-
Investors Demand Mentorship to Boost Kenya’s Startup Growth
•
Participants in the startup community are urging seasoned business owners to share their accumulated wisdom and expertise with emerging entrepreneurs, aiming to foster the long-term development of the nation’s startups. Data from the Kenya National Bureau of Statistics indicates that almost 500,000 new businesses cease operations within their initial year, largely because of factors…
-
Real Estate Firm Sees Revenue Soar to ₦554M: International Edition
•
SFS Real Estate Investment Trust has announced an expansion for the fiscal year 2024, showing a significant rise of 50.26 percent in net income, amounting to N477.09 million. On Tuesday, the company released a statement attributing this performance to consistent rental revenue, well-executed asset sales, and earnings from interests. The REIT’s gross income rose…
-
VFD Shareholders Greenlight $8.2M Dividend Payout
•
The shareholders of VFD Group Plc have sanctioned a dividend distribution of N3.17 billion during the firm’s 9th Annual General Meeting, which was conducted online in Lagos on Thursday. The sanctioned dividend amounts to N2.50 for each share. Furthermore, the shareholders agreed to a five-to-one stock dividend distribution, which the firm states exemplifies their…
-
Cherat Cement & Shirazi Investments Aim to Take Majority Control of Rafhan Maize
•
On May 9, Cherat Cement Company Limited (CCCL) along with Shirazi Investments (Private) Limited announced their plan to purchase up to 75.69% of the shares in Rafhan Maize Products Company Limited (RMPL). RMPL is among the biggest players in Pakistan’s agribusiness sector. The Manager of the Offer, Topline Securities, reported this development in an…
-
Ponzi Schemes: Illusions of Quick Riches – International Edition (English)
•
An age-old adage goes: “When falsehood puts on fresh attire, the credulous mistake it for reality.” In Nigeria, this deceptive narrative of quick and effortless riches has been adorned in countless guises—ranging from schemes like MMM to Racksterli, Loom to Ultimate Cycler, and most recently, CBEX. These ventures come dressed up with contemporary style,…
-
Money Expo returns to Muang Thong Thani
•
The Money Expo is back with a wide array of products and services for those pursuing financial prosperity at the Impact Challenger Hall 2-3, located in Muang Thong Thani, every day from 10 AM to 8 PM from May 15th through May 18th. Celebrated as the biggest and most inclusive financial and investment fair…
-
CIAA Seizes IPO Documents From Securities Board in International Edition (English)
•
Kathmandu, May 7 — On Wednesday, the Commission for Investigation of Abuse of Authority (CIAA) conducted a raid at the Securities Board of Nepal (SEBON)’s offices and confiscated documents related to 89 hydropower firms that were in the IPO application stage. This action came after accusations surfaced alleging that SEBON officials were soliciting commissions…
-
Derrick Bundi: Kenyan Innovator Leading His Company Across 7 Countries
•
Derrick Bundi’s enterprising nature emerged during his high school days when he made profits by reselling bread, and this eventually led to him establishing Pretium. He pursued his studies in Business Information Technology at Taita Taveta University and accumulated practical knowledge as a software engineer prior to co-establishing Pretium. Pretium currently functions across seven…
-
Growth Investment Partners and Maagrace Join Forces to Supercharge the Garment Industry
•
…investment will unlock job opportunities for over 1,000 Ghanaians Growth Investment Partners (GIP) Ghana Ltd, an investment platform established by British International Investment (BII), has announced an investment in Maagrace Garments Industries Limited (MGIL), a leading Ghanaian garment manufacturing company. The investment will finance the construction of a new production facility at MGIL’s premises…
-
Del Monte Kenya Approved to Acquire Full 100% Stake in Mananasi Fibre
•
CAK has approved Del Monte Kenya’s acquisition of 100% of Mananasi Fibre Limited, citing no threat to market competition Mananasi Fibre specialises in converting pineapple waste into textile-grade fibre, compost, and biochar, and will now be fully controlled by Del Monte CAK’s analysis found that the merger will not alter market structures or lead…