Indian billionaire Sunil Bharti Mittal’s Airtel Africa unveils $100-million share buyback program
According to a recent statement by Airtel Africa, the share buyback program will commence immediately, spanning a duration of up to 12 months.
West & Central Africa
Nigerian energy tycoon ABC Orjiako’s Seplat Energy surpasses $1-billion revenue mark
In light of its impressive financial performance, Seplat Energy’s board of directors has proposed a final dividend of $0.03 per share, along with a special dividend at a rate of $0.03 per share.
South African billionaire Christo Wiese positive on Nigeria, predicts investors’ return
Wiese emphasized that the current withdrawal of foreign investors, including those from South Africa, is a temporary phenomenon.
Nigerian tycoon Tony Elumelu to list Transcorp’s Power assets on NGX, targets $1.1 billion market cap
The listing, scheduled for Mar. 4, aims to generate value for investors and signifies a pivotal move in the conglomerate’s commitment to creating value from its business units.
Femi Otedola’s First Bank reiterates commitment to empower FMCG distributors
FBN Holdings, led by Nigerian billionaire Femi Otedola, is doubling down on its commitment to supporting local businesses.
Cement company of Africa’s richest man Aliko Dangote records $282-million profit in 2023
Dangote Cement records impressive 19-percent surge in profit, delivers strong financial performance amid challenging economic environment.
Karl Toriola-led MTN Nigeria faces economic hurdles, reports over $80-million loss
Toriola attributes losses to currency devaluation, inflation, and higher operating expenses.
Nigerian billionaire Abdul Samad Rabiu’s cement company reports $284.4-million revenue in 2023
The recently published financial report highlights a remarkable 27.4-percent surge in revenue, rising from $223.2 million in 2022 to $284.4 million in 2023.
Ghanaian executive Selorm Adadevoh guides MTN Ghana to $1-billion revenue in 2023
The outstanding financial performance at the end of the 2023 fiscal year highlights Adadevoh’s impact at the helm of MTN Ghana.
Ghanaian tycoon Joseph Siaw Agyepong’s group to construct waste treatment plants in Lagos
Agyepong underscored the dire consequences of inadequate waste management, citing the spread of waterborne diseases and environmental degradation.
Cameroonian tycoon Paul Fokam’s bank bolsters local economy with $2.7 billion in 2023
The bank further solidified its position as a national market leader with a 19.2-percent market share in deposit collection and a 21.5-percent market share in credit at the close of 2022.
Nigerian tycoon Taiwo Afolabi’s cargo handling firm resumes operations after fire scare
Sifax Group’s official statement assures that the company’s robust backup plan ensured no data loss during the fire incident, minimizing any potential long-term impact on operations.
Nigerian-Lebanese billionaire linked to Sani Abacha gets approval to construct superhighway
The decision, made during a recent FEC meeting presided over by Nigerian President Bola Tinubu, follows the announcement by Minister of Works David Umahi five months ago.
Nigerian executive Yemi Ejidiran oversees Wemabod’s signing of $32-million bond
Ejidiran underscored the importance of the bond issuance program in rejuvenating Unity House and fostering residential development in Lagos’ central business district.
Tony Elumelu’s UBA commits to attracting investments in ECOWAS mining sector
The pledge was reaffirmed at the fourth ECOWAS Mining and Petroleum Forum in Cotonou, Benin.
Nigerian entrepreneur Affiong Williams’ firm launches $2.5-million dried-fruit processing plant
This initiative aligns seamlessly with Williams’ mission to empower underserved communities and reduce post-harvest losses, particularly in the realm of fruit production.