MTN Uganda posts $637.4 million revenue in 9M 2024
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).
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The 10 biggest donations by Femi Otedola: How he is building a legacy of impact
Otedola’s generosity has touched lives nationwide, with substantial donations spanning education, health, security, and economic empowerment.
Safaricom's CEO Peter Ndegwa earns $1.95 million in 2024 salary
This marks a 19.4 percent decline from last year's earnings of $2.42 million, primarily due to a 31.7 percent drop in the value of share-based awards.
El-Sewedy brothers lose $175 million after becoming Egypt's newest billionaires
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Top five companies led by Egyptian billionaire Mohamed Mansour
Mohamed Mansour, through his leadership of Mansour Group and various strategic ventures, has built a global business empire spanning industries such as automotive, heavy machinery, food services, and sports.
BUA Foods posts $647 million in revenue in nine months, doubles earnings
BUA Foods Plc, one of Nigeria's top food producers, reports a 104-percent increase in revenue to N1.07 trillion ($647 million) for the nine months ending September 2024, driven by strong demand for sugar, flour, and pasta amid challenging economic conditions.
MTN Nigeria posts $311.2-million loss in Q3 2024 amid forex volatility and rising costs
MTN Nigeria Communications Plc, led by CEO Karl Toriola, reports a staggering loss of N514.9 billion ($311.2 million) for Q3 2024, marking a sharp increase in losses compared to N14.9 billion ($9 million) in the same period last year, driven by foreign exchange challenges and rising expenses.
Zenith Bank reports $604 million in profit, nearly doubles earnings in Q3 2024
Zenith Bank, Nigeria’s leading financial institution, achieves a remarkable 99-percent profit growth, reaching N1 trillion ($604.3 million) in the third quarter of 2024, driven by robust interest income and strategic investments despite challenging economic conditions.
Tony Elumelu calls for stronger partnerships to revitalize Nigeria’s oil and gas sector
At the 3rd anniversary of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Tony Elumelu advocates for closer collaboration between international oil companies (IOCs) and local firms to address Nigeria’s energy challenges and boost production.
Daniel McKorley charts bold vision for African-led logistics transformation at CILT conference
McDan Group CEO Daniel McKorley calls for African ownership and innovation in logistics, sharing ambitious plans to reshape cross-border trade and build sustainable infrastructure across the continent.
Dangote Oil Refinery denies payments to IPMAN amid ongoing negotiations
The refinery specified that any referenced payments were processed through the Nigerian National Petroleum Company (NNPC) Limited, not directly to them.
Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
Femi Otedola drives parent firm of Nigeria’s oldest bank to $16 billion in assets
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
Turnstar holdings reports growth in 2025 interim results despite market pressures
Turnstar Holdings Limited (TURNST.bw), listed on the Botswana Stock Exchange, released its 2025 interim results, showcasing resilience despite market challenges.
Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations
Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining.