Tag: Featured

Sam Sithole
BusinessHot News

Sam Sithole: Sun International, Value Capital’s quiet strategist

Sam Sithole’s quiet leadership and sharp financial instincts have reshaped Sun International and Value Capital into pillars of South Africa’s corporate revival

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Libya's Central Bank
BusinessHot News

Top 10 countries with the highest Gross National Reserves

Gross national reserves shield currencies, bolster trade, and anchor economic resilience amid global shocks, sustaining investor confidence and policy space.

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MTN Group
BusinessHot News

Top 10 mobile operators in Africa

Africa’s top 10 mobile operators contribute 8% to the continent’s GDP, driving economic growth through digital services, mobile money, and financial inclusion.

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Edith Jiya
BusinessHot News

Edith Jiya’s ascent: Group CEO in Malawi to South Africa’s leadership

Edith Jiya, Old Mutual Malawi’s first female CEO, ascends to lead South Africa's Retail Mass Market, marking a milestone in African financial leadership.

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Africa's most indebted nations in 2024
BusinessHot News

Top 10 most indebted nations in Africa

Africa's external debt hit $1.15 trillion in 2024, with the top 10 nations accounting for 69% of the total, raising concerns about economic stability.

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Presco
BusinessHot News

Presco PLC posts over $50 million in earnings in 2024 as ownership transitions drive growth

Presco PLC posted a net profit of $50 million in 2024, doubling earnings as ownership shifted to Nigerian investors and revenues surged 103%.

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Eaton
Hot NewsTechnology

Eaton finalises $1.4 billion Fibrebond’s acquisition, eyes $110 million in 2025 EBITDA

Eaton completes $1.4 billion acquisition of Fibrebond, enhancing its power infrastructure solutions with a projected $110 million in adjusted EBITDA for 2025.

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Preem 1
Hot NewsTechnology

Swedish energy giant Preem commits $279 million to renewable fuel transition in 2024

Preem invests $279 million in renewable fuel expansion, cutting emissions by 700,000 tons in 2024 as part of its drive to slash carbon output 90% by 2035.

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BusinessHot News

Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

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Dangote Cement Factory
BusinessHot News

Nigeria’s Ogun State, set to become Africa’s largest cement-producing region

At a Glance Ogun State is on track to become Africa’s top cement-producing state or region, bolstered by the expansion of Dangote Cement, the continent’s leading cement producer. Africa’s richest man, Aliko Dangote, reaffirmed this vision during a visit to the $800 million Itori cement factory, which is expected to be completed by November 2026. Dangote Cement expands production in…

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Safaricom as premier
BusinessHot News

Safaricom nears $5.5 billion valuation, holds position as East Africa’s most valuable firm

Safaricom nears a $5.5 billion valuation, cementing its dominance on the Nairobi bourse as M-PESA expansion and Ethiopian growth fuel investor confidence.

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MTN
BusinessHot NewsTechnology

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

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