Simbisa, led by Zimbabwean businessman Addington Chinake, reports $157.5 million revenue
Simbisa Brands’ H1 2025 revenue rose 7% to $157.5 million, but profits fell 10.7% as rising costs in Zimbabwe and Kenya squeezed margins
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.
Egyptian billionaire Yasseen Mansour leads Palm Hills to $536.1 million revenue in 2024
Palm Hills Developments' revenue surged 55.6% to $536 million in 2024, doubling profits as unit sales soared as strong asset growth cements its market leadership.
South African tycoon Paul Hanratty-led Sanlam, declares $522.3 million dividend payout in 2024
Sanlam raises its dividend 11% to $522.3 million, driven by strong earnings, strategic partnerships, and solid growth in key African and Indian markets.
Zimbabwean billionaire Strive Masiyiwa’s Econet to pay $18.9 million to investors
Econet Wireless to pay $18.91 million dividend, up 32.73%, as data revenue surges, reflecting a shift toward data-driven services.
I&M Bank, founded by Kenyan tycoon Suresh Bhagwanji Shah, to open nine new branches
By the end of next year, I&M Bank aims to reach 100 branches, further cementing its status as one of Kenya’s top-tier financial institutions.
South African billionaire Christo Wiese-backed Shoprite rewards investors with $91.5 million payout
The payout reflects the company’s commitment to rewarding shareholders while navigating economic pressures.
Bidvest, led by South Africa’s Mpumi Madisa, announces $86.9 million dividend payout
Bidvest posts higher profit, declares $86.9 million dividend as strong cash flow, resilient demand, and disciplined strategy offset economic headwinds.
Fairtree invests $210 million in South Africa’s richest man Johann Rupert’s Remgro
This reinforces Fairtree’s commitment to investing in high-quality South African businesses while expanding its footprint in the country’s equity market.
Stephen Saad leads Africa’s largest drugmaker to $1.2 billion in half-year revenue
The growth was fueled by the successful integration of acquired products in Latin America.
GB Corp., led by Egypt’s Ghabbour family, reports $58 million profit in 2024
This was driven by robust growth in both its automotive and financial services arms, underscoring its key role in Egypt’s automotive sector.
Malawi’s 15 richest people
Billionaires.Africa profiles Malawi’s 15 richest business leaders, highlighting their industries, key holdings, and financial impact.
Egyptian tech tycoon Ashraf Sabry’s Fawry posts $31.8 million profit in 2024
The company’s financial performance reflects its dominant position in Egypt’s digital payments sector and the country’s growing shift toward cashless transactions.
Asoma Banda, Ghanaian business icon and philanthropist, dies at 91
His passing has been met with an outpouring of tributes from business leaders and close associates, reflecting on his remarkable legacy.
Hitesh Anadkat on track to become Malawi’s first billionaire as FMB stake nears $1 billion
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
Egyptian tycoon Yasmine Khamis’ Oriental Weavers to pay $21 million dividend
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.