Elsewedy Electric, an international cable and electrical equipment maker founded by Egypt’s El-Sewedy family, has signed…
Category: Business & Opportunities
Grindrod to Acquire Stake in Mozambican Terminal for $79.6 Million
Grindrod Mauritius, a subsidiary of the South African logistics and transport giant plans to acquire the…
OCI to Sell Methanol Business for $2.05 Billion
OCI Global, a major nitrogen and methanol producer led by Egypt’s richest man, has agreed to…
Truworths CEO Michael Mark Earns $11M in 10 Years Despite Weak Stock Performance
Despite recovering from the lows seen during the COVID-19 epidemic, Truworths International shares remain lower than…
Egyptian Billionaire Ahmed Ezz’s Steel Group Reports $460M Profit in H1 2024
Ezz Steel, a Cairo-based steel firm founded by Egyptian billionaire Ahmed Ezz, announced a profit of…
South Africa’s Sim Tshabalala Leads Standard Bank’s Offshore Expansion in Mauritius
Standard Bank, founded by South African banking magnate Sim Tshabalala, has established a new offshore banking…
Kenyan Businessman Peter Ndegwa Launches New Safaricom Airtime Plan To Lift Revenue
Safaricom, led by Kenyan telecom mogul Peter Ndegwa, has launched a ground-breaking service that allows consumers…
Smartvel Acquires Avuxi to Expand Destination Content and AI Capabilities
Smartvel, a travel content expert, has purchased Avuxi, a location-based travel service provider, for an unknown…
Kenya’s Bamburi Cement Receives New $193.7 Million Offer
Bamburi Cement, a renowned cement manufacturer in East Africa that is partially owned by Kenyan billionaire…
Zimbabwean Billionaire Strive Masiyiwa Boosts Cross-Border Service Capabilities in East Africa
Liquid Intelligent Technologies, a tech company controlled by Zimbabwean billionaire Strive Masiyiwa, has announced a substantial…
Apollo Signs $1 Billion Deal with BP to Fund Stake in Trans Adriatic Pipeline
Apollo Global Management has completed a US$1 billion contract with BP to fund its interest in…
Tencent’s Pony Ma Regains Top Spot as China’s Richest Person
Pony Ma Huateng, co-founder of Tencent, has returned to the top of China’s wealth rankings, becoming…
Kenya’s NCBA Bank Invests $5 Million in Cybersecurity
NCBA Bank, a subsidiary of the NCBA Group, a renowned financial services conglomerate owned by some…
Egypt’s Madinet Masr Unveils New Luxury Project in Mostakbal City
Madinet Masr, the real estate developer led by Egyptian mogul Abdallah Sallam, has announced the debut…
Egyptian Businessman Hani Berzi’s Edita Foods Shares Drop by $9.3 Million
Egyptian businessman Hani Berzi experienced a sharp decline in his wealth as shares of Edita Food…
Why Kenyan Court Stopped Indian Billionaire Gautam Adani’s Airport Lease Deal
Kenya’s High Court has temporarily halted a contentious request by Adani Enterprises, a part of the…
Egyptian Fintech Paymob Raises $22 Million
Paymob, the largest payments facilitator in the MENA area, founded by Egyptian IT entrepreneurs Islam Shawky,…
Brent Crude Falls Below $70 Per Barrel
Oil’s main international benchmark dipped below $70 a barrel on Tuesday for the first time since…
BMW Recalls 1.5 Million Cars Over Bad Brake, Cuts Outlook
BMW announced on Tuesday that it was recalling around 1.5 million vehicles owing to brake concerns…
Former Swedbank CEO Jailed For ‘Swindling’
On Tuesday, a Swedish court sentenced Swedbank’s former CEO to 15 months in prison for misrepresenting…