Pick 'n Pay’s Boxer subsidiary prepares for historic JSE listing
Discount grocery chain Boxer to launch IPO on Johannesburg Stock Exchange, aiming to raise substantial capital for expansion.
Hot News
Safaricom suspends advertising on Nation Media Group platforms amid critical coverage
Kenya's largest telecom halts ads on major publications following critical reports on data privacy practices.
Ecobank and Nium join forces to enable real-time cross-border payments in 35 African markets
Ecobank and Nium partner to bring real-time cross-border payments to 35 African markets, empowering businesses with faster, more efficient global transactions
Fidelis Ayebae’s stake in Fidson Healthcare falls to under $7 million
Fidson Healthcare founder, Fidelis Ayebae, sees major stake decline, but holds firm in pharma industry.
Shoprite Nigeria expands, opens new outlet in Benin City
This new store reinforces the company's strategic growth in Nigeria.
Giovanni Ravazzotti’s stake in Italtile nears $570 million as shares surge
Italtile’s market surge boosts Ravazzotti’s net worth by $24.82 million in just 15 days.
MDaaS begins Francophone expansion with new office in Cameroon’s largest city
This is part of the company’s strategy to broaden its presence beyond Nigeria to meet increasing healthcare demands across the continent.
Equity Group's nine-month profit rises 13 percent to $317 million
Regional subsidiaries contributed 49.78 percent of the earnings, reflecting the group's successful regional diversification strategy.
Morocco’s royal family’s stake in Attijariwafa Bank gains $1.08 billion in 2024
This highlights Attijariwafa Bank’s position as a leading North African financial institution and the royal family’s key role in the region’s economy.
Margins Developments launches $304-million residential resort in Cairo
The 35-feddan project marks the developer’s entry into luxury residential and hospitality.
Khamis family loses over $44 million from Oriental Weavers stake
This decline reversed a $17.05 million gain for the Khamis family between October 9 and 15.
Baraka Smiles Foundation launches $387-million campaign to transform oral health in Kenya
Baraka Smiles Foundation launches a $387-million campaign to bring essential dental care to Kenya’s underserved communities, aiming for "1 million healthy smiles" by 2027.
Minority shareholders demand governance overhaul at Oando Plc amid delisting concerns
Minority shareholders push for governance reforms at Oando Plc amid delisting uncertainties, seeking stronger protections and transparency to safeguard their interests.
BUA Industries secures $200-million facility from Afreximbank to drive expansion and industrial growth in Nigeria
BUA Industries secures $200 million from Afreximbank to accelerate expansion, boosting Nigeria’s industrial growth and self-sufficiency in key sectors.
NCBA Bank deepens commitment to Kitui with new branch, empowering local growth
NCBA Bank opens a new branch in Kitui, boosting financial access and empowering local businesses to drive economic growth in the region.
Jumia reports $20-million loss in Q3 amid economic pressures
Jumia posts a $20-million Q3 loss but strengthens its financial strategy, targeting growth in high-potential African markets while expanding into underserved areas.