Mondi Plc has announced its withdrawal from the £5-billion ($6.2 billion) bid to acquire DS Smith, a UK-based paper, packaging, and recycling …
Billionaires Africa
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Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, to distribute $15 million to shareholder
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 …
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Kenyan entrepreneur Tesh Mbaabu’s startup shuts down B2B distribution unit after $40-million fundraise
Kenyan entrepreneur, Mbaabu, CEO of MarketForce, cited challenging profit margins and a funding drought as primary reasons behind the decision.
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The recent decision to sell Transcorp Hotels Calabar exemplifies a wider consolidation trend within the Nigerian hospitality sector.
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The recent decision to ramp up operations, follows Dangote Refinery’s move to slash diesel prices in Nigeria, marking a substantial decrease from …
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This contrasts sharply with the $6.9-million profit he made between Feb. 14 and March 26 when the value of his I&M Bank …
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The loan, marking an increase from the previous year’s advances, underscores Co-op Bank’s steadfast support for Kingdom Securities.
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This recent setback comes on the heels of a previous surge in Ellison’s wealth between Feb. 20 and April 1, when his …
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Otedola’s focus on operational efficiency across his portfolio has fueled earnings growth and valuations.
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The new agreement with BET marks Perry’s latest expansion of his creative empire. This follows his October 2023 multimillion-dollar first-look deal with …