Africa Economy

Dangote

Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four Years, Says Q1 Revenue Rise by 20.1% to N122.7bn

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company’s 18th Annual General Meeting (AGM) held yesterday in Lagos, just as […]

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Uba 24

UBA Employs 398 Across Africa In Youth Empowerment Graduate Programme, These Young UBA Graduates A Testament to Who We Are Says Elumelu

Africa’s Global Bank, United Bank for Africa (UBA), on Thursday, held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, […]

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Dangote Pet

Palliatives: Dangote Donates 80,000 bags of Rice to Lagos Residents, Dangote Prioritize Nigerians’ Welfare Above Profit-Sanwo-Olu

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of the over one million 10kg bags of rice that would be distributed to reach one […]

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In Continuation of Wigwe’s Legacy, Access Bank Seals Fresh Deal To Acquire National Bank Of Kenya

Access Bank Plc has entered an agreement with the Kenyan-based KCB Group Plc (“KCB”) for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The move is part of the vision of the late co-founder and former Group Chief Executive Officer, Herbert Wigwe. KBC is the holding company of KCB […]

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Elumelu

Tony Elumelu Foundation Sets to Unveil 2024 Beneficiaries of its Flagship Entrepreneurship Programme

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. The announcement will be made on March 22, 2024. The new beneficiaries will become the 10th cohort of the 10-year-long TEF Entrepreneurship Programme. The Tony Elumelu Foundation has […]

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Heirs Holdings  Launches Maiden Television Commercial On Bold Story of Transformational Investment in Africa

  Heirs Holdings has launched its irst-ever television commercial.  The newly released television commercial (TVC) showcases the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate, healthcare and technology sectors while highlighting its commitment to driving positive change and sustainable development across Africa and beyond. With its compelling narrative, the commercial is […]

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Efcc

EFCC Seeks Zenith, Providus, Jaiz Banks Assistance In Humanitarian Affairs Ministry Probe

  The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the Ministry of Humanitarian Affairs to the anti-graft agency. A source from the Agency confirmed that the bank Czars, departed the […]

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Aradel

Dangote Refinery Set for Production, Receives 6th Batch of 1m Crude Barrels January

Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the initial scheduled 6 million barrels […]

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Dangote Pet

In Reaction to EFCC Visit to Its Headquarters, Dangote Says Commission Only visited Didn’t Raid Office

Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations.   The foremost indigenous conglomerate in a statement disclosed that it received a letter […]

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BRI: NASENI, Chinese Companies Sign MoUs, Receives Letters Of Intent For $bn Investments

At a ceremony attended by Vice President Kashim Shettima (GCON) on Thursday, October 19, 2023, on the sidelines of the third Belt and Road Initiative (BRI) Forum in Beijing, China, the National Agency for Science and Engineering Infrastructure (NASENI) and new Chinese partners signed three (3) memorandum of Understandings (MoUs) for new projects valued at […]

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Cement Price

Dangote Cement Denies Running Sales Promo,Vows to Track, Prosecute Peddlers of Falsehood

Management of Dangote Cement Plc has denied reports, in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In response to what the conglomerate termed misleading report, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as mischievous, malicious, and false. He […]

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Cement Price(1)

Dangote Dismisses Cement Price Reduction, Says It Is Fake News

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