South African businessman Christopher Seabrooke retires from Transaction Capital
Seabrooke’s decision to retire follows a series of transitions. In December 2022, he stepped down as the group’s independent non-executive chairman
Seabrooke’s decision to retire follows a series of transitions. In December 2022, he stepped down as the group’s independent non-executive chairman
Despite this setback, Calisto remains one of Africa’s leading tech entrepreneurs, underscoring Karooooo’s continued prominence in smart transportation management.
Despite a tough fiscal year, the group plans to reward shareholders with a proposed dividend of N7.38 billion ($4.9 million)
This setback comes after a previous gain of $5.6 million recorded between April 3 and May 20.
The maiden consignment, comprising 45,000 metric tons of jet fuel, embarked on its journey to Rotterdam, Netherlands, aboard the vessel “Doric Breeze” from the Lekki Free Zone in Lagos on May 27.
Eaton’s deepened partnership with Palantir under Craig Arnold is a step forward in the adoption of AI within industrial operations.
The recent sale aligns with a broader trend in the South African retail industry, where founding families reduce their control over companies.
The NNPCL announced on May 30, 2024, the formalization of an agreement that transfers ExxonMobil’s interests in Mobil Producing Nigeria Unlimited (MPNU) to Seplat.
The Maven Smart System aligns with the Pentagon’s CJADC2 initiative, aimed at improving decision-making and operational efficiency within the U.S. military’s Central Command area.
This recent slump compounds a previous loss of $7.91 million recorded between April 30 and May 16.
Customer deposits also climbed 14.47 percent to Ksh359.46 billion ($2.74 billion), reflecting the bank’s customer-centric approach.
In 2014, South African billionaire Christo Wiese sold Pepkor to Steinhoff International in exchange for a 20 percent stake in Steinhoff.
The new fund follows a successful $134 million raise in 2021, building on the firm’s impressive financial success in recent years.
The funding consists of a $200 million direct loan from IFC and up to $50 million mobilized through the managed co-lending portfolio program.
This move allows NCBA to enter the trustee services market, providing clients with more investment options and reinforcing its commitment to comprehensive financial services.
The increase in the market value of John Coumantaros’ stake reaffirms his position as a leading investor on the Nigerian Exchange