Nigerian court orders banks to freeze accounts of Arise TV founder over $718 million debt
The injunction, stemming from an alleged $718 million debt owed to First Bank of Nigeria, also freezes their assets within the court's jurisdiction.
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MTN shares earn Ugandan executive $2.4 million in first 10 days of 2025
Ugandan executive Charles Mbire's MTN Uganda stake adds $2.4 million, reaching a record-high valuation of nearly $70 million.
Refinery owned by Africa’s richest person to add new tanks for crude oil imports
Dangote Refinery is boosting storage capacity by 41.67%, adding 6.3 million barrels to ensure a stable imported crude oil supply.
JP Morgan strengthens position in South Africa with $150.8 million Bidcorp stake
JP Morgan raises stake in Bidcorp by 1.92 percent, signaling confidence in South Africa's food service sector.
Egypt’s Hassan Allam Holding secures $703.6 million financing for Suez Wind Farm
The $703.6 million financing package was provided by a consortium of financial institutions.
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Austin Avuru gains $51.1 million from Seplat stake in 2024
This comes despite the naira devaluation, reflecting the resilience of Nigeria’s energy sector.
Nassef, Samih, and Naguib Sawiris to get $13.3 million from Orascom Construction
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Kanye West reignites dispute with Adidas after $1.6 billion blow
West, also known as Ye, accused Adidas of “design theft and oppression” in a fiery Instagram post, signaling a potential new chapter in their contentious relationship.
Coris Bank approves $58 million loan for Orezone Gold's Bomboré mine expansion
Coris Bank has secured a $58 million loan for Orezone Gold's Bomboré gold mine expansion, positioning the bank as a key financier for West Africa's mining sector.
Optiva Capital targets $500 million investment in Nigeria’s hospitality sector
Optiva Capital Partners plans a $500 million investment in Nigeria’s hospitality sector, aiming to boost infrastructure and healthcare while targeting key cities like Lagos and Abuja.
Capitec Pay caps commission fees at $0.37, driving e-commerce growth
Capitec Bank's decision to cap Capitec Pay commission fees at $0.37 per transaction aims to support businesses and boost South Africa’s expanding e-commerce sector.
BUA Group clarifies refinery progress amid misleading reports
BUA Group dismisses claims of its Akwa Ibom refinery being 90 percent complete, emphasizing steady progress and reaffirming its commitment to energy security.
NCB Financial Group reports exceptional $139-million profit surge
NCB Financial Group's profit after tax skyrocketed by 179 percent, reaching $139 million, propelled by strategic shifts and the adoption of IFRS 17.
Thabet’s Juhayna stake hits $310 million despite devaluation of the Egyptian Pound
SafwanThabet, a top figure in North Africa's consumer goods sector, owns a 50.07 percent stake in Juhayna through Pharon Investments Limited.
Seplat seeks to raise output from 50,000 to 120,000 barrels per day by mid-year
As Seplat ramps up production, it aims to deliver long-term value to stakeholders while addressing Nigeria’s energy needs.