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.
Tanzanian tech entrepreneur Joseph Rutakangwa leads U.S.-based startup to raise $4 million in funding
Rutakangwa is empowering companies to broaden their horizons and augment their revenue.
Tanzanian multimillionaire Rajabali brothers gain $2.72 million from stake in CRDB Bank
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank, a Dar es Salaam-based lender.
Aliko Dangote’s group charts bold plan to make Nigeria self-sufficient in vital industries
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
PalmCI, led by Ivorian Billon family, makes waves with $280 million market cap milestone
Palm Cote d’Ivoire SA is an agro-allied company based in Cote d’Ivoire.
South African billionaire Koos Bekker sells off Prosus shares worth $190 million
Bekker is chairman of media giants Naspers and Prosus.
Led by Kenya’s richest families, NCBA Group beats profit expectations, rakes in over $100 million
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.
South African defense tycoon Ivor Ichikowitz’s Paramount to make helicopter blades
Paramount Group was founded by Ichikowitz in South Africa in 1994.
Nigerian oil tycoon Adewale Tinubu’s Oando rebounds from losses, profit soars above $75 million
Oando is a Nigerian integrated energy solutions provider.
Led by Egyptian Ghabbour family, GB Auto gets green light to rebrand as ‘GB Corp’
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Nigerian philanthropist Afe Babalola donates $12.2 million to King’s College London to empower African youths
The generous contribution will be used to establish the Afe Babalola African Center for Transnational Education at King’s College London.