Eaton posts $18.6 billion in sales in 9M 2024
Electrical and aerospace segments propel growth, vehicle sales lag, CEO Arnold confident as profitability rises 24 percent.
Hot News
Kenya’s Merali family faces $1.9-million decline from Sasini Tea shares
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
IHS Nigeria powers relief efforts with solar boreholes for Maiduguri flood victims
The boreholes, part of IHS Nigeria’s ongoing collaboration with UNICEF, are designed to help prevent waterborne diseases and mitigate health risks for flood-affected residents.
Access Bank expands to Hong Kong to boost Asia trade operations
The move into Hong Kong comes against the backdrop of escalating U.S.-China tensions and Beijing’s deepening ties with Africa.
Stephen Brookes’ Balwin stake soars above $20 million
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Amsons boosts shareholder engagement in $182.4-million bid for Bamburi acquisition
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.
Nascon reports mixed results amid revenue surge and profit decline
Despite revenue gains, net profit fell 18.64% to N8.96 billion ($5.45 million) due to rising costs.
Hisham Talaat Moustafa’s stake in TMG Holding declines by $105.5 million
This decline follows a previous gain of $89.6 million recorded between Sept. 16 and 29, when Moustafa’s stake rose from $1.25 billion to $1.33 billion.
MRS Oil Nigeria reports $151.4-million revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to N248.71 billion ($151.42 million), up from N100.88 billion ($61.42 million) in the prior-year period.
Access Bank gains approval to acquire National Bank of Kenya in $100-million deal
This move is designed to enhance Access Bank's footprint in Kenya’s burgeoning financial market, reflecting the institution's commitment to expanding its presence in East Africa.
Capitec restricts crypto transfers, pushes pricier Capitec Pay as fraud measure
Capitec Bank has blocked electronic funds transfers to cryptocurrency exchanges, urging clients to use its costlier Capitec Pay service instead, citing fraud prevention.
Airtel Africa extends tower lease agreements with American Tower Corp. for $1.2 billion
Telecom giant aims to stabilize costs and enhance sustainability in key African markets.
Adaora Umeoji, first woman to lead Zenith Bank, holds shares worth $2.2 million
Umeoji holds 91,710,123 shares in Zenith Bank, including 90 million directly and 1,710,123 through Palais Vendome Limited.
Access Bank plans dollar-denominated securities sale to fuel expansion, targets entry into U.S. market by 2026
Bank eyes African dominance and global market growth amid international bank pullbacks.
Vodacom faces regulatory setback in $790-million Maziv acquisition
Vodacom's Maziv deal blocked by Competition Tribunal. Regulatory hurdles stifle expansion plans.
Yasseen Mansour’s stake in Palm Hills tops $35 million
Mansour, who serves as chairman of Palm Hills Developments, holds a 10.83 percent stake in the company, representing 318,574,726 shares.