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QNB Group, the leading bank in the Middle East and North Africa, has announced a nine-month profit of $2.2bn, up 12.6% year-on-year – a period that also witnessed the $506m acquisition of a 23.5% stake in Togo-based pan-Af...

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Spending on IT in the Middle East and Africa – headed by the three core manufacturing countries of Saudi Arabia, South Africa and Turkey – is set to grow by 40% over the next five years according to the International...

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Atlas Mara Co-Nvest completed its acquisition of Commercial bank, a commercial subsidiary of the Development Bank of Rwanda (BRD), and appointed Konde Bugingo as its CEO. The Commercial Bank is a newly incorporated entity form...

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A local Ugandan employment agency in Uganda, HAM Property Services has partnered with Saudi Arabia Manpower Services (Smasco) to take two million Ugandans to Saudi Arabia for employment on limited two-year contracts in roles suc...

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A Bahrain resident has raised around $10,000 for the Daphne Lee Centre, a special needs centre in Klerksdorp, South Africa after completing the 70km Vietnam Mountain Marathon, which runs through valleys, rice fields, plantations...

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Somali troops backed by African peacekeepers have recaptured the last major port in Somalia held by the militant group Al Shabab, removing an awkward source of Gulf revenue from the rebels just a month after the death of Ahmed A...

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Uganda and the United Arab Emirates (UAE) are preparing to sign a double taxation agreement later this month to better facilitate trade between the two countries, Uganda’s ambassador to the UAE, HE Irene Florence Persis Wekiy...

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Dubai’s Abraaj Group, an emerging-market private-equity specialist, has bought a majority stake in Liberty Star Consumer Holdings (Libstar), one of the largest unlisted manufacturer and distributor of private label and own...

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Steven Miller, a US architect and senior VP at Shapoorji Pallonji, a 150-year-old Mideast and Indian construction company straddling Dubai and Mumbai, outlines the company’s African push, the opportunities in construction ...

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South Africa’s Nedbank has announced its acquisition of a 20% stake in Togo’s pan-African lender Ecobank Transnational for $493m, bringing its share in line with Qatar National Bank (QNB), which earlier acquired a 23...

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