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Mukesh Ambani’s Reliance Industries gained about $10.5 billion in market value as shares jumped over 7% following a record $3.1 billion quarterly profit.
Bharti Enterprises founder Sunil Bharti Mittal, whose group controls Airtel Africa, has been named a Chevalier of France's Legion of Honour by Emmanuel Macron.
Indian billionaire Mukesh Ambani’s Jio Platforms plans to launch a $3.8 billion IPO on October 21, with shares expected to list on October 28.
Niger State handed Raj Gupta's African Industries 500 hectares to build what it calls sub-Saharan Africa's largest solar-powered steel plant.
The Indian telecom group has settled the swap it announced in May, folding a 16.3 percent block of its African unit directly onto its books.
Adani Group controls Tanzania's biggest container terminal and is eyeing South Africa's ports, but a US bribery indictment already derailed $2.5 billion in Kenya deals.
Varun Beverages is acquiring South Africa's Crickley Dairy for ZAR 238 million ($14.3 million), marking its first move into dairy products.
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
Sunil Bharti Mittal’s Airtel Africa targets partnerships, AI, and data centers to strengthen the continent’s digital economy.
Airtel Africa has broken ground on a 44-megawatt Nxtra data center at Tatu City, Kenya, to serve enterprises, government agencies, and global cloud providers.
Airtel Africa, led by Indian billionaire Sunil Mittal, posted $1.42 billion in Q1 revenue, driven by mobile money, data growth, and user expansion.
This clarification comes after a presidential adviser previously suggested that deals worth up to $1.3 billion had been finalized.
Indian billionaire Gautam Adani has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.