Pick 'n Pay announces exit from Nigeria amid financial losses
South African retailer offloads stake amid challenging market conditions.
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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.
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.
Glencore, led by Gary Nagle, sets date to shut Mount Isa Copper Mine
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.
Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
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Belayneh Kindie ventures into Ethiopia’s electric mobility space with 100 e-buses
Ethiopian businessman Belayneh Kindie launches 100 locally assembled electric buses in Addis Ababa, advancing Ethiopia’s clean transit and electric mobility goals.
Marvin Ellison, one of America’s Black executives, loses $21 million from Lowe’s stake
This decline follows earlier losses from Jan. 27 to Feb. 18, when his stake fell $12.44 million, from $200.78 million to $188.34 million.
Burkina Faso's richest man starts construction of Gabon's $370 million airport
EBOMAF has also been tapped to lead the development of Libreville 2 — a brand-new city designed for smart living and sustainable growth.
Arnaud Lagesse's Phoenix acquires $80 million stake in Seychelles Breweries from Diageo
The agreement strengthens the relationship between Diageo and Phoenix Beverages—a subsidiary of the Mauritius-based IBL Group.
