Nigerian businessman Tony Elumelu’s stake in UBA now worth $44 million
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Bank linked to Tanzanian billionaire brothers enters insurance market with new subsidiary
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.
South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
Kenyan tycoon Julius Mwale teams up in high-stakes $800-million Forbes acquisition
Mwale leads the historic Forbes acquisition, marking Africa’s rising influence in reshaping global perceptions.
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
Disgraced billionaire Carlos Sao Vicente fails to secure $2.6-million release from Singapore Bank
Disgraced Portuguese-Angolan billionaire businessman, Sao Vicente faces legal setback as Singapore court denies access to funds.
Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family’s equity holdings in NCBA Group see a $11.26-million decline as stock market volatility persists.
South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Tennis legend and investor Serena Williams joins Consello as senior advisor
Williams is the third retired star athlete to join the Consello Group, following the steps of former NFL star Tom Brady and Pau Gasol.
Dis-Chem Founder Ivan Saltzman to step down as CEO in June 2023
Dis-Chem’s founder and long-time steps down; CFO Rui Morais to become CEO in July.
Ghanaian mining tycoon Ibrahim Mahama signs $230-million equipment financing deal
Mahama, 52, is one of Ghana’s richest men and the founder of Engineers & Planners.
Led by wealthy Khamis family of Egypt, Oriental Weavers’ profit surges 74 percent y-o-y in Q1 2023
Egyptian businesswoman Yasmine Mohamed Khamis and other Khamis family members own a 56.58-percent controlling interest in Oriental Weavers.
Malagasy tycoon Hassanein Hiridjee looks to acquire MTN assets
Hiridjee and his Axian Group have executed a few telecom deals in Africa in the last few years.