Nedbank Settles $34.8 Million Legal Dispute with Transnet
South African banking group Nedbank, under the leadership of CEO Jason Quinn, has reached a confidential settlement with state-owned logistics ...
Tag: Featured
Absa Commits $100 Million to Power Africa’s Green Energy Transition
Johannesburg-based Absa Group, under the leadership of CEO Kenny Fihla, has pledged R1.7 billion ($100 million) to CrossBoundary Energy (CBE) ...
Ghana Cuts Benchmark Interest Rate to 18 Percent as Inflation Falls to four-year Low
Ghana’s central bank has trimmed its key interest rate for the third time in a row, signalling growing confidence in ...
Court Suspends $3.66 Million Tax Order Against Elumelu-Linked Abuja Power Firm
The Abuja Electricity Distribution Company has won a temporary respite in its long-running tax battle with the Federal Inland Revenue ...
Zenith Bank Eyes Kenyan Expansion as Paramount Bank Boosts Capital to $24 Million
Kenya’s Paramount Bank has strengthened its financial position ahead of a potential takeover by Nigeria’s Zenith Bank, pushing its core ...
Mo Dewji Secures AfDB Funding to Scale Tanzania’s Agro-Industry
Tanzania’s youngest billionaire, Mohammed “Mo” Dewji, has secured fresh backing to strengthen the country’s agricultural sector, after the African Development ...
Dangote Partners Honeywell to Boost Refinery Capacity to 1.4m bpd by 2028
Dangote Industries has signed a major agreement with Honeywell to expand its refining capacity to 1.4 million barrels per day ...
Naira Gains Ahead of 303rd MPC Meeting, Hits N1,452/$1
The Naira has recorded modest gains across the foreign exchange market, appreciating to N1,452/$1 on Monday, ahead of the highly ...
Egyptian Businessman Hani Berzi Sees $8.3 Million Gain in Edita Foods Stake
Egyptian businessman Hani Berzi has added $8.35 million to his fortune over the past 40 days, thanks to his controlling ...
Caverton Launches Recovery Plan After $36 Million Loss
Caverton Offshore Support Group Plc, founded by Nigerian magnate Aderemi Makanjuola, is implementing a groupwide overhaul to curb losses and ...
