Elon Musk’s Starlink halts orders in Nigeria until price hike is approved
Starlink halts new residential kit orders in Nigeria, citing regulatory hurdles over its proposed price adjustments.
Lowe’s reports decline in sales amid economic uncertainty
Total sales totaled $65.12 billion, marking a 3.92% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Hani Berzi’s Edita Foods stake drops $11.6 million
Despite Edita's leading position in Egypt’s packaged snack market, its shares on the EGX have slipped into year-to-date losses.
Jim Ovia’s stake in Zenith Bank tops $130 million
Jim Ovia’s wealth soars, solidifying his position as Nigeria’s richest banker
Sanlam completes $66.4 million acquisition of MultiChoice insurance unit
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.
Palm Hills revenue tops $360 million in 9M 2024
Palm Hills Developments reports robust 9M 2024 performance, surpasses revenue expectations.
Dangote Cement to issue new bond series under $180.5 million program
The move aims to bolster the company’s financial strength and improve operational efficiency.
James Mwangi’s Equity Group stake nears $50 million
James Mwangi, Kenya's richest banker, solidifies his position with a 12.64% increase in Equity Group shares, boosting his net worth to nearly $50 million.
Alami Lazraq’s ADI stake now worth over $410 million
Over the past 11 days, Lazraq’s stake has gained MAD477.54 million ($47.72 million), boosting the market value of his stake to over $410 million.
IDH revenue reaches $83 million in first nine months of 2024
Revenue for the period grew from $61.54 million in 2023 to $82.76 million in 2024, a 9 percent increase.
Coty posts resilient Q1 2025 results; revenue hits $1.67 billion
The modest increase in revenue came despite a 1 percent foreign exchange impact and the divestiture of the Lacoste license.
Lowe’s launches $2.5-million relief fund for small businesses in Western North Carolina
Lowe's introduces $2.5 million initiative to expedite recovery for small businesses impacted by Hurricane Helene.
Brait reports $56.45-million profit in first half of 2025 fiscal year
Brait demonstrated notable resilience, with significant profitability and revenue growth.
Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
TFG takes on Shein, Amazon with faster delivery in South Africa
TFG aims to slash delivery times, setting itself apart from rivals whose shipments to South Africa often stretch to 10 days.
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.