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Business Africa

Dangote Sugar Secures $356 Million to Cut Debt and Accelerate Local Production

Dangote Sugar Refinery has raised ₦486 billion ($356 million)...

Nathan Kirsh Crosses $20 Billion Mark as Sysco Deal Reshapes Africa’s Wealth Rankings

Eswatini based billionaire Nathan “Natie” Kirsh has crossed the...

Tinubu Courts Diaspora Capital as Nigeria Seeks More Productive Investment

President Bola Ahmed Tinubu has urged Nigerians living abroad...

Ayra Starr Expands Global Afropop Run With Third Album Starrgirl

Nigerian Afrobeats star Ayra Starr has released her third...

Trustar Nears $1.3 Billion Acquisition of Alibaba’s Gaming Business

Private equity firm Trustar Capital is nearing an agreement...

Telecom Subscribers Back New USSD Billing Model, Demand Improved Service Delivery

Mobile subscribers across Nigeria have expressed support for the newly adopted end-user billing model for USSD (Unstructured Supplementary Service Data) services, emphasizing the importance...

Beyond Sales: How Africa’s Elite Businesses Are Engineering Revenue Like Assets

Revenue is no longer just a byproduct of selling a product or service but a designed system, engineered to scale, diversify, and protect long-term...

Ecobank Shareholders Back Strategy and Governance at 37th Annual General Meeting

Shareholders of Ecobank Transnational Incorporated (ETI) have reaffirmed their confidence in the bank’s leadership and long-term strategic direction at the group’s 37th Annual General...

Tanzania’s NALA Eyes Rwanda as East Africa’s Regional Settlement Hub

Tanzanian fintech company NALA is establishing Rwanda as a central settlement hub for remittance transactions across East Africa. After receiving a Payment Service Provider (PSP)...

CBN Intensifies Oversight on Banks Under Regulatory Forbearance

As part of its commitment to preserving financial system stability, the Central Bank of Nigeria (CBN) has announced that commercial banks currently operating under...

KCB Group CEO Paul Russo Tops $1.9 Million in 2024 Executive Pay as Banking Sector Payouts Surge

Paul Russo, Chief Executive Officer of KCB Group, emerged as the highest-paid bank executive in Kenya in 2024, earning KES 250.2 million (approximately $1.9...

Airtel’s SmartCash Partners Leadway Assurance to Simplify Access to Motor Insurance

SmartCash Payment Service Bank, the mobile financial services arm of Airtel Nigeria, has entered into a strategic partnership with Leadway Assurance to provide motorists...

The Invisible Asset: Why Intellectual Property (IP) Is Africa’s Next Wealth Frontier

In today’s economy, the most valuable assets aren’t always tangible. For Africa’s leading entrepreneurs and investors, the next frontier lies in intellectual property—innovations, brands,...

Safaricom’s Ziidi Money Market Fund Faces Scrutiny Over Alleged Anti-Competitive Conduct

Safaricom’s recently launched Ziidi Money Market Fund (MMF) has come under regulatory and public scrutiny following accusations of anti-competitive behavior and potential data privacy...
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