Kenyan banker Paul Russo-led KCB seeks $200-million loan for Kenyan subsidiary
KCB Bank Kenya’s loan book has surged in recent years, outpacing its deposit base.
Moroccan tycoon Lamia Tazi stake in Sothema rebounds above $60 million
Tazi’s recent financial gains are tied to the surge in Sothema’s stock on the Casablanca bourse.
South African exec Josua Malherbe faces $2-million loss from Remgro shares
Malherbe, Remgro’s non-executive co-deputy chairman, is one of Remgro’s largest individual shareholders with a holding of 1,178,995 ordinary shares.
Led by South African exec July Ndlovu, Thungela reports $263 million in earnings in 2023
Since its 2021 demerger from Anglo-American, Thungela has undergone significant expansion under Ndlovu.
Investec, led by South African exec Fani Titi, eyes 10-percent rise in earnings
Under Titi’s leadership, Investec has demonstrated resilience and growth despite challenging market conditions.
Kenyan banker Gideon Muriuki gains $2.6 million from Co-op Bank stake
Gideon Muriuki’s $2.6 million gain underscores the positive impact of his leadership at Co-op Bank.
Kenyan banker Gideon Muriuki leads Co-op Bank to record $170-million profit in 2023
Muriuki, who was instrumental in the Co-op Bank’s expansion, owns a two-percent stake in the leading financial services group.
Sibanye led by South African exec Neal Froneman completes $155.9-million acquisition of U.S. metal business
The $155.9-million cash purchase consideration for Reldan was financed through a $500-million senior unsecured guaranteed convertible bond issued in November 2023.
MTN Uganda led by Ugandan tycoon Charles Mbire launches online marketplace
MTN customers can access Tesadeals without incurring data charges, underscoring the platform’s commitment to accessibility and inclusivity.
Shoprite backed by South African billionaire Christo Wiese takes lead on climate, water issues in retail
Shoprite, boasting more than 2,900 stores across Africa, is partly owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
South African exec Anthony Leeming-led Sun International to invest $28.3 million in Sun City
Sun International CEO Anthony Leeming affirmed that the capital expenditure will be funded from the group’s cash flows
South African mogul Adrian Gore’s Discovery reports $172.4 million in half-year earnings
The group’s interim results for the first half of the 2024 fiscal year showcase a headline earnings figure amounting to $172.4 million.
South Africa’s richest man Johann Rupert’s Remgro posts $1.3-billion half-year revenue
Ranked as Africa’s second-richest man and South Africa’s wealthiest individual, Rupert maintains significant control over Remgro Limited.
British-Nigerian entrepreneur Ladi Delano’s startup raises $100 million at $750 million valuation
Established in 2020 by Delano alongside Jide Odunsi, Moove has rapidly emerged as a key player in the mobility fintech sector.
Exxaro earnings fall below $600 million under South African executive Nombasa Tsengwa
Commenting on the financial results, Tsengwa expressed confidence in the company’s ability to create value despite the challenges faced during the fiscal year.
FirstRand shares plunge, costing South African businessman Johan Burger $1.47 million
Burger, a former CEO and non-executive director at FirstRand, holds a 0.11-percent stake equivalent to 6,000,000 ordinary shares in the financial services giant.