May 11, 2026/United Capital Update Global Markets United States The Institute for Supply Management (ISM) Services Purchasing Managers’ Index (PMI) for the United States eased slightly to 53.6 points in April 2026, down from 54.0 points in March 2026, indicating that the services sector continued to expand but at a […]
Author: InvestAdvocate
Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments
May 11, 2026/Dangote Group The President/Chief Executive of Dangote Group, Aliko Dangote has held a high-level meeting with Nicolai Tangen, the Chief Executive Officer of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager, overseeing assets valued at approximately $1.9 trillion. At the meeting, the Norwegian investment institution […]
FY’26 Airtel Africa Maintains Strong Growth Trajectory Amid Improving Profitability
May 11, 2026/CSL Report Financial Highlights: Revenue: +29.5% y/y to US$6.4bn Direct Network Operating Costs: +21.5% y/y to US$1.2bn OPEX: +22.3% y/y to US$2.1bn EBITDA +38.2% y/y to US$3.2bn Operating Profit: +45.2% y/y to US$2.1bn Profit before Tax: +114.7% y/y to US$1.4bn Stock Rating: Buy Target Price: N4,096.2/s Airtel Africa […]
