Tag: Business Africa

Dubai Financial Hub Surpasses 10,000 Companies as Global Business Demand Accelerates

Dubai International Financial Centre (DIFC) has surpassed 10,000 active registered companies for the first time, marking a major milestone in its ambition to become...

Barclays Adopts Wall Street Style Pay Model as Higher Bonuses Lift Compensation

Barclays is shifting to a more Wall Street style compensation model by increasing the share of performance based pay for senior investment bankers, giving...

Dangote to Donate One Third of Fortune as Family Backs Long Term Succession Plan

Africa’s richest man, Aliko Dangote, plans to dedicate one third of his personal fortune to charitable causes, with his family publicly supporting the commitment...

Malawi Installs First Utility Scale Battery to Strengthen Solar Power and Grid Reliability

Malawi has commissioned its first utility scale battery energy storage system, a 20 megawatt facility designed to store solar power and stabilise electricity supply...

Afreximbank and IDC Sign Three Year Deal to Deploy $8 Billion into South African Industry

The African Export-Import Bank (Afreximbank) and South Africa’s Industrial Development Corporation (IDC) have signed a three year Memorandum of Understanding to deploy $8 billion...

Angola Raises More Than $300 Million in Oversubscribed Unitel IPO

Angola has raised 300.3 billion kwanzas (about $329 million) after investors oversubscribed the initial public offering of a 15% stake in Unitel, the country’s...

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