Acorn Holdings Africa, the Nairobi-based property development firm owned by Kenyan real estate billionaire Edward Kirathe,…
Category: Business & Opportunities
Mexico’s Richest Man, Carlos Slim Increases Talos Shares After Unexpected CEO Exit
Carlos Slim, Latin America’s richest person, increased his investment in Talos Energy Inc., a U.S. oil…
Equity Group to Raise Salaries for Female Employees
Equity business, East and Central Africa’s major financial services business led by Kenyan banker James Mwangi,…
Sue Nabi’s Investment in U.S. Beauty Giant Drops Below $300 Million
Sue Youcef Nabi, an Algerian-born French businesswoman and CEO of Coty Inc., has seen the value…
Egypt’s Khamis Family Set to Lose Almost $10M from Oriental Weavers Stake
Egypt’s Khamis family, a global carpet business leader, has suffered a nearly $10 million financial loss…
10 African Countries With The Lowest Import Cover
Import cover refers to a country’s foreign exchange reserves, which are defined in terms of how…
10 African Countries With The Slowest External Reserve Growth
The state of African countries’ external reserves influences their economic stability and growth. If the Federal…
Top Global Buyers of Agricultural Products in Africa
Agriculture is the heart and soul of many African countries, employing a large proportion of the…
China Promises $50 Billion For Africa Over Next Three Years
Chinese President Xi Jinping committed more than $50 billion in financing for Africa over the next…
Sanctioned Russian Central Banker Named To IMF’s Board
The current holder of the office announced on Tuesday that a sanctioned central banker will represent…
Dis-Chem Executive, Stanley Goetsch Sells $19 Million in Shares to Diversify Portfolio
Stanley Goetsch, a long-time executive director at Dis-Chem, has sold shares worth nearly $19 million, indicating…
Egypt: IDH Reports $51.4 Million in Revenue for the First Half of 2024
Integrated Diagnostics Holdings (IDH), a renowned healthcare services organization based in Cairo and led by Egyptian…
Egyptian Billionaire Samih Sawiris’ Company Strategically Sells Property for $6.8 Million
Orascom Development Egypt, a subsidiary of Swiss-based Orascom Development Holding (ODH), which is majority controlled by…
Palm Hills Records $225 Million in Revenue for the First Half of 2024
Palm Hills Developments, a Cairo-based real estate corporation led by Egyptian billionaire Yasseen Mansour, reported strong…
Canada GDP Up 2.1% In Q2
The Canadian economy expanded faster than predicted in the second quarter, thanks to increased public spending,…
Oil Giant Shell To Cut Hundreds Of Jobs
Shell, the British energy giant, plans to remove hundreds of jobs from its oil and gas…
Burger Vending Machine Founders Win $1.5M on ‘Shark Tank’ Despite Business Model Criticism
Audley Wilson is a co-founder of RoboBurger, which creates vending machines that serve personalized burgers. He…
Malawia’s Letshego Posts $11.2 Million Profit in H1 2024
Letshego Holdings, a subsidiary of the Botswana-based transnational financial services corporation partly owned by Malawian banking…
Kenya’s I&M Group Supports New Tatu City Facility
I&M Group, a leading financial services provider founded by Kenyan billionaire Suresh Bhagwanji Shah, has partnered…
Egypt’s Madinet Masr Signs $13.3 Million Development Contract
Madinet Masr, a leading real estate developer founded by Egyptian tycoon Abdallah Sallam, has signed a…
Egypt’s Ahmed Ezz Approaches Billionaire Status as Ezz Steel Shares Soar to $800 Million
Ahmed Ezz’s share in Ezz Steel has increased from $700 million to $807 million in just…