Bank linked to Tanzanian billionaire brothers enters insurance market with new subsidiary
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.
Mauritian tycoon Hector Espitalier-Noel’s ENL reports stellar $33.9 million in profit
ENL Limited reports a stellar $33.9 million in profit, driven by robust revenue growth.
Ghanaian tycoon Daniel McKorley’s McDan Aviation boosts operations with two new aircraft
McKorley’s McDan Aviation expands fleet with two new aircraft, elevating luxury air travel in Ghana and West Africa.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.
Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
CEO of Africa’s largest publicly listed firm took home $15.8 million in 2022
Since 2014, van Dijk has been leading Naspers, the largest publicly listed company in Africa.
South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
Egyptian entrepreneur Ashraf Sabry’s Fawry reports $4.6-million profit in Q1 2023
Sabry’s Fawry surpasses expectations in Q1 2023 with a triple-digit profit surge, consolidating its position as a fintech leader.
Beyonce’s ‘Renaissance’ world tour set to generate whopping $2.1 billion in earnings
Her world tour is set to amass $2.1 billion, as Forbes predicts record-breaking ticket sales.
Kenyan tycoon Julius Mwale teams up in high-stakes $800-million Forbes acquisition
Mwale leads the historic Forbes acquisition, marking Africa’s rising influence in reshaping global perceptions.
Nigerian billionaire Kola Karim, Mota Engil win Abuja airport concession
Karim is a part owner of Mota Engil Nigeria, which is a joint venture between his Shoreline Group and Mota Engil.
Listed companies of Africa’s 3rd-richest billionaire report $146 million in profit over Q1 2023
Rabiu: Africa’s third-richest billionaire’s businesses thrive, generating $146.2 million profit in Q1 2023.
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
Angolan oil tycoon Joaquim David eyes 50,000bpd for Etu Energias
David is the founder of Etu Energias, the largest private oil company in the country.
The 10 most generous South African philanthropists of all time
From Allan Gray to Patrice Motsepe, meet the 10 most generous South African philanthropists ever.