Gideon Muriuki, CEO of Co-operative Bank of Kenya, purchased 14.6 million shares worth Sh173 million ($1.2 million) in the first half of 2023, boosting his ownership to a two-percent stake in …
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- AfricaAFRICA NEWSEastern AfricaKenyaKenyan News
- AfricaAFRICA NEWSEgyptNorth Africa
Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
by Editorby EditorThe passing of Egyptian billionaire businessman Mohamed Al-Fayed, the former owner of Harrods department store and father of the late Dodi Fayed, has ignited a fierce contest among his four …
- AFRICA NEWSMoroccoNorth Africa
Morocco’s King Donates $98 million to Earthquake Victims
by Editorby EditorKing Mohammed VI of Morocco has donated MAD 1 billion ($98 million) to a relief fund aiding victims of the Sept. 8 earthquake. The donation, which was made on Thursday, …
- AFRICA NEWSEgyptNorth Africa
Egyptian billionaire Ghabbour family suffers $26 million loss
by Editorby EditorThe Egyptian billionaire Ghabbour family has seen the market value of their equity stake in GB Corp slump by more than $26 million over the past 43 days due to …
- AFRICA NEWSBanking, Finance & InvestmentEastern AfricaKenyaKenyan News
Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
by Editorby EditorSan Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent …
- AfricaAFRICA NEWSBanking, Finance & InvestmentNigeria
7 institutions founded by Africa’s doyen of accounting, Akintola Williams
by Editorby EditorThe late Akintola Williams, Nigeria’s first chartered accountant and founder of Africa’s first indigenous accounting firm, Akintola Williams & Co. (now known as Deloitte & Touche), was a true icon …
- AfricaAFRICA NEWSWestern Africa
Nigeria, Benin Republic sign agreement to enable importers clear cargo from Cotonou port
by Editorby EditorThe Nigerian Customs Service (NCS) says it has entered an agreement with its Benin Republic counterpart to enable importers to clear their goods from the port in Cotonou. Adewale Adeniyi, acting comptroller-general …
- AfricaAFRICA NEWSMALAWISouthern Africa
IMF says Malawi economy stabilizing under Chakwera
by Editorby EditorThe International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
- AfricaAFRICA NEWSSouthern Africa
Zambia now good for investment, Kanyama tells ‘diasporans’
by Editorby EditorZAMBIA’S Ambassador to the United States of America (USA), Chibamba Kanyama, has called on Zambians living in the diaspora to leverage the stable macro-economic environment prevailing in the country and …
The Zimbabwean dollar has depreciated once more against all major currencies for the third week, falling to ZWL$4712.16: US$1 from ZWL$4604.62: US$1 three weeks ago. On both the official and …