Stephen Saad’s stake in Africa’s largest pharmaceutical company sinks below $600 million
South African pharmaceutical tycoon Stephen Saad faces setback as Aspen Pharmacare shares decline.
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Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Safaricom contributes $7.6 billion to Kenyan economy
Kenya’s largest telecom operator reports significant job creation and social impact.
Dangote Cement revenue surges 69 percent to $1.56 billion in nine months
Pan-African operations drive growth; profit margins remain steady despite rising costs.
Italtile’s market performance boosts Giovanni Ravazzotti’s stake to $544 million
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
Equity Bank secures $20 million to boost financial access in Kenya’s refugee regions
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Savannah Clinker gains edge in Bamburi Cement takeover after Amsons, Holcim pullout
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
Transnet faces criticism over proposed tariff hikes amid port efficiency concerns
Transnet faces growing industry outrage over its proposed tariff hikes, with critics arguing that the company has failed to improve port efficiency despite demanding increases of up to 6.69 percent.
Dangote Oil Refinery begins direct petrol sales to oil marketers, skirts NNPC distribution
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
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.