Safaricom seeks 'critical infrastructure' status for fiber network to save 500 million shillings annually
Safaricom is lobbying for its fiber optic network to be designated as critical infrastructure under Kenya’s 2024 bill, aiming to save 500 million shillings annually by reducing damages and service disruptions.
Latest
Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Orascom Development gets $155 million loan to support green tourism in Egypt
The loan comprises two tranches—$96 million and $57.3 million—aimed at financing green upgrades and unlocking growth potential in El Gouna.
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.