Segun Agbaje-led GTCO records $367.4-million profit in 2022
Agbaje emphasized the group’s commitment to sound business strategies and strong fundamentals.
Jimnah Mbaru, one of Kenya’s richest investors, faces $3.2-million loss
Mbaru holds a 7.72-percent stake in Britam Holdings.
Tony Elumelu’s UBA posts record-breaking Q1 profit of $116 million
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Beyonce unveils new fashion collection following split with sportswear giant Adidas
The latest collaboration between Beyonce, Balmain, and Olivier Rousteing builds on their existing relationship dating back to 2018.
John Coumantaros takes $30-million hit from Flour Mills investment
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.
Neal Froneman’s Sibanye-Stillwater boosts dollar-denominated facility to $1 billion
Sibanye-Stillwater is a multinational precious metal mining company.
Rostam Aziz’s gas plant in Kenya stirs interest as 13 firms seek EPRA approval
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Kenyan tycoon James Mwangi gains $7.28 million in 18 days from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
Strive Masiyiwa’s Econet Zimbabwe to raise $30.3 million to redeem outstanding debentures
Masiyiwa commands a significant equity holding of 52.85 percent in Econet Zimbabwe.
John Kimani-linked NMG set to reward shareholders with $2.14 million in dividends
Kimani owns a significant 2.35-percent stake in Nation Media Group.
Ahmed Ezz’s steel firm beats profit expectations, rakes in over $210 million
Ezz owns a controlling 60.7-percent stake in Ezz Steel.
Led by Mauritian businessman Jean Ribet, BMH posts $5.8 million in profit
Ribet owns a 3.32-percent stake in BMH Limited.
Moroccan tycoon Lamia Tazi set to receive $1.48-million dividend
Tazi holds a substantial 8.4-percent stake in Morocco’s leading healthcare company, Sothema, or 605,030 shares.
Nigerian banker Herbert Wigwe’s Access Holdings pours $300 million into flagship banking business
Herbert Wigwe owns a 4.51 percent stake in Access Holdings, Nigeria’s largest bank in terms of assets.
Nigerian billionaire Tony Elumelu to pocket $4.65 million in dividends from UBA
Elumelu owns a significant 6.9-percent stake in UBA.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.