Geregu Power eyes $40 million quarterly revenue target for early 2025
Geregu Power, led by Nigerian billionaire Femi Otedola, targets $40 million revenue in Q1 2025 as it builds on robust 2024 performance.
Hot News
James Mwangi gains $17.6 million as Equity Group shares rise
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
Sibanye Stillwater sells Beatrix 4 shaft for $28 million to advance Beisa uranium project
The sale reflects a shift in the company’s strategy, prioritizing growth in sectors such as battery and precious metals, while monetizing its uranium assets.
Anton Pillay: Business leader at the helm of $37 billion South African asset manager
Anton Pillay leads Coronation Fund Managers, overseeing $38.7 billion in AUM, driving sustainable growth and ethical investment practices.
Chappal Energies completes $1.2 billion Equinor Nigeria acquisition
The Nigerian federal government approved the divestment on October 21, 2024, enabling Chappal to take control of ENEC through Project Odinmim.
Naira's slide cuts Abdul Samad Rabiu's wealth by $3.6 billion
This sharp drop has pushed him from fifth to sixth place on the African rich list.
Karooooo shares boost South African mogul Zak Calisto’s fortune by $398 million
Karooooo shares surge adding millions to South African tech mogul's wealth
Adrian Gore makes $147.4 million from stake in South African insurer
The value of his holdings has climbed by R2.57 billion ($147.37 million) since the start of the year, reflecting the stock's robust rally.
Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.
Waymo partners with British-Nigerian entrepreneur’s mobility startup for U.S. expansion
This collaboration marks a pivotal step in Moove’s U.S. market entry and is part of a broader strategy to build the world’s largest fleet.
Glencore, led by South African exec Nagle, targets Jamaican LNG acquisition
This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.
Vista Equity leads $800 million LogicMonitor investment
This investment reinforces Vista’s commitment to LogicMonitor’s continued growth and innovation.
Ackerman family sees $50-million gain from Pick n Pay stake
Pick 'n Pay shares on the JSE have delivered a remarkable year-to-date return of 31.46 percent, enriching shareholders with substantial stakes in the company.
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
NCB Financial targets $50-billion profits with ambitious cost-cutting plan
NCB Financial Group, led by Michael Lee-Chin, plans to double its profits to $50 billion, focusing on cost reduction and enhancing workforce skills to compete globally.
UBA targets Saudi Arabia for expansion by 2025
Pan-African bank eyes Middle Eastern growth as profits surge.