Tag: Business Africa

Otedola Nears 30% First HoldCo Stake With Fresh $9 Million Share Acquisition

Nigerian billionaire Femi Otedola has moved closer to a 30% ownership stake in First HoldCo, parent company of FirstBank, after acquiring another 95.7 million...

Porsche Turns to TCS in $1.46 Billion AI Partnership to Accelerate Digital Transformation

Porsche is deepening its push into artificial intelligence through a five year partnership with India’s Tata Consultancy Services (TCS) valued at €1.25 billion ($1.46...

MTN Unleashes $375 Million Buyback as Strong Half Year Profit Strengthens Investor Returns

MTN Group has approved a R6 billion ($375 million) share buyback programme after delivering a strong first half performance, with adjusted headline earnings per...

Nigeria Advances $2 Billion Satellite Expansion to Boost Digital Connectivity

Nigeria is moving ahead with the acquisition and deployment of NIGCOMSAT 2A and 2B, two next generation high throughput communications satellites designed to expand...

Mo Abudu Takes EbonyLife Place Global With London Launch Set for October

Nigerian media entrepreneur Mo Abudu is taking the EbonyLife Place concept beyond Nigeria, with EbonyLife Place London set to open in October 2026, as...

Niger Transfers Former Orano Uranium Mine to State Owned Company

Niger has transferred the assets of the nationalised Société des Mines de l’Aïr (SOMAÏR) uranium operation to a new state owned company, Teloua Safeguarding...

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