Egyptian businessman Ahmed El-Sewedy set to pocket $18.9 million dividend from electric company
El-Sewedy and his siblings own 68 percent of El Sewedy Electric.
Ugandan tycoon Charles Mbire’s MTN Uganda beats profit expectations, rakes in over $100 million
Mbire is the wealthiest investor on the Uganda Stock Exchange.
Tech billionaire Gbenga Agboola’s Flutterwave denies losing $6.3 million to hackers
This development comes just three weeks after the fintech unicorn regained access to $52.5 million in frozen funds.
Somali businessman Jibril Hassan Mohamed’s Premier Bank to acquire struggling Kenyan lender, FCB
Premier Bank is a privately owned commercial bank that adheres to Sharia law.
Microsoft joins forces with Strive Masiyiwa’s Liquid to bring Internet to underserved African communities
Liquid is a subsidiary of Cassava Technologies, a pan-African technology company.
Egyptian businessman Ahmed El Sewedy’s electric company records over $185 million in profit in 2022
El Sewedy Electric specializes in the production of electrical equipment and cables.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to boost its capital expenditure to $750 million in 2023
Mittal owns an indirect 3.38-percent stake in the telecom giant.
Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers’ profit dives below $31 million in 2022
Oriental Weavers is a leading carpet manufacturer and distributor.
Tunisian auto mogul Moncef Mzabi’s fortune drops by $8 million as shares in automobile retailer plunge
Mzabi continues to maintain his position as one of the wealthiest investors on the Tunis Stock Exchange.
Kenyan businessman Paul Ndung’u lists prime Nairobi property for sale
Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
10 powerful and influential North African businesswomen you need to know
These women are making a difference in their communities.
Nigerian billionaire Abdul Samad Rabiu to pocket $198-million dividend from BUA cement
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
Egyptian billionaire Ahmed Ezz’s fortune skyrockets by $48 million in 2023 thanks to Ezz Steel stake
Ezz owns a majority stake of 60.7 percent in Ezz Steel.
Zimbabwean billionaire Strive Masiyiwa’s ADC to set up new data center facility in Nairobi
ADC is an affiliate of Cassava Technologies, a fiber and telecom solutions group.
Aliko Dangote hails highest voter turnout in over two decades in Nigeria’s presidential election
Dangote described the turnout as “very, very impressive.”