Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million

Thom Mpinganjira's FDH Bank stake loses $100 million as shares fall, even as the Malawian lender reports stronger earnings.

Timilehin Adejumobi September 12, 2026

Business Hot News

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco Saudi drug plant begins production in mid-2027 as Egypt's drugmaker expands manufacturing and weighs two African factories.

Timilehin Adejumobi September 12, 2026

Business Hot News

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance failures.

Feyisayo Ajayi September 12, 2026

Business Hot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi September 12, 2026

Business Global News

Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao September 11, 2026

Tag: Saudi Arabia

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

After Herbalife deal, Ronaldo buys into Saudi-backed Spanish club

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

Rwanda secures $80 million to expand financing for small businesses

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

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