Nigerian banking giant GTBank implements 40-percent salary hike amidst economic reforms
GTBank has increased employee salaries by 40 percent in response to Nigeria's economic reforms and rising inflation, reinforcing its commitment to staff welfare while maintaining its position as one of the country’s most cost-efficient banks.
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Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK
The UK's abolition of the 200-year-old tax status prompted Sawiris, Africa's fourth-richest person with a $9 billion fortune, to reconsider his options.
NICO, led by Malawian tycoon Vizenge Kumwenda, announces $6 million dividend
NICO Holdings, led by Malawian tycoon Vizenge Kumwenda, declares a $6 million interim dividend as 2024 profits surge over 130%, reinforcing its market dominance.
Centum, controlled by Kirubi family, cuts stake in Sidian amid cash call
The fresh funds are expected to boost Sidian’s lending capacity and sharpen its competitive edge against established rivals.
Italtile shares plunge: Giovanni Ravazzotti loses $83 million in just 8 weeks
Despite the decline, Ravazzotti remains a key player in South Africa’s retail and manufacturing sector.
