After selling Nigerian unit to Oando, Eni increases production at Baleine Field in Ivory Coast
The second phase, accelerated from its original late-2024 timeline, now produces 60,000 barrels of oil per day and 70 million standard cubic feet of associated gas daily.
Related
Ghana’s richest investor Daniel Ofori gains $2.9 million from GCB Bank stake in 2024
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.
Haldane McCall raises $1.6 million through Housing unit sales
This milestone underlines the company’s commitment to alleviating Nigeria’s housing deficit while balancing affordability and quality.
Nearly $20 billion added to the wealth of African billionaires in 2024
During the year, the list of African billionaires expanded from 25 to 27.
FCMB Group secures $95.2 million in oversubscribed public offer
The bank issued 19.8 billion new shares, priced at N7.3 ($0.005) each, bringing in over 39,000 new investors—underscoring rising interest in the bank.
Latest
MTN finalizes sale of Guinea operations, strengthening strategic focus
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.
Tongaat Hulett to sell Zimbabwe operations in $330-million deal amid currency woes
The deal will be executed via a debt-to-asset swap, a component of Tongaat's ongoing restructuring process.
South African businessman Christopher Seabrooke’s Sabvest stake hits $77 million in 2024
Christopher Seabrooke’s stake in Sabvest Capital grew by $10.57 million in 2024, reaching a market value of $77 million by year-end.
Beltone accelerates regional expansion with Baobab majority stake acquisition
This acquisition is set to accelerate Beltone’s growth strategy, centered on innovation, as the firm seeks to leverage advanced technologies like data science and AI.