Africa’s first Black billionaire Patrice Motsepe’s ARM completes $3 million share purchase in Canadian firm
The acquisition marks a significant milestone for ARM, underlining its strategic move into high-growth potential mining ventures.
The acquisition marks a significant milestone for ARM, underlining its strategic move into high-growth potential mining ventures.
Sources within First Bank confirmed that the CBN credited the lender before revoking Heritage Bank’s license.
The recent move detailed a comprehensive recapitalization initiative designed to reduce the group’s net debt by $123 million, from $323 million to $200 million.
The tender offer will conclude on April 25, 2025, with regulatory results expected on April 29, 2025, as outlined in a combined circular released earlier this week.
This increase is attributed to a recent surge in the shares of the leading Moroccan bank on the Casablanca bourse.
Seabrooke’s decision to retire follows a series of transitions. In December 2022, he stepped down as the group’s independent non-executive chairman
Key Points: RCL Foods, a leading South African consumer goods and milling company backed by South Africa’s richest man Johann Rupert, has…
The $40 million transaction includes the entire share capital of RAK, which holds leasehold rights to The Cove Rotana Hotel, a 349-room luxury resort in Ras Al Khaimah.
This ambitious move follows its acquisition of Avafin, a Cyprus-based online lender with operations across Europe and Latin America.
The world-class research laboratory is one of many interventions under ASR Africa’s Tertiary Education Grants Scheme (TEGS), which is funded by ASR Africa’s $100-million Fund for Social Development and Renewal.
Despite this setback, Calisto remains one of Africa’s leading tech entrepreneurs, underscoring Karooooo’s continued prominence in smart transportation management.
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion ($1.1 billion) to EGP54.1 billion ($1.16 billion).
Despite a tough fiscal year, the group plans to reward shareholders with a proposed dividend of N7.38 billion ($4.9 million)
Oando’s average production for 2023 was 20,837 barrels per day, slightly up from 20,703 barrels per day in 2022.
This ambitious plan relies on bringing three marginal fields online within the next year. Lulu-Briggs unveiled the strategy at the recent Offshore Technology Conference (OTC) in Houston.
The new sneaker line has been a smash hit in its first six months on the market, drawing comparisons to the initial triumph of the Yeezy sneakers launched in collaboration with Kanye West.