Economy

KEY POINTS ICTSI to run Durban Container Terminal Pier 2 under a 25-year concession. Deal marks South Africa’s first major port concession. Investment expected to run into billions of rand …

KEY POINTS Cadyst Group acquires Grands Moulins du Cameroun and Grands Moulins du Congo. Regional banks back Tawamba’s expansion in flour and feed production. Integration of seven sites strengthens Cadyst’s …

KEY POINTS CIMKO plans $300 million expansion to double cement output by 2027. Investment incorporates eco-friendly technologies and community development programs. Groupe Rawji strengthens industrial footprint and employment in the …

Namibia has started a formal review of Starlink’s license applications, signaling a possible shift after ordering the company to stop operations earlier this year

KEY POINTS HCI sells The Point Mall for R943 million. Buyer faces penalties if transfer runs late. HCI deepens its Africa energy expansion strategy. Hosken Consolidated Investments has agreed to …

KEY POINTS Family Bank private placement attracts strong institutional interest. Family Bank private placement boosts capital buffers. Family Bank private placement supports regional expansion. Family Bank Limited has secured KSh8 …

Eterna has opened a $14.9 million rights issue as the company strengthens its finances and builds on a sharp profit rebound

El-Sewedy Indusstrial Development partners with Arabia Developments to build a major industrial zone in Egypt, enhancing local manufacturing and Qatar power solutions

KEY POINTS Richemont luxury sales rose $12.3 billion globally. Retail drove 70 percent of revenue growth. Heritage brands fueled Richemont luxury sales gains. Swiss luxury group Richemont reported sales of …

AXIAN teams with Mastercard to expand digital payment tools across Africa, adding mobile cards, merchant services and new financial features through Mixx and MVola