Earnings from Kanye West’s ‘Vultures 1’ listening events surpass $12 million
The success of these events comes amid challenges, including recent controversies causing a $1.6-billion dip in West’s fortune and delays in the album’s release.
Nigerian gas tycoon Julius Rone advocates for foreign investment to drive African energy
A central figure in Nigeria’s energy sector, Rone outlined his vision for leveraging international partnerships to tap into the vast untapped natural gas reserves across the continent.
Ralph Mupita-led MTN Group expects profits to plunge by up to 90% due to naira devaluations
MTN Group under Ralph Mupita has solidified its position as Africa’s leading telecom service provider, with a customer base exceeding 292 million across 19 markets.
South Africa’s Ackerman family loses nearly $50 million as Pick ‘n Pay shares plunge 26%
The recent decline in Pick ‘n Pay shares has led to a reduction in the market value of the Ackerman family’s stake by R906.4 million ($47.43 million) over the last 15 days
Egyptian billionaire Yasseen Mansour’s Palm Hills posts $51.1-million profit in 2023
Mansour highlighted the company’s record-breaking new sales of EGP59.5 billion ($1.92 billion), indicating a growth of 129 percent year-on-year.
Egypt’s wealthy Khamis family leads Oriental Weavers to $570 million in revenue in 2023
This was fueled by a 34-percent uptick in export revenue, comprising 64 percent of the total revenue, along with a 31-percent rise in local sales.
Africa’s richest man Aliko Dangote set to earn $284.5 million from Dangote Cement
The dividend, which will be paid electronically into his bank account by Mon., April 29, 2024, is a testament to Dangote Cement’s impressive fiscal results.
Moroccan businessman Anas Sefrioui gains $64.5 million from ADH stake
This significant increase solidifies Sefrioui’s position as one of the wealthiest investors on the Casablanca bourse and one of Morocco’s most prosperous businessmen.
South African tycoon Des de Beer’s REIT completes $185-million acquisition of Spanish retail complex
Resilient REIT, led by South African tycoon, seals $185.3-million acquisition of Salera Centro Comercial in Spain.
Ronald Karauri’s SportPesa unveils innovative rewards for Kenyan athletes
This initiative represents a significant stride toward contributing to Kenya’s comprehensive growth and prosperity.
Ghanaian tycoon Joseph Siaw Agyepong’s group to employ Nigerians for Lagos waste facility management
“We’re committed to having 95 percent of the facility’s staff as Nigerians; no external hires,” said Peter Dagadu, managing director of Waste Landfills, a Jospong Group subsidiary.
Egyptian billionaire Hisham Talaat Moustafa’s TMG records $107-million profit in 2023
Shareholders can anticipate dividends distributed in two installments of EGP0.109 ($0.00356) each, with pay-out dates scheduled for May 31 and July 31.
Ralph Mupita-led MTN Group partners with Ericsson to elevate core network infrastructure
Under the leadership of Mupita, MTN Group has cemented its status as Africa’s leading telecom service provider.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa unveils $100-million share buyback program
According to a recent statement by Airtel Africa, the share buyback program will commence immediately, spanning a duration of up to 12 months.
Led by Mauritian mogul Arnaud Lagesse, Phoenix Beverages acquires stake in Africa Originals
The Competition Authority of Kenya (CAK) confirmed the clearance on Wednesday, refraining from disclosing the financial details of the transaction.
Nigerian energy tycoon ABC Orjiako’s Seplat Energy surpasses $1-billion revenue mark
In light of its impressive financial performance, Seplat Energy’s board of directors has proposed a final dividend of $0.03 per share, along with a special dividend at a rate of $0.03 per share.