Mohammed Al-Amoudi’s wealth falls $1-billion amid asset revaluation, legal disputes
Ethiopia’s wealthiest man, Mohammed Al-Amoudi, lost over $1 billion in recent months, with his net worth dropping to $8.76 billion.
Kessington Adebutu gains $3.2 million from Wema Bank shares
Over the past 53 days, the market value of his stake has increased by N5.45 billion ($3.26 million), fueled by a robust stock performance on the NGX.
Richemont’s half-year profit falls below $500 million
Richemont’s profit fell nearly 70% to €457 million ($490 million) due to weak Asian sales and a €1.22 billion ($1.31 billion) impairment on YNAP.
Fani Titi receives $6.8 million in salary for 2024 fiscal year at Investec
This represents a significant 30.18 percent decline from the £7.5 million ($9.7 million) he received in the previous year.
Sam Darwish’s stake in IHS Holding dips below $40 million
Over the past three weeks, the value of his holdings has dropped by $3.1 million, tracking a 7.8 percent fall in IHS shares.
Alan Pullinger’s stake in FirstRand decreases by $1.68 million with share price dip
This decline reverses a $1.51 million gain between Oct. 9 and 18, when Pullinger's stake rose from $31.52 million to $33.03 million.
Coty CEO Sue Nabi’s stake falls below $230 million as shares decline
This follows a prior loss of $48.44 million from Sept. 27 to Oct. 17, when her stake declined from $303.06 million to $254.62 million.
Investec targets $1.7-billion market expansion
Investec is positioning itself for a $1.7-billion market expansion by enhancing its business banking unit with a new payments system for corporate clients.
Safaricom reaches 52 million subscribers in Ethiopia
The telecom giant reported this milestone with its half-year results, marking rapid growth in one of Africa’s biggest telecom markets.
Co-op Bank signs $3.8-million deal for water, sanitation projects in Kenya
Co-op Bank secures $3.8 million partnership aimed at improving clean water and sanitation access across the country.
Michiel Le Roux's Capitec Bank stake soars above $2.5 billion
Earlier, between Sept. 6 and 19, his stake increased by R1.68 billion ($95.3 million), lifting the value from R37.94 billion ($2.16 billion) to R39.62 billion ($2.26 billion).
Safaricom reports mixed results for H1 2025, faces challenges in Ethiopia, Kenya
East Africa's telecom giant, Safaricom, sees revenue growth but faces profitability hurdles.
TMG reports $9.4 billion in sales, fueled by booming demand for luxury real estate
TMG Holding's SouthMED and Benan projects fuel $9.4 billion in sales, showcasing the strong demand for luxury coastal living in Egypt and Saudi Arabia.
Marvin Ellison’s Lowe’s shares dip below $200 million
This decline contrasts with a previous gain of $30.1 million between Sept. 6 and Oct. 18.
Pick 'n Pay plans to open 100 new stores by 2026 as part of expansion strategy
The retailer, partly owned by the South African billionaire Ackerman family, is positioning itself for a recovery following previous financial setbacks.
Flour Mills reports $1.01 billion in revenue for H1 2025
FMN's revenue surged 75.98 percent, climbing from N964.6 billion ($576.26 million) in the same period last year to N1.7 trillion ($1.01 billion).