CEO Peter Ndegwa to deploy Kenyan staff to help boost Safaricom’s Ethiopia operations
The Ethiopian unit will have its own CEO, senior executives and management team.
Editorial Team
Air Liquide acquires world’s largest oxygen producer; CEO Benoit Potier says ‘key milestone’
Sasol is the world’s largest oxygen producer located in Secunda, South Africa.
Ahmed Ezz sees stake in Ezz Steel surge by $69.2 million after acquiring additional 33.4-percent stake
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
Stake of billionaire banker Michiel Le Roux in Capitec Bank earns $263.41 million in 85 days
The shares of the leading South African lender have increased by more than 20 percent since April 1.
Mining veteran David Brown quits as CEO of Zimbabwe’s state-controlled Kuvimba Mining House
The move could jeopardize the company’s future.
Egyptian billionaire Nassef Sawiris’ Fertiglobe joins Abu Dhabi blue ammonia project
The facility with a capacity of 1 million tonnes per annum.
Stake of Zimbabwean telecom mogul Strive Masiyiwa in Econet surges by $62.34 million so far this year
Econet Wireless Zimbabwe’s share price has risen by 187 percent since January.
Africa’s richest man Aliko Dangote moves to expand investments in Cameroon market
The group already has a 1.5-million-tonne cement grinding facility in the Francophone West African country.
Royal Family of Morocco’s stake in Attijariwafa Bank worth $5.07 billion
The bank’s share price has risen by 9.42 percent since Jan. 1.
Stake of Nigerian polyurethane tycoon Samuel Bolarinde gains $8.29 million in Vitafoam Nigeria Plc
Bolarinde led the company’s board between 2002 and 2013 after retiring as managing director and CEO in March 2002.
Africa’s richest man Aliko Dangote moves to tap into U.S., Brazilian fertilizer markets
Several weeks ago, Dangote launched a $2.5-billion fertilizer plant that produces three times more than local consumption.
Air Peace makes paradigm shift in Nigerian aviation industry, says owner Allen Onyema
The company recently added a new Embraer (E195-E2) to its commercial fleet.
Malawian banker Hitesh Anadkat to pocket $698,340 in dividends from FMB Capital Holdings
Founded in 1995, the company is Malawi’s first private bank.
Nigerian lawmaker who sought to extort billionaire Femi Otedola bags seven years in prison
Farouk Lawan sought and obtained a bribe from Otedola during a probe into an alleged fuel subsidies scam.
Trella completes $42-million Series-A funding round for MENAP expansion: CEO Omar Hagrass
The latest round involves $30 million in equity and $12 million in debt facilities.
Stake of Moroccan real estate tycoon Anas Sefrioui in Groupe Addoha gains $94.69 million in 21 days
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.