TMG Secures EGP 11 Trillion Deal for Egypt Urban Projects
Talaat Moustafa Group (TMG), led by Hisham Talaat Moustafa, has secured an EGP 11 trillion deal with the Egyptian state for four mixed-use projects, sending its shares soaring.
Category: Companies
Dangote Group Acquires 25% Stake in Kenya Pipeline Company for $327 Million
Africa’s richest man, Aliko Dangote, through his conglomerate, has acquired a 25% stake in the critical Kenya Pipeline Company for $327 million, marking a strategic entry into East Africa’s energy infrastructure.
FG, Bi-Courtney End Two-Decade Dispute Over Lagos MM2 Airport
Nigeria’s Federal Government and Bi-Courtney Limited have formally ended their protracted nearly 20-year legal dispute concerning the Murtala Muhammed Airport Terminal Two (MM2) in Lagos, signing settlement agreements.
Qualcomm Set for Global Job Cuts Starting November
Semiconductor major Qualcomm is preparing for global job reductions, with notifications to begin in November. The move aligns with broader tech industry trends driven by market pressures.
Transcorp Hotels Boosts Q3 2026 Profit to ₦22.5 Billion Amid Margin Growth
Transcorp Hotels Plc has announced its Q3 2026 unaudited financial results, revealing a 1% increase in Profit Before Tax to ₦22.5 billion, alongside widened margins and robust Profit After Tax growth.