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Absa Group has announced the early retirement of its Group Chief Executive Officer, Arrie Rautenbach, effective from 15 April 2025. Following discussions with the Board, Rautenbach will step down as CEO and executive director of Absa Group and Absa Bank on 15 October 2024. He will then

Despite its financial struggles, Sasol is committed to reducing its environmental footprint. It's the second-largest emitter of greenhouse gases in South Africa, mainly from coal. By 2030, the company aims to cut emissions by 30%, reducing coal use by 40 million tons annually, replacing it with

Equity Group has appointed Moses Okoth Nyabanda as the acting managing director of Equity Bank Kenya, following Gerald Warui's early retirement. The Central Bank of Kenya must approve Nyabanda's appointment. This leadership change ushers in a significant phase of strategic growth and customer-fo

Nashat Fouda, executive director of Raya Data Centers, has led the formation of a strategic partnership with Beltone Holding. This collaboration aims to enhance Beltone's technological capabilities, ensuring the company can continue to grow with a robust and scalable digital infrastruct

Liquid Intelligent Technologies, a technology company owned by Zimbabwean billionaire Strive Masiyiwa, has inked a strategic partnership with American connectivity pioneer Globalstar to deliver cutting-edge 5G connectivity solutions across Africa, the Middle East, and the Gulf. The part

Bidco Africa, a leading manufacturer of fast-moving consumer goods (FMCG) in East Africa led by Kenyan tycoon Vimal Shah, has secured approval to acquire Suntory Beverage Food Kenya Limited, the company behind the Ribena and Lucozade brands in Kenya. The Competition Authority of Kenya (

Egyptian billionaire Yasseen Mansour, chairman of Palm Hills Developments, has seen a significant increase in his fortune in the past 15 days, due to the sustained surge in the shares of Palm Hills Development on the Egyptian Exchange (EGX) . According to data tracked by Billionaires.Af

Bravura Holdings, a mining company owned by pan-African billionaire Benedict Peters, has commenced the shipment of components for its Kamativi lithium processing plant. The shipment, arriving from South Africa's Manhattan Corporation, aligns with ongoing civil works for the plant's foundation an

Kakuzi Plc, an agricultural cultivation and manufacturing firm partly owned by Kenyan billionaire John Kimani, nearly tripled its first-half 2024 profits to $2.7 million, fueled by strong demand for avocado and macadamia products. The company's profit for the first half of 2024 surged b