Mfonobong Nsehe
Managing Editor at Billionaires.Africa
Articles
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Jan 8, 2025 |
billionaires.africa | Oluwatosin Alabi |Mfonobong Nsehe
Key PointsCoris Bank grants $58 million loan for Bomboré gold mine expansion. Loan aims to boost production capacity to over 170,000 ounces annually. Idrissa Nassa strengthens Coris Bank’s role in West African mining. Burkinabe Coris Bank, led by CEO Idrissa Nassa, has approved a $58 million (CFA 35 billion) loan facility for Orezone Gold to finance the expansion of the Bomboré gold project in Burkina Faso.
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Dec 2, 2024 |
billionaires.africa | Oluwatosin Alabi |Mfonobong Nsehe |Omokolade Ajayi
Key PointsInvicta Holdings reports steady trading but faces foreign exchange losses. Revenue grows 2 percent, but profit is impacted by rand volatility. Offshore expansion strategy remains intact despite tough market conditions. Invicta Holdings, led by South African billionaire Christo Wiese, has reported steady trading results for the six months to Sept. 30, 2024. However, its profits were affected by a foreign exchange-related loss as the South African rand strengthened against major currencies.
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Nov 14, 2024 |
billionaires.africa | Omokolade Ajayi |Mfonobong Nsehe |Feyisayo Ajayi
Key PointsIBL Group plans to sell 30.29% of AfrAsia Bank to Access Bank UK, enhancing Access's presence in Africa's financial sector. The transaction provides liquidity to IBL, supporting its expansion in East Africa and the Indian Ocean region. IBL’s revenue surged 96% in H1 2024, driven by strategic acquisitions in East Africa and Reunion, boosting its regional growth.
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Oct 24, 2024 |
billionaires.africa | Oluwatosin Alabi |Mfonobong Nsehe |Timilehin Adejumobi
Transnet — South African executive — Hot News — Michelle Phillips Transnet faces growing industry outrage over its proposed tariff hikes, with critics arguing that the company has failed to improve port efficiency despite demanding increases of up to 6.69 percent. This post is for subscribers only Subscribe now Already have an account? Sign in This post is for subscribers only Subscribe Already have an account?
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Oct 18, 2024 |
billionaires.africa | Oluwatosin Alabi |Mfonobong Nsehe |Feyisayo Ajayi
Key PointsDurban High Court issued an interdict halting Transnet’s deal with ICTSI for Durban Pier 2 after legal objections by APM Terminals. The deal faces structural criticisms, including Transnet’s control over labor and ICTSI’s limited decision-making power. Calls are growing for comprehensive port reform and competition to improve efficiency and reduce operational costs.
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RT @thinking_panda: The Art of the Deal China Edition. "Nobody knows vinegar/tariffs better than me"😂 https://t.co/9TLxxZJU2K
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Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK https://t.co/DEYk7lbsFP