MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
Hot News
Folorunsho Alakija: The billionaire oil tycoon redefining philanthropy and empowerment
From a groundbreaking oil venture to impactful philanthropic initiatives, Folorunsho Alakija’s journey is a testament to resilience, vision, and the power of giving back.
MNT-Halan enters UAE market with cutting-edge fintech solutions
MNT-Halan, Egypt's first unicorn fintech, launches in the UAE with its innovative financial super app, aiming to serve 250,000 customers by 2025 and boost financial inclusion across the GCC.
Aradel Holdings acquires 5.14-percent equity stake in Chappal Energies to strengthen its position in Nigeria’s energy sector
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.
Raya Holding secures $25 million investment to build advanced tier III data center in Egypt
Raya Holding has secured $25 million in funding to build a cutting-edge Tier III data center in Egypt, marking a key step in the country’s digital transformation and regional tech hub ambitions.
Sanlam Kenya shareholders approve $25.1 million rights issue to boost capital
This move aligns with the company’s broader strategy to improve its financial standing and long-term stability.
Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
Bidvest to sell banking business to Access Bank for $157.2 million
Bidvest Group to sell its stake in Bidvest Bank Holdings to Access Bank for $157.2 million as part of its financial services simplification strategy.
Bertina Engelbrecht: Business leader guiding $5.3 billion South African retail healthcare group
Bertina Engelbrecht leads Clicks Group to record profits as South Africa's first Black woman retail CEO.
Kessington Adebutu’s Wema Bank stake loses $2.73 million as naira depreciates
Adebutu’s holdings reflect broader economic challenges in Nigeria as Currency Depreciation Erases Gains Despite Wema Bank’s stock surge.
Africa's 5 most powerful women
Five African women made list of the World’s 100 Most Powerful Women, collectively influencing over a billion lives and wielding $33 trillion in economic power.
Mark Mason, one of America’s leading Black executives, pockets $14.49 million salary
Mark Mason’s $14.49 million pay reflects strategic leadership in Citigroup’s financial success.
Johan Burger’s FirstRand stake boosts fortune by $2.64 million
FirstRand has delivered modest returns since the start of 2024, with local investors seeing a 9.17 percent increase in share price.
Access Bank expands to Malta, strengthening Europe-Africa trade links
Access Bank's decision to establish a presence in Malta signals its broader push into key global markets, following the recent opening of its Hong Kong branch.
Zahid offers $1.3 billion for South Africa's Barloworld in acquisition bid
This underscores Zahid’s aggressive push to capitalize on Africa’s infrastructure boom amid global interest in the continent’s construction sector.
Ham Serunjogi: The fintech trailblazer transforming African payments
The visionary CEO of Chipper Cash is driving financial inclusion and reshaping Africa's payment landscape.