Transcorp’s H1 2024 revenue surged 114%, reaching $110 million, driven by strong performance across key operating units.
Omokolade Ajayi
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Omokolade Ajayi
Omokolade Ajayi is a financial reporter at Billionaires.Africa. Previously, he worked as a journalist at Nairametrics. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. He has a degree in economics and is a certificate holder of the CFA Institute’s Investment Foundation Program.
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Africa’s richest man Aliko Dangote’s Dangote Cement posts $1.1 billion revenue in H1 2024
The company, 86-percent owned by Aliko Dangote, has transformed Nigeria from a cement importer to a regional exporter
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South African exec. Shameel Joosub-led Vodacom to spend $27 million on Cape Town connectivity expansion
The company plans to invest an additional R500 million ($27 million) in 2024-2025, bringing the total investment to over R1 billion ($54.4 …
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Transcorp Power, linked to Nigerian tycoon Tony Elumelu, posts $23 million profit in H1 2024
The power company’s profit soared to $23 million, marking a 233 percent increase from $6.9 million in the same period last year.
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Morgan Stanley picks Patrice Motsepe’s ARM among South African stocks to outperform cash, bonds
RMB Morgan Stanley forecasts strong returns for South African stocks, citing companies like African Rainbow Minerals and Northam Platinum.
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Peach Payments acquires Operativa, integrating its team to enhance technical architecture and expand payment solutions.
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Africa Golden Bank, founded by Cameroonian billionaire Samuel Foyou, begins operations in Douala
Africa Golden Bank begins limited operations in Douala ahead of its official launch, marking Foyou’s entry into the banking sector.
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The bidding war for the team involves numerous high-profile contenders, including the company that owns the Red Bull brand.
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Dangote cancels plans for a new Nigerian steel plant amid government monopoly accusations.
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MNT-Halan, Egypt’s first unicorn, has secured $157.5 million in a new funding round for regional expansion.