Egyptian billionaire Nassef Sawiris gains $230 million in two weeks as Adidas shares rebound from five-month low
Since the start of the year, Sawiris has seen his net worth increase by $264 million from $6.6 billion on Dec. 31, 2020.
South African businessman Stephen Brookes to pocket $857,100 in interim dividends from Balwin Properties
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.
Zimbabwean businessman Paddy Zhanda sells shares in Masimba Holdings worth $572,320
Masimba Holdings is a well-established group in Zimbabwe, providing engineering and infrastructure solutions.
Tony Elumelu’s United Bank for Africa reports $254.4 million in profit for 9M 2021
UBA is a Nigerian financial services group with operations in 20 African countries, the UK, the United States and France.
Nigerian billionaires fight to control one of country’s largest banks
Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.
Theophilus Yakubu Danjuma’s TY Holdings rebrands BOC Gases Nigeria months after acquiring 60-percent stake
BOC Gases is a subsidiary of the UK-based BOC Holdings Limited, an industrial and medical gas manufacturer.
Wealthy Moi family of Kenya sells stake in Siginon Aviation in deal worth $40 million
The deal gives NAS a foothold in Nairobi, a major hub in the African aviation industry.
11 African beverage tycoons you should know
Meet 11 African tycoons, who have built multimillion-dollar fortunes by manufacturing alcoholic beverages.
Demola Sogunle-led Stanbic IBTC reports near 40-percent decline in 9M 2021 profits
The company operates as a member of Standard Bank Group, a financial services giant based in South Africa.
Nigeria’s oldest bank confirms billionaire Femi Otedola’s acquisition of $54.2-million stake
Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
Led by Tunisian Ben Yedder family, Ennakl Automobiles posts $153 million in revenue in 9M 2021
Ennakl is a Tunisian auto retailer selling cars under the Volkswagen, Audi, Seat and Porsche brands.
Kenyan multimillionaire banker James Mwangi loses nearly $5 million in 56 days as Equity Group shares retreat from 21-month high
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
Nigerian billionaire Femi Otedola acquires significant stake in First Bank of Nigeria Holdings
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.
Kenyan mogul Julius Mwale offers $20 million to farmers to restore activity at Mumias Sugar
The funds will be used to kickstart sugarcane cultivation and sugar production.
Swiss nonprofit: Belgian tycoon Hubert Fabri’s Socfin Group allegedly shifts profits outside Africa
Bread for All claimed that the group minimizes its tax burden through the use of offshore jurisdictions.
Nigerian billionaire Mike Adenuga’s net worth increases by $200 million in 2021
The Globacom founder’s net worth at the beginning of this year was valued at $6.3 billion.