Tag: Companies

Mauritian conglomerate Medine
BusinessCompaniesHot News

Mauritian conglomerate Medine tops $4 million Q1 profit as sugar, safaris surge

Mauritian group Medine topped $4.09 million in Q1 profit, driven by strong sugar harvests and leisure gains despite a drop in property sales.

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Nigerian executive Fola Aiyesimoju
ExecutivesBusinessCompanies

Fola Aiyesimoju powers UAC of Nigeria to $16.3 million profit in 9M 2026

Fola Aiyesimoju led UAC of Nigeria PLC to a $16.3 million profit as revenue reached $388 million, driven by the CHI consolidation.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
CompaniesBillionairesHot News

Nigerian billionaire Aliko Dangote’s cement business posts $1.1 billion in 9M pre-tax profit

Dangote Cement’s nine-month pre-tax profit rose 41.5% to $1.1 billion as revenue climbed and debt was wiped out.

Omokolade Ajayi Omokolade Ajayi
Gauteng-based private equity leader Tomi Amosun
InvestmentsBusinessCompaniesHot News

Tomi Amosun-led Summit Africa backs South African agtech firm targeting $30.2B industry

Summit Africa acquires a 40% stake in Virtual Farmer, backing farm financing across Southern Africa’s $30.2 billion agricultural sector.

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South African property investment company Putprop Limited.
CompaniesBusinessHot News

South Africa’s Putprop hikes dividend despite $6.1 million loss

South Africa’s Putprop raised its full-year dividend by nearly 10 percent despite posting a $6.1 million net loss driven by property writedowns.

Omokolade Ajayi Omokolade Ajayi
InvestmentsCompaniesHot News

South Africa’s PIC expands Exxaro stake to 15.15% worth $560 million

South Africa’s PIC has increased its clients’ stake in Exxaro Resources to 15.155%, a holding worth about $560 million.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s 20 most valuable companies in September 2024

At a Glance South Africa dominates Africa’s top companies list, reflecting its economic and industrial strength on the continent. Naspers Limited leads as Africa’s most valuable company with a $36.2 billion market cap, showcasing global tech prowess. Of 20 top companies, 17 are South African, while Morocco, with a 3.4% GDP growth, highlights its rising economic influence. A glance at…

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