Tag: Featured

Africa's most indebted nations in 2024
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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
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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
TechnologyHot News

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
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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
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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
Hot NewsBusinessTechnology

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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Nairobi Stock Exchange
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Top 25 most valuable stocks on Nairobi Stock Exchange

Shore Africa ranks the 25 most valuable stocks on the NSE, where Safaricom, Equity Group, and EABL dominate a $15.72 billion market shaping Kenya’s investment landscape.

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Egyptian Exchange
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Top 30 most valuable stocks on the Egyptian Exchange

Egypt's top 30 stocks dominate 71.57% of EGX’s market cap, spanning banking, real estate, consumer goods, and industrials, reflecting the nation’s economic strength.

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Tshepo Mahloele Capitec Bank stake
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South African tycoon Tshepo Mahloele’s Capitec Bank stake slips after $1.5 billion milestone

Tshepo Mahloele’s Capitec Bank stake fell $95 million in less than a month after hitting a $1.5 billion high, as shares declined 6.36% on the JSE.

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Cybersecurity
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Africa’s top 10 nations leading in cybersecurity

Africa’s top 10 cybersecurity leaders fortify digital defenses, combat cyber threats, and foster global partnerships to enhance resilience in the evolving digital landscape.

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