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Tony Elumelu: Champion Of African Development Honored Internationally
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The President of Gabon, General Brice Clotaire Oligui Nguema, has bestowed upon him the country’s distinguished national honors: the rank of Commander in the National Order of Gabonese Merit. This honor was awarded to Mr. Tony Elumelu, the Group Chairman of UBA Plc and the founder of the Tony Elumelu Foundation. This prestigious accolade…
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Tech Firm Greenlights $720M Takeover Bid From U.S. Company – International Edition (English)
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The Newry-based tech company FD Technologies has agreed to be acquired for £570 million by an American enterprise. The purchaser is TA Associates, a private equity firm based in Boston. Donna Troy, who leads FD Technologies, stated that the company’s board unanimously agreed the deal acknowledges the inherent worth of the enterprise and “provides…
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Real Estate Firm Sees Revenue Soar To ₦554M: International Edition
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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…
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Pwan Rejects Sec’S Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Luxury Brands In China Cut Discounts To Restore Value
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Balenciaga, Versace, Valentino, and their contemporaries are shifting strategies to highlight exclusivity and draw steady expenditures from affluent customers. Several high-end brands are reducing deep discounts in China with the aim of restoring their exclusive image to attract affluent customers whose purchasing power remains less affected by economic downturns. None of the items offered…
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Survey Reveals: European Companies In China Show Waning Business Confidence
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The president of the chamber of commerce states that companies have managed to reduce the immediate effects of heightened tariffs. Although European firms report that the immediate effect of the U.S.-China trade dispute on their activities in China has been fairly minimal, they express lesser optimism regarding near-future business prospects, as indicated by a…
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Singapore’S Top 6 Under-50 Billionaires Amass Nearly $20 Billion
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Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these individuals cumulatively possess $19.8 billion in wealth, as per Forbes’ 2025 rankings. Kishin RK, 41 Kishin RK, the founder and CEO of property developer RB Capital. The photo is provided courtesy of the World Economic Forum. Kishin RK, the lone…
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Perseus Mining Transfers Gh₵73M Dividend To State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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Book Review: Turn Leaves Into Gold – Secrets To Making Money Grow On Trees
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Tendai M. Shaba’s “How to Make Money Grow on Trees” serves as a financial guide focused on personal finance and investments, specifically designed for the economic landscape of Malawi but also tackling wider African issues. Shaba, a writer from Malawi who has studied business administration, applies his knowledge to explain financial ideas in a…
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Gip And Maagrace Join Forces To Supercharge The Garment Industry
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…this investment will create more than 1,000 new jobs. Growth Investment Partners (GIP) Ghana Ltd., a venture initiated by British International Investment (BII), has declared an investment in Maagrace Garments Industries Limited (MGIL), which is a prominent player in Ghana’s garment production sector. This funding will support the establishment of a new manufacturing plant…