Bertina Engelbrecht: Business leader guiding $5.3 billion South African retail healthcare group
Bertina Engelbrecht leads Clicks Group to record profits as South Africa's first Black woman retail CEO.
Kessington Adebutu’s Wema Bank stake loses $2.73 million as naira depreciates
Adebutu’s holdings reflect broader economic challenges in Nigeria as Currency Depreciation Erases Gains Despite Wema Bank’s stock surge.
Africa's 5 most powerful women
Five African women made list of the World’s 100 Most Powerful Women, collectively influencing over a billion lives and wielding $33 trillion in economic power.
Mark Mason, one of America’s leading Black executives, pockets $14.49 million salary
Mark Mason’s $14.49 million pay reflects strategic leadership in Citigroup’s financial success.
Johan Burger’s FirstRand stake boosts fortune by $2.64 million
FirstRand has delivered modest returns since the start of 2024, with local investors seeing a 9.17 percent increase in share price.
Access Bank expands to Malta, strengthening Europe-Africa trade links
Access Bank's decision to establish a presence in Malta signals its broader push into key global markets, following the recent opening of its Hong Kong branch.
Zahid offers $1.3 billion for South Africa's Barloworld in acquisition bid
This underscores Zahid’s aggressive push to capitalize on Africa’s infrastructure boom amid global interest in the continent’s construction sector.
Dangote Sugar Refinery launches $32 million commercial paper to fund expansion
The Series 7 paper, with a 270-day tenor, offers a 24.5524 percent discount rate and a 30 percent implied yield.
Stephen Brookes gains $1.8 million this year from Balwin stake
Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.
Meet Michelle Kilpin: First female MD of Tanzania’s biggest listed company
Kilpin’s career, which spans over two decades, is a testament to her unwavering commitment and exceptional leadership.
Hani Berzi's Edita Foods stake drops by more than $130 million
The decline stems from a steep fall in the company’s share price on the Egyptian Exchange (EGX) and the sharp devaluation of the Egyptian pound.
Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
Naguib Sawiris plans to invest $150 million in luxury hotels near Egypt’s iconic Pyramids, aiming to enhance the country’s tourism appeal.
Dawie de Villiers receives $2 million compensation for 2024 fiscal year at Alexforbes Group
This represents a significant 89.68 percent surge from the R19.16 million ($1.07 million) he received in the previous year 2023.
Alex Karp’s Palantir extends $36.8 million AI deal with U.S. Special Operations
This extension highlights Palantir's growing influence in defense, leveraging its expertise in artificial intelligence and data analytics to modernize mission-critical systems.
Seplat Energy acquires ExxonMobil Nigeria for $800 million
The deal strengthens Seplat’s leadership in the country’s energy sector and enhances its global standing.
South Africa's top billionaire gains $800 million within eight days
Johann Rupert's net worth surged to $13.8 billion, nearing $14 billion for the first time since October.