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Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedola’s leadership, calling the project a testament to commitment innovation, and sustainable development.
By the end of next year, I&M Bank aims to reach 100 branches, further cementing its status as one of Kenya’s top-tier financial institutions.
The company’s growth was driven by increasing energy demand and strategic expansion efforts, reinforcing its position as a key player in Egypt’s energy sector.
The company reported lower revenue and profit for the second straight year, reflecting weaker refining margins and a challenging market environment.
The payout reflects the company’s commitment to rewarding shareholders while navigating economic pressures.
Bidvest posts higher profit, declares $86.9 million dividend as strong cash flow, resilient demand, and disciplined strategy offset economic headwinds.
“I will be here very soon,” Dangote said, addressing fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”
It has urged the government to take action, saying that crime has not only affected its operations but also increased costs related to security.
For Otedola, this is just the beginning. With the new headquarters underway, he is not just reshaping a bank—he is redefining the future of Nigeria’s financial industry.
This follows a sharp rise in the market value of his shares in Douja Promotion Groupe Addoha, marking a significant financial rebound for the seasoned investor.
This reinforces Fairtree’s commitment to investing in high-quality South African businesses while expanding its footprint in the country’s equity market.
The solid performance came despite a tough economic climate, driven by growth in its core businesses, customer acquisition, and steady global expansion.
The discussions follow failed rescue efforts and mounting financial pressure on the company.
Jannie Mouton’s Capitec Bank stake, which was valued at $1 billion on Feb. 26, has now dropped to $979.41 million.
Inside Africa’s richest man’s payday from his cement empire, Dangote Cement Plc.