Noel Mkulichi: 7 career-defining milestones of the Malawian banker
Noel Mkulichi transformed FDH Bank, boosting its market cap to $1.26 billion while advancing fintech, expanding financial inclusion, and reshaping Malawi’s banking sector.
Nigerian President awards Lagos Ports renovation project to billionaire linked to Sani Abacha
Gilbert Chagoury has been a major force in Nigeria’s business world for decades.
MTN, under Zimbabwean executive, posts $614 million loss amid naira weakness, Sudan conflict
While business remained stable in South Africa, Uganda, Ghana, and Cameroon, the situation in Nigeria, Afghanistan, and Sudan weighed heavily on overall performance.
10 companies owned by Kenyan businessman Peter Munga
Over the years, Munga has built a diverse business empire spanning, banking, agribusiness, insurance, and real estate.
Noluthando Gosa-linked ArcelorMittal South Africa seeks $170 million cash rescue
ArcelorMittal SA seeks a $170 million bailout to prevent steel mill closures, risking 3,500 jobs amid high costs, imports, and stalled government talks.
Johannesburg fund led by Laurence Rapp acquires Valencia’s biggest mall for $332 million
The €305 million ($332 million) deal was executed through Castellana Properties, Vukile’s 99.5%-owned Spanish subsidiary.
South Africa’s richest man loses $1.4 billion in 12 days
This follows a strong start to the year, when his net worth surged by $3.32 billion, rising from $13.7 billion to $17 billion by early March.
Kenya’s 30 richest people
Kenya’s wealth creation remains strong amid global turbulence, driven by a resilient private sector and strategic business environment.
NBA star Damian Lillard makes power move in $6 billion sneaker insole market
When he launched Move in late 2021 as a direct-to-consumer brand, it generated over $100,000 in sales within its first month, signaling strong market demand.
South African tech mogul Zak Calisto takes $180 million hit on Karooooo stake
The $809.2 million decline comes after a brief surge between Jan. 27 and Feb. 6, when his holdings gained $71 million before the downturn wiped out those gains.
South African billionaire Patrice Motsepe re-elected unopposed as CAF President
His leadership has reshaped CAF’s financial outlook, attracting record sponsorship deals and boosting revenue streams.
Anglo American, led by South Africa’s Duncan Wanblad, to restructure operations, reduce jobs
The company is shedding assets and gearing up to spin off its platinum division in a push to streamline operations and boost profitability.
Nigerian gambling magnate Kessington Adebutu’s stake in Wema Bank falls $4.92 million
The decline comes after a strong run between Jan. 24 and Feb. 14, when Adebutu’s stake surged by $5.23 million.
10 companies owned by Ghanaian tycoon Paa Kwesi Nduom
Paa Kwesi Nduom has built a diverse empire spanning banking, media, hospitality, and more, creating jobs and driving economic growth across Ghana and West Africa.
Egyptian businessman Hani Berzi's Edita Food Industries to raise capital by $2.76 million
Edita Food Industries plans a $2.76 million capital boost via retained earnings, doubling issued capital to $5.53 million as part of its regional expansion strategy.
Standard Bank, led by South African banker Sim Tshabalala, posts $2.4 billion earnings
Under Tshabalala, Standard Bank has continued to strengthen its position as a leading financial institution in Africa, expanding its reach while delivering strong profits.