A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…
Exclusive webinar, hosted by ITWeb in partnership with Exclaimer and Prodata, will provide insight into how strategic e-mail management can solidify customer relationships, add value and establish new revenue streams. When it comes to IT services, the ability to add measurable value to customers is paramount. Fortunately, service providers can differentiate themselves by using a…
TLDR Kenyan asset-financing startup M-KOPA has reported its first-ever profit after more than a decade of operations across Africa The Nairobi-based company posted a KES 1.2 billion ($9.2 million) profit in 2024, reversing a KES 3.2 billion ($24.7 million) loss in 2023 Founded in 2011 to provide solar home systems on credit, M-KOPA has since…
Eskom chairman Mteto Nyati Eskom has reported R16-billion in profit after tax for 2025 — for the first time in eight years. That compares to a R55-billion after-tax loss for the 2024 financial year. Board chairman Mteto Nyati told reporters on Tuesday that Eskom’s two-year debt relief plan, adopted in 2023, had started showing results….
Alpheus Mangale, group CEO of Seacom. Pan-African submarine internet cable operator Seacom has launched a new subsea cable system across the Indian Ocean Basin, Middle East, Mediterranean and Southern Europe. Unveiled at Submarine Networks World 2025, in Singapore, Seacom says the project marks a leap toward securing Africa’s role in the global digital economy, while…
A Qantas Airways Boeing 737 aircraft takes off from Sydney International Airport in Sydney on August 18, 2025. David Gray | Afp | Getty Images Shares of Australian flag carrier Qantas rose to a record high Thursday after its full-year earnings results beat estimates, buoyed by resilient demand across its domestic and international networks. Qantas…
Visitors visit the “the monsters Convenience Store” themed exhibition created by POP MART with IP LABUBU as the selling point, Shanghai, China, July 23, 2025. Cfoto | Future Publishing | Getty Images Shares in Chinese toymaker Pop Mart fell Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming…
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Japanese auto giant Honda‘s first-quarter operating profits fell 50% year over year on Wednesday, missing estimates due to U.S. auto tariffs and a stronger yen. Here are Honda’s results compared with the mean estimates…
Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Britain’s BP on Tuesday posted stronger-than-expected second-quarter profit, following a period of heightened volatility for global oil and gas prices. The struggling energy major reported underlying replacement cost profit, used as a proxy for net profit, of $2.35…
Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on…
