Former CEO Sarel van Zyl receives salary package of $333,000 in 2021 from FirstRand Namibia
Compared to the previous year’s pay of $623,147, Awori’s remuneration in 2021 fell by nearly 47 percent.
Malawian mogul Hitesh Anadkat earns $1.34 million in 15 days as TNM results trigger surge in stock price
The gain can be attributed to swift investor reactions after the telecom company’s half-year earnings were published.
Nigerian banking tycoon Tony Elumelu to earn $1.16 million in interim dividends from UBA
The dividend will be paid from the bank’s profit for the first half of 2021.
Jose Antonio Primo-led LafargeHolcim Maroc posts resilient results as revenues and net profit soar
The growth in the group’s revenue in the first half of 2021 led to a triple-digit surge in net profit.
Pieter Engelbrecht-led Shoprite plans to integrate Walmart subsidiary into operations
Africa’s largest retailer has unveiled plans to integrate the subsidiaries of Walmart-owned Massmart into its operations.
Egyptian billionaire Nassef Sawiris’ net worth increases by $260 million in 24 days
Sawiris’ net worth between Aug. 20 and Sept. 13 increased from $6.67 billion to $6.93 billion.
King Mohammed VI of Morocco appoints billionaire Aziz Akhannouch as head of government
In 2011, Morocco introduced reforms allowing the king to choose the prime minister from the largest party in parliament.
Tony Elumelu’s UBA posts $147.3-million mid-year profit, 36-percent higher than last year
The double-digit growth in profits can be attributed to UBA’s higher interest and non-interest income.
Segun Agbaje-led Guaranty Trust Holding reports 15.8-percent decline in mid-year profit
Guaranty Trust’s profit for the period fell to $194.0 million in the half-year period ending June 30.
Andries van Rensburg’s Libstar Holdings records 27.8-percent decline in half-year earnings
Libstar’s earnings during the period were impacted by unfavourable foreign currency movements.
Namibian tycoon Quinton van Rooyen loses $187.2 million in 2021 as Trustco shares decline
Trustco shares on the Namibia Stock Exchange have now lost more than two-thirds of their value.
Mauritian tycoon Pierre Guy Noel gains $1.4 million as MCB Group shares rise by 20 percent
The increase in the company’s share price, which spurred the gains, was due to aggressive buying pressure on the bourse.
South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
Tunisian politician and mogul Moncef Sellami gains $7.1 million as One Tech shares surge
OneTech is a global industrial group with interests in automobiles, energy and industry.
Widow of late Kenyan tycoon Naushad Merali gains $1.9 million in 27 days
The gains in her stake can be attributed to buying pressure on the Nairobi Stock Exchange.
Ten African billionaires worth knowing aside from the ‘Big Four’
For too long, four big names have dominated the list of Africa’s wealthiest men.