Kenya’s Safaricom Launches M-PESA in Ethiopia, Enhancing Financial Inclusion Across the Region

Safaricom, East Africa’s largest telecom operator led by Kenyan businessman Peter Ndegwa, announced on Monday the…

Aga Khan IV’s Nairobi Jubilee Holdings Investment Sees a $3.4 Million Boost

Shah Karim al-Husayni, popularly known as Aga Khan IV, has experienced a jump in the value…

Egypt’s Raya Holdings Seals $24.7 Million Deal to Fuel Expansion Efforts

Raya Information Technology, a subsidiary of Raya Holding for Financial Investment, the conglomerate owned by Egyptian…

EFG Hermes Completes $9.2M Bond Issuance Advisory for EFG Corp-Solutions

EFG Hermes Holding, a renowned financial services company in the MENA area managed by Egyptian banker…

Madinet Masr and Redcon Partner on $12.4 Million Investment in Egypt

Madinet Masr, a leading real estate developer led by Egyptian businessman Abdallah Sallam, has formed a…

Mauritius’ EAGH to Buy 86.5M I&M Group Shares for $32.4M

East Africa Growth Holding (EAGH), a Mauritius-based investment business, plans to buy 86.5 million new shares…

Ethiopia’s ‘Korale’ Recyclers Turn Waste Into Money

With a tattered bag on his back, Dereje Enigdamekonen trawled the endless alleyways of the Merkato…

Goldman Sachs Profits Up Almost 50% on Higher Advisory Fees

Goldman Sachs announced a profit increase Tuesday due to greater fees for debt underwriting and asset…

Global Public Debt Expected To Exceed $100tn This Year, Says IMF

The IMF said Tuesday that global public debt is expected to reach a record $100 trillion…

Roland Parrish Rises to the 2nd-Largest Black McDonald’s Franchisee, Nearing $125M in Revenue

Roland Parrish, the second-largest African-American franchisee of McDonald’s, has 24 restaurants in Dallas, TX, including the…

Medine Group Posts $25.9 Million Profit in FY 2024

Medine Group, a diverse Mauritian conglomerate led by the Doger de Speville family, reported strong financial…

TMG Holding and Huawei Partners to Launch Egypt’s First AI Cloud Services

TMG Holding, the Cairo-based real estate company led by Egyptian billionaire Hisham Talaat Moustafa, has teamed…

5 African Countries With The Lowest Salaries

Minimum wages are crucial for any region’s economy. They have a wide-ranging impact, including social and…

Top 10 Most Valuable Currencies in Africa

Africa is home to a number of strong currencies, each with its own particular historical and…

U.S. Increases Investment Requirements for International Entrepreneur Program

Beginning October 1, 2024, the United States (U.S.) will raise the minimum investment and revenue criteria…

Palm Hills to Buy Nearly $40 Million Stake in Taaleem

Palm Hills Developments, backed by Egyptian billionaire Yasseen Mansour, plans to buy a 29.6 percent share…

SA Fund Manager Seeks Investment in Mombasa-Based Ports Company

South African investment manager African Infrastructure Investment Managers (AIIM) is considering acquiring a controlling position in…

Standard Bank Strengthens African Infrastructure Investment Efforts

Standard Bank, a Johannesburg-based financial services company run by South African banker Sim Tshabalala, has partnered…

10 African Countries and Their Contribution to Africa’s GDP

According to an IMF report, Egypt had the highest percentage of Africa’s GDP in 2023, accounting…

10 African Countries With The Highest Debt To The IMF in Q3 of 2024

Although a big loan from the International Monetary Fund (IMF) can give essential financial support and…

South African Mogul Terrence Moolman Gains $9.2M from Rising Caxton Shares

Terrence Moolman, a well-known South African media magnate and multimillionaire investor, has seen a significant gain…