Ade Adeyemi-led Ecobank Group posts $154 million in profits for H1 2021
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.
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Shares of Haresh Soni-led Nairobi Business Ventures see all-time high after Delta takeover
The company has staged the largest-ever short-term rally on the Nairobi Stock Exchange.
Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
Leading Nigerian angel investor Olumide Soyombo launches investment company Voltron Capital
Voltron is a pan-African VC firm helping tech startups on the continent access early-stage funding.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.
Ade Ayeyemi-led Ecobank partners with Microsoft, LinkedIn to empower SMEs across Sub-Saharan Africa
The bank will empower SMEs with digital skills to leverage online resources for business growth.
Aliko Dangote earns $1.6 billion as Dangote Cement shares surge to 39-month high
Shares in the leading cement manufacturer have been on the rise since June 1.
Why South Africa’s Brenthurst Wealth walked away from Sec 12J Investments
The curtain falling on Section 12J funds signals the end of a contentious era in the country’s investment industry.
Andile Abner Ngcaba’s Convergence Partners raises $250 million for Africa expansion
Convergence Partners focuses on enhancing Sub-Saharan Africa’s technology sector.
Ghanaian mogul Daniel Ofori earns $834,020 in dividends from stake in Ghana Commercial Bank
Ghana Commercial Bank is one of the largest banks in Ghana in terms of total operating assets.
Kamal Budhabhatti moves to launch ride-hailing service Little Limited in Ethiopia
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
Multimillionaire Mauritian Lagasse family gains $12.61 million from joint stake in IBL Limited
IBL is a world-class diversified conglomerate based in Mauritius.
James Mwangi’s Equity Group Foundation awards 10,705 Wings To Fly scholarships across Kenya
The successful recipients were selected from a host of 114,000 applicants.
Tycoon Egide Gatera acquires six-percent stake in Rwanda’s second-largest bank, I&M Rwanda
Gatera is a renowned investor with experience in the local and regional business ecosystem.
Zak Calisto’s Karooooo Limited posts $7.38 million in profits for Q1 2022, as earnings fall
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.
Stake of billionaire Strive Masiyiwa in Econet Wireless Zimbabwe Limited worth $121.13 million
Masiyiwa owns a total 52.85-percent equity stake in the publicly-traded company.