Nigerian Breweries reports FX losses surging to $98.1 million amid naira devaluation
Surge in FX losses driven by currency devaluation and economic challenges.
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Eaton declares $374-million quarterly dividend amid record earnings
Eaton maintains a quarterly dividend of $0.94 per share following record Q2 earnings, underscoring long-term growth and shareholder commitment.
Stephen Saad’s stake in Africa’s largest pharmaceutical company sinks below $600 million
South African pharmaceutical tycoon Stephen Saad faces setback as Aspen Pharmacare shares decline.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Safaricom contributes $7.6 billion to Kenyan economy
Kenya’s largest telecom operator reports significant job creation and social impact.
Dangote Cement revenue surges 69 percent to $1.56 billion in nine months
Pan-African operations drive growth; profit margins remain steady despite rising costs.
Italtile’s market performance boosts Giovanni Ravazzotti’s stake to $544 million
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
Equity Bank secures $20 million to boost financial access in Kenya’s refugee regions
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Johann Rupert's wealth drops by $700 million in October amid Richemont stake decline
The decline is primarily attributed to fluctuations in his stake in Richemont, the luxury conglomerate that houses brands like Cartier and Chloé.
Savannah Clinker gains edge in Bamburi Cement takeover after Amsons, Holcim pullout
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
Transnet faces criticism over proposed tariff hikes amid port efficiency concerns
Transnet faces growing industry outrage over its proposed tariff hikes, with critics arguing that the company has failed to improve port efficiency despite demanding increases of up to 6.69 percent.
Dangote Oil Refinery begins direct petrol sales to oil marketers, skirts NNPC distribution
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
Acorn Holdings completes $21-million green bond repayment
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.
Datatec posts $30.2-million profit in H1 2025
This growth comes despite a 5.45-percent dip in revenue, which fell to $2.61 billion due to ongoing market challenges and currency fluctuations.
Suresh Bhagwanji Shah’s stake in I&M Group surges past $36 million
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.