
AfricaWorks Insights
February 27, 2025 at 02:35 PM
Prominent South African 🇿🇦 miner Harmony Gold expects a profit boost for the six months ending 31 December 2024, driven by high gold prices and consistent production 📈. Earnings per share are set to rise by 24% to 42%, despite higher production costs and taxes. CEO Beyers Nel credits strong results to operational consistency and disciplined capital allocation 💼.
Flutterwave has obtained a Payment System licence from the Bank of Zambia 🇿🇲, expanding its operations and enabling local businesses to use its platform for seamless transactions. This move strengthens digital financial services in Zambia and aligns with Flutterwave’s strategy to enhance payment solutions across over 30 African 🌍 countries, supporting global business growth with cross-border capabilities 📈.
Verto is opening applications for its Global Business Awards 2025, targeting early-stage startups in South Africa 🇿🇦, Nigeria 🇳🇬, Kenya 🇰🇪, the US 🇺🇸, and the UK 🇬🇧. The awards offer cash prizes up to $10,000 to support business growth and global expansion. Applications open on 1st March and close on 31st August 2025, with winners announced on 10th October. Selection will focus on market impact, innovation, growth potential, and international operations.
UAE-based 🇦🇪 Dubizzle Group has acquired Egyptian 🇪🇬 car marketplace Hatla2ee, which attracts over 2 million monthly visitors. Founded in 2016, Hatla2ee is a key platform for buying and selling cars in Egypt. The acquisition will integrate Dubizzle’s technology to enhance the user experience for car buyers and sellers, offering new opportunities in Egypt’s automotive market 🚘.
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