Glencore, led by Gary Nagle, sets date to shut Mount Isa Copper Mine
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.
Hot News
Ahmed Ezz’s stake in steel company nears $1 billion
This marks a rebound from the previous month, when his stake had fallen below $970 million, signaling a strong recovery in his financial position.
Mike Adenuga warns MTN-Airtel deal could harm fair competition in Nigeria
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
Idrissa Nassa’s Coris Bank secures $7.6 Proparco guarantee to boost trade in Chad
Coris Bank secures $7.6 million guarantee to boost trade in Chad, addressing supply gaps and supporting local industries for long-term economic growth.
Aradel, led by Ladi Jadesimi, completes acquisition of Olo marginal fields
This strategic move strengthens Aradel’s upstream portfolio and advances its multi-field cluster development strategy in the Niger Delta.
Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
Fidson, led by Fidelis Ayebae, declares $1.49 million dividend for shareholders
The payout reflects the pharmaceutical group’s focus on rewarding investors following an impressive financial performance in 2024.
Ghabbour family stake in Cairo-based automaker nears $300 million
GB Corp. stock has risen 19.91% in the past five weeks, boosting the Ghabbour family’s stake value by $45.73 million.
South African tycoon Barry Stuhler’s Lighthouse declares $29.5 million dividend
This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.
Sibanye’s 89MW wind farm begins commercial operation under Neal Froneman
Sibanye-Stillwater, led by Neal Froneman, begins commercial operations at 89 MW Castle Wind Farm, advancing its renewable energy goals and sustainability efforts.
South African billionaire Rob Hersov to launch media empire
The entrepreneur aims to launch a platform like ‘The Daily Wire’ for South Africa, expanding his influence in media and politics.
Standard Bank, led by Sim Tshabalala, raises sustainable finance commitments to $24.5 billion
Standard Bank boosts sustainable finance to $24.5 billion by 2028, reinforcing its role in Africa’s energy transition while balancing climate goals with economic growth.
Nicky Oppenheimer, South Africa’s second-richest man, loses $800 million
The recent dip means Oppenheimer has lost $250 million year-to-date, reversing the $550 million gain recorded just 38 days ago.
OpenAI raises $40 billion, two months after Ogunlesi joins board
The funding is part of OpenAI’s broader push toward artificial general intelligence (AGI).
Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
Equity Group to reward Kenyan banker Mwangi with $4.2 million dividend payout
His stake in the lender, worth over $45 million, represents a 3.39 percent share in the leading financial services group.