South Africa’s wealthiest, Johann Rupert, sees $1.3 billion rise in fortune
The value of his Richemont holdings alone stands at $9.34 billion, reflecting the conglomerate's role as the cornerstone of his fortune.
FDH Bank projects $36.2 million profit in Q4 2024, resilient amid Malawi’s economic slowdown
Malawi’s economic slowdown hasn’t deterred FDH Bank, whose strategic focus and cost management continue to deliver robust profitability and growth.
Sasol cuts gas production at Mozambique plant amid unrest
The unrest, triggered by Mozambique’s contentious October elections, has led to widespread instability, claiming at least 54 lives this week.
Patrice Motsepe's wealth drops $200 million in December, despite Tyme's $1.5 billion valuation
The decline in Patrice Motsepe's wealth has been spurred by the recent drop in the market value of his mining investments.
Jay-Z’s effort to dismiss assault case rejected, business continues to thrive
On Thursday, Judge Analisa Torres ruled against Jay-Z’s legal team, rejecting their motion to dismiss the claims.
Pieter Engelbrecht pockets $4.5 million as Shoprite CEO
Shoprite CEO Pieter Engelbrecht’s 2024 compensation package comprises a secure base pay of $1.01 million and a performance-based short-term incentive of $917,841.
Haldane McCall launches $97 million bond for affordable housing solutions
Highlighting the urgency, Akinlade noted that Lagos State has built only 13,000 homes since 1999, reinforcing the need for private-sector participation.
Jonathan Gibson gains $3.29 million from stake in Chobe Holdings
This performance has solidified Gibson’s position among the wealthiest investors on the BSE.
Beltone approves $211 million to power expansion and growth goals
The fresh funds will support Beltone's initiatives to deepen its capabilities and strengthen its competitive positioning in the MENA region’s fast-evolving financial services sector.
Madinet Masr secures $177 million for Egypt’s development projects
The development projects, which are set to generate more than five million jobs, will help bridge the housing gap.
FirstRand’s Mary Vilakazi took home $2.2 million in 2024
This remuneration reflects her instrumental role in steering the company’s growth and maintaining its industry dominance.
Vitafoam Nigeria’s profit slumps amid naira devaluation, revenue rises 56%
Vitafoam expands ECOWAS presence with strong Sierra Leone market acceptance, overcoming local financial challenges.
Access Holdings secures CBN, SEC nod for $228 million rights issue completion
The completion of this offering underscores Access Holdings’ strategic resilience and its ability to meet the evolving demands of Nigeria’s financial sector.
South African billionaire Jannie Mouton gains $352 million from Capitec shares
Capitec’s strong returns have solidified its position as one of the JSE’s top performers in 2024, offering a 56.29 percent return year-to-date.
South African Reserve Bank sanctions Michiel Le Roux's Capitec Bank
Despite the sanctions, Capitec maintained cooperation in its remedial measures to address compliance weaknesses and enhance its AML framework.
5 Egyptian businessmen-owned companies whose shares have more than doubled in 2024
These companies illustrate the resilience and adaptability of Egyptian businesses, driven by strong leadership and strategic initiatives.