Pride
Articles by Pride
African Bank Names Permanent CEO as It Presses Ahead With Turnaround
African Bank has named Zweli Manyathi permanent CEO as it presses ahead with a cost-cutting turnaround following executive upheaval.
Pan African Resources Posts Record Earnings as Gold Rally Drives
Pan African Resources posted record FY2026 earnings, a R1.5bn dividend and R500m buyback as gold prices surged to $4,235/oz
African Bank Names Permanent CEO as It Presses Ahead With Turnaround
African Bank has named Zweli Manyathi permanent CEO as it presses ahead with a cost-cutting turnaround following executive upheaval.
PetroSA Faces Liquidation Threat Over R600m Unpaid Fuel Debt
PetroSA faces a liquidation bid from supplier Nako Energy over a R605m unpaid fuel debt, spotlighting SA's refining sector strain.
: South Africa's Economy Shows Tentative August Recovery After Tough Second Quarter
South Africa's economy showed tentative signs of recovery in August, though rising oil prices threaten to complicate the outlook.
Kenyan Court Blocks Vodacom's $2.1bn Safaricom Stake Sale, Shares
A Kenyan court has struck down Vodacom's $2.1bn Safaricom stake purchase, reopening a long-running legal battle over the deal.
TotalEnergies Commits $10 Billion to Angola as It Bets on Deepwater
TotalEnergies has pledged $10 billion for Angola oil projects over five years — a major signal of confidence in African upstream energy.
Dangote Refinery IPO: Africa's Biggest Share Sale Opens on the NGX
The Dangote Refinery IPO has opened on the NGX in Africa's biggest-ever share sale — here's what the $49bn listing means for investors. Image ALT text: An African business executive stands before a stock exchange ticker board displaying an upward market trend, with oil refinery towers silhouetted at sunset in the background. Caption: Dangote Petroleum Refinery's N2.15 trillion share offer opened o
DSX Emerging Dynamics: How Liquidity Bottlenecks Restrict Cameroonian Corporate Debt Issuances
The Douala Stock Exchange remains the smallest of Central Africa's listed markets, and thin secondary trading is now the binding constraint on how much corporate debt issuers can realistically raise there. Here's why liquidity — not appetite — is the real ceiling on Cameroon's bond market.
Cocoa Rebounds: What Higher Prices Mean for West and Central African Producers
Cocoa prices climbed around 3.18% to approximately $5,719 per tonne, bringing fresh attention to the economic impact on West and Central Africa's major producing countries. But the key question is not simply whether cocoa prices are rising — it is who ultimately captures the gains.
Oil Falls More Than 5% This Week: What Lower Crude Prices Mean for African Economies
Brent crude fell more than 5% this week, creating contrasting consequences across Africa. Oil-producing economies face pressure on government revenues and foreign exchange, while importing countries could benefit from lower fuel and transport costs.
Dangote Refinery's $5bn IPO: The Crude Supply Problem Investors Are Watching
Dangote Refinery is targeting a landmark $5 billion IPO, potentially making it Africa's largest-ever stock market listing. But as investors assess the opportunity, the refinery's reliance on imported crude remains a critical issue for margins and valuation.