East Africa Growth Holding (EAGH), a Mauritius-based investment business, plans to buy 86.5 million new shares in I&M […]
Business & Opportunities
Ethiopia’s ‘Korale’ Recyclers Turn Waste Into Money
With a tattered bag on his back, Dereje Enigdamekonen trawled the endless alleyways of the Merkato market in […]
Business & Opportunities
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 management, as […]
Business & Opportunities
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 this year, […]
Business & Opportunities / Featured Posts
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 Dallas-Fort Worth […]
Business & Opportunities
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 performance in […]
Business & Opportunities / Technology
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 up with […]
Business & Opportunities
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 economic inequalities, […]
Business & Opportunities
Top 10 Most Valuable Currencies in Africa
Africa is home to a number of strong currencies, each with its own particular historical and economic context […]
Business & Opportunities / Jobs, Relocation, Scholarships & Travels
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 under the […]
Business & Opportunities
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 in Taaleem […]
Business & Opportunities
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 Incorp Limited, […]
Business & Opportunities
Standard Bank Strengthens African Infrastructure Investment Efforts
Standard Bank, a Johannesburg-based financial services company run by South African banker Sim Tshabalala, has partnered with Meridiam, […]
Business & Opportunities
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 for 13.63%, […]
Business & Opportunities / Editor's Pick
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 help stabilize […]
Business & Opportunities / Richest
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 in his […]
Business & Opportunities / Featured Posts
Africa’s Top Asset Manager Invests $494M in Neal Froneman’s Sibanye
The Public Investment Corporation (PIC), Africa’s largest asset manager, has bought a significant position in Sibanye-Stillwater, a mining […]
Business & Opportunities / Featured Posts
South African Billionaire Capitec Bank, Led by Michiel Le Roux, Posts $369.4M Half-year profit
Capitec Bank, one of South Africa’s biggest retail banks founded by billionaire Michiel Le Roux, reported a 36.8 […]
Business & Opportunities / Featured Posts / Richest
American Billionaire David Steward Overtakes Aliko Dangote as World’s Richest Black Person
David Steward, co-founder and controlling owner of WWT, has surpassed Nigerian tycoon Aliko Dangote and fellow American billionaire […]
Business & Opportunities
Protesters Demand End To Illegal Mining In Ghana
Hundreds of Ghanaians, most of them university students, protested on the streets of the capital city Accra on […]
Business & Opportunities
UK Clears $4bn AI Partnership Between Amazon, Anthropic
Britain’s competition regulator on Friday cleared Amazon’s investment of up to $4 billion in Anthropic, an American developer […]