South African billionaire Michiel Le Roux’s Capitec Bank eyes international markets
This ambitious move follows its acquisition of Avafin, a Cyprus-based online lender with operations across Europe and Latin America.
Europe
Africa’s richest man Aliko Dangote’s refinery makes first jet fuel export to Europe
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.
7 Black British entrepreneurs you should know
In recent years, Black British entrepreneurs have forged a path of innovation and resilience in the business world.
Kanye West’s Yeezy sneakers return for second sale amid high demand
In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
Adidas rakes in $440 million in sales from Kanye West’s Yeezy sneakers
This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
South African mogul Neal Froneman-led Sibanye to spend $616 million on Finland lithium project
Froneman holds a 0.074-percent stake in Sibanye-Stillwater.
Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.