Marc Holtzman-led BK Group posts 41.5-percent growth in net profit for H1 2021
The bank has attributed the shift to increased interest and non-interest income.
South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Nigerian banking tycoon Herbert Wigwe to pocket $1.1-million interim dividends from Access Bank
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
The 10 South African golfers with the highest earnings
Golf has found a place to stay on the African continent, with South Africa taking the lead.
South African billionaire Michiel Le Roux earns $274.8 million as Capitec shares rebound
Capitec Bank is a leading South African bank and one of the largest lenders in the country.
Son of late Sothema Founder Omar Tazi gains $25.1 million in four days as company shares rebound
Moroccan businessman Mohammed Tazi has seen the market value of his stake skyrocket this week.
South African billionaire Johann Rupert’s wealth soars by $210 million in four days
This takes his total gains this year to more than $1.5 billion.
Mercia Geises-led Standard Bank Namibia posts $13.2-million mid-year profit
The company’s earnings fell by 16.5 percent compared to 2020.
The 10 Kenyan executives who took home the highest salary in 2020
Executives in top Kenyan companies received decent pay in 2020 despite the impact of the COVID-19 pandemic.
Andrew and James Ndegwa set to pocket $944,500 interim dividend from Kenya’s NCBA Group
The two brothers own a joint stake amounting to 138,525,913 ordinary shares in NCBA Group.
Herbert Wigwe’s Access Bank posts $211.1-million mid-year profit on back of robust balance sheet
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
Nigerian banking tycoon Jim Ovia to pocket $3.7-million interim dividend from Zenith Bank
The dividend will be paid from the bank’s $257.8 million in profits earned in the first half of 2021.
John Gachora-led NCBA Group reports 77-percent growth in mid-year profit
A strong underlying performance across key segments of its business saw its profit increase by double digits.
The 10 investors on the Nigerian Exchange with the highest gains in 2021
Founders and investors on the Nigerian Exchange have seen their wealth rise astronomically since the start of the year.
From Mauritius to Nigeria, 25 family businesses to look out for in Africa
Here is some key information about how they began and the value that they are adding to the continent.
Tunisian businessman Mehdi Tamarziste’s stake in UBCI loses $3.7 million in 132 days
The multimillion-dollar loss in his stake was triggered by investor profit-taking actions.