Sanlam completes Assupol deal, boosts lead as Africa's largest insurer
Sanlam's acquisition of Assupol bolsters its footprint in South Africa and Africa, cementing its position as a dominant insurance player.
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Adani Energy signs $741 million power deal with Kenya amid controversy
This partnership is aimed at bolstering Kenya's power infrastructure and underscores Adani's expanding presence in Africa.
Egyptian brothers, Ahmed and Sadek El-Sewedy, emerge as Egypt’s newest billionaires
The rise in the El-Sewedy brothers' fortunes is attributed to an 80.6 percent increase in Elsewedy Electric's share price.
South Africa’s Sibanye ordered to pay damages over failed $1.2-billion Brazil mines deal
The court's decision comes on the heels of Sibanye’s failed acquisition of Brazilian nickel and copper mines, specifically the Santa Rita and Serrote assets.
Geregu Power’s profit more than doubles to $15 million in 9M 2024
Total assets rose 21 percent to N221.09 billion ($136.4 million), reflecting strong growth and strategic investments under billionaire Femi Otedola's leadership.