Tag: Business Africa

Equity Group Profit Surges 39% as Pan African Banking Expansion Delivers Stronger Returns

Kenya’s Equity Group Holdings reported a 39% increase in first half 2026 profit before tax to KSh57.8 billion, as stronger income growth, improved asset...

Dangote Refinery Secures $1 Billion Backing as Landmark IPO Moves Closer

Nigeria’s Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering, strengthening the capital markets foundation for...

Ant Group Completes Paytm Exit as $309 Million Stake Sale Reshapes Ownership

China’s Ant Group has completed its exit from Indian digital payments company Paytm, with the final disposal of its economic interest linked to a...

ByteDance Attracts More Than $30 Billion in Orders for Landmark Bank Loan

ByteDance, the Chinese owner of TikTok, has attracted more than $30 billion in investor orders for a proposed jumbo bank loan, underscoring strong lender...

Standard Bank Eyes OPay Stake Ahead of Potential US Listing

Standard Bank Group is considering acquiring a stake in Nigerian fintech OPay ahead of a potential US initial public offering that could value the...

Hichilema Wins Second Term as Zambia’s Economic Recovery Faces New Test

Zambian President Hakainde Hichilema has secured a second five year term after winning the country’s August 13 presidential election, according to official results released...

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