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Aliko Dangote, Africa's wealthiest individual, faces scrutiny as accusations surface about high sulphur content in diesel from his Dangote Petroleum Refinery. Despite a $20-billion investment, recent online reports claim that the diesel's sulphur levels exceed acceptable environmental s

MTN Nigeria, under the leadership of Karl Toriola, has been affected by the ongoing global stock market crash that began last Friday, impacting the Nigerian Stock Exchange (NGX) prominently. As of midday trading on August 5, the NGX All-Share Index recorded a 0.27-percent drop, and MTN

Abu Qir Fertilizers, under the leadership of the Egyptian executive Abed Ezz El Regal, has reported a downturn in profits and revenues for the fiscal year 2023-2024. The company, listed on the Egyptian Stock Exchange (EGX), logged a net profit after tax of EGP 9.16 billion ($5.725 milli

Taysir Microfinance, a key entity under the HORCHANI Group led by Tunisian tycoon Rached Horchani, will issue a debenture loan through a public offering. The goal is to raise $25 million (40 million Tunisian dinars). This move aims to support the company's microfinance activities and ex

MTN Uganda, the Kampala-based telecom operator partly owned by Ugandan tycoon Charles Mbire, reported a better-than-expected financial performance for the first half of 2024. Its revenue surged above $400 million, reflecting robust growth and strategic advancements. MTN Uganda's interim

Malawian tycoon Thom Mpinganjira has seen a significant increase in his wealth, with the market value of his stake in FDH Bank surpassing $210 million. This solidifies his position as one of Malawi's richest individuals, amid a buoyant performance in the bank's stock. According to data

MTN Nigeria, the largest telecommunications company in Nigeria led by leading business executive Karl Toriola, has acquired the remaining minority stake in its payment service unit, Momo Payment Service Bank Limited (MoMo PSB), for $4.4 million. This move makes MoMo PSB a wholly-owned subsidiary

Luanda-based conglomerate, OPAIA Group, founded by Angolan businessman Agostinho Kapaia, has been named a strategic sponsor in the recently signed $1.4 billion credit facility aimed at establishing a major fertilizer plant in Angola. The $1.4 billion funding, arranged by the African Exp

Cairo-based real estate leader Palm Hills Developments, led by Egyptian billionaire Yasseen Mansour, has announced the establishment of a new entity in Saudi Arabia. This move marks a significant strategic expansion beyond its traditional North African base, aiming to capture a substantial share