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Cassava Technologies, a leading pan-African technology firm owned by Zimbabwean billionaire Strive Masiyiwa, has officially unveiled Cassava AI as a distinct business unit dedicated to advancing its artificial intelligence (AI) initiatives. This strategic move aligns with the growing prominence

Flour Mills of Nigeria Plc, the agro-allied group based in Lagos and led by Greek billionaire John Coumantaros, posted a significant rebound in its financial performance for the first quarter of the 2024 fiscal year . The agro-allied group's revenue surged by 67.23 percent to N763.2 billion ($46

Sefalana Holding Company, a leading retail conglomerate led by Botswana retail tycoon Chandra Chauhan, has announced its most lucrative full-year dividend ever, setting a new benchmark in its financial achievements. The group declared a substantial dividend of 65 thebe per share, follow

Raya Electric, a subsidiary of Raya Holding for Financial Investment led by tycoon Medhat Khalil, has partnered with LG Electronics. Together, they aim to produce LG-branded home air conditioners in Egypt. This marks a significant development in the region's home appliances sector, adop

San Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian multimillionaire tech entrepreneur Olugbenga Agboola, has secured an Enhanced Category Payment Service Provider License from the Bank of Ghana, streamlining its operations and enhancing payment efficiency. The new

South African billionaire Johann Rupert has regained the title of Africa's richest person, surpassing Nigerian billionaire Aliko Dangote, according to the Bloomberg Billionaires Index . This marks a notable comeback for Rupert, who previously held the title briefly over a year ago . Rup

Britam Asset Managers Kenya Limited, a subsidiary of Britam Holdings and a prominent financial services conglomerate partly owned by Kenya's wealthiest investors has launched a new pension scheme for small and medium enterprises (SMEs). The Britam Ngao Umbrella Pension Scheme pools fund

United Capital Plc, the pan-African financial services group headed by Nigerian investment banker Peter Ashade, has announced a remarkable growth in its Assets Under Management (AUM) for H1 2024, posting a 31-percent increase year-to-date, reaching an impressive N152 billion ($197 million) as of

Zenith Bank Plc, led by Nigerian banker Jim Ovia, is launching a substantial capital-raising initiative, aiming to secure N290 billion ($181 million) through a rights issue and a public offer. This move aligns with the Central Bank of Nigeria's revised capital requirements for banks. Th