to $186.28 million, driven by improved customer activity and market-linked revenue streams.
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United Capital reports nearly $10-million profit for first nine months of 2024
Gross earnings surged by 60.87 percent, reaching N28.17 billion ($17.21 million) from N17.51 billion ($10.7 million) in the corresponding period of 2023.
Vunani Fund Managers launches first actively managed ETF on JSE
The AMETF's listing is a testament to Vunani's commitment to innovation and providing investors with valuable investment opportunities.
Jay-Z extends NFL deal as Roc Nation continues Super Bowl halftime show production
NFL Commissioner Roger Goodell confirmed the extension, emphasizing the positive relationship between both parties.
Sue Nabi faces $48-million drop in Coty stake amid share price decline
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in Coty slumps below $255 million.
Orascom Development Egypt secures $155-million loan from IFC
The financing will enhance the company’s financial stability and fund future expansion efforts.
Dangote becomes world’s 65th richest person as refinery boosts fortune to over $27 billion
His $20-billion refinery project aims to secure the nation's energy independence, though political corruption threatens to undermine his efforts.
Mauritius-based EAGH to acquire 86.5 million shares in I&M Group for $32.4 million
The transaction, valued at Ksh4.2 billion ($32.4 million), marks a significant shift in the region's banking landscape.
MTN CEO Karl Toriola leads $50-million initiative to revolutionize education with tech-driven solutions
MTN Nigeria’s $50-million initiative, led by CEO Karl Toriola, is transforming education with cutting-edge science labs, empowering students to build a tech-driven future.
Nigerian billionaires to pay $6.9 million annually for foreign-registered private jets
Nigerian billionaires may soon face $6.9 million in annual fees for their foreign-registered private jets, sparking fears that operators could relocate to neighboring countries, cutting off crucial revenue for the government.
Sterling One Foundation CEO Olapeju Ibekwe champions girls’ vision for a brighter future
Sterling One Foundation CEO Olapeju Ibekwe is empowering young girls with the tools to shape a better future, driving gender equality and innovation through key initiatives across Africa.
Enthoven family, founders of Nando's, backs Tortoise Media’s Observer bid
The Enthoven family, billionaires behind Nando’s, is backing Tortoise Media's ambitious bid to acquire The Observer, sparking debate over the future of centrist journalism.
Ahmed Ezz's stake in Cairo-based steel giant declines by $116.5 million
This loss reduces his total holdings to below $700 million. He remains the second-richest investor on the Egyptian Exchange and one of Egypt's wealthiest individuals.
Moove enters Mexican market in continued global expansion efforts
The startup, which aims to achieve profitability next year, is committed to empowering gig workers and promoting sustainable mobility in North America.
UBA CEO Oliver Alawuba’s stake tops $1.4 million after new acquisition
Alawuba, who leads one of Africa's most transformative financial institutions, continues to grow both the bank's operations and his personal fortune this year.
Global CEOs and leaders unite for $120-billion investment in Africa’s future
Global CEOs, leaders, and artists have united to urge G20 nations to raise $120 billion for Africa's development, aiming to drive economic growth and alleviate poverty across the continent.