Tag: Business Africa

Eni Raises Share Buyback as Strong Oil Prices Drive Second Quarter Profit Growth

Italian energy major Eni reported a strong rise in second quarter earnings as higher oil and gas prices, increased hydrocarbon production and robust performance...

S&P Global to Acquire Majority Stake in Agusto & Co to Expand African Credit Ratings Business

S&P Global has agreed to acquire a majority stake in Agusto & Co, one of Africa’s leading indigenous credit rating agencies, in a strategic...

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...

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