South African executive Duncan Wanblad-led Anglo American announces internal restructure as demerger advances
The internal restructuring consolidates control under AAI while keeping Anglo American’s overall ownership unchanged.
Mauritian businessman Arnaud Dalais-led CIEL sees half-year profit slump below $50 million
While revenue edged higher, the group’s profit took a hit, weighed down by new tax levies and weaker contributions from its agro business.
Nigerian gambling magnate Kessington Adebutu stake in Wema Bank rebounds above $47 million
In the past three weeks, the value of his stake has risen by $5.23 million, recovering from a sharp decline earlier this year.
Aliko Dangote’s fortune rebounds: Africa’s richest man nears $30 billion
A surge in the market value of his stake in Dangote Cement, Africa’s largest cement maker, has added $800 million to his wealth in just three day.
South African banker Sim Tshabalala-led Standard Bank, raises stake in JSE-listed Trencor to $4.2 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
Kenyan tycoon John Kimani faces $1.92 million loss on Kakuzi shares
Beyond Kakuzi, he holds a 5.21 percent stake in Centum Investments and 3.86 percent in Nation Media Group, spreading his bets across multiple sectors.
Magic Johnson’s fortune soars: Net worth jumps $200 million to hit $1.6 billion
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
South African executive Neal Froneman steps down as Sibanye-Stillwater CEO after 12 years
His departure marks the end of a transformative chapter for the multinational mining group.
Egypt’s Ashraf Sabry leads Fawry’s bold move to revolutionize digital payments in MENA
This reflects its commitment to accelerating digital transformation and making financial transactions seamless.
Junior Bridgeman joins the ranks of U.S. Black billionaires with $1.4 billion fortune
He stands alongside Michael Jordan, Magic Johnson, and LeBron James as one of the few NBA players to amass a billion-dollar fortune.
South African billionaire Jannie Mouton’s Capitec Bank stake nears $1 billion
A recent surge in the leading retail bank’s share price has pushed his holdings close to the $1 billion mark.
Nigerian billionaire Femi Otedola's FBN rebrands to First HoldCo Plc as assets surpass $17 billion
The rebranding reflects a future-focused vision built on a legacy of trust, resilience, innovation, and exceptional service.
Natie Kirsh, Eswatini’s richest man, nears $10 billion after $521 million gain this year
His wealth has now climbed from $9.3 billion to $9.85 billion, adding to the $1.77 billion he gained in 2024.
10 richest businessmen in Botswana in 2025
Botswana is home to a small but powerful group of multimillionaires whose influence extends far beyond their personal fortunes.
Diddy sues NBCUniversal, Peacock for $100 million over explosive ‘Bad Boy’ documentary
The lawsuit states that the filmmakers acted with “reckless disregard” for the truth, choosing sensationalism over facts.
South Africa’s Ackerman family gains $14.25 million as Pick n Pay shares rebound
In just nine days, the family’s stake gained R263.07 million ($14.25 million), clawing back some of last year’s losses.