Nigerian banker Tony Elumelu’s UBA posts $164 million in profit in H1 2022
Elumelu owns a sizable 6.96-percent stake in the banking group, or 2,380,941,756 ordinary shares.
Senior banking executive Jeremy Awori steps down after decade as CEO of Absa Bank Kenya
His resignation will take effect on Oct. 31.
South African tycoon Jens Montanana’s Datatec joins UN corporate sustainability initiative
Montanana founded Datatec in 1986 and owns a significant 11.98-percent stake in the group.
South African billionaire Christo Wiese to pocket $13 million in Shoprite dividends
Wiese owns an 11.58-percent stake in Shoprite.
French businessman Jeremy Hodara’s Jumia partners with Zipline to pioneer drone delivery across Africa
Jumia is Africa’s leading e-commerce platform.
Wealthy Tunisian Ben Yedder family loses $7 million in nearly six months
The ultra-rich Ben Yedder family owns a majority 53.3-percent stake in Ennakl Automobiles.
South African billionaire Christo Wiese-linked retailer Shoprite posts $334 million in profit in 2022
Wiese holds an 11.58-percent stake in Shoprite worth $862.4 million.
Nigerian billionaire Femi Otedola becomes university chancellor
Ten months ago, Otedola was also named vice president of UK-based NGO Save the Children.
Iain Williamson-led Old Mutual looks set to acquire South African insurer, Genric
The deal is still subject to regulatory approval.
Led by Kenya’s richest families, NCBA partners with Huawei to roll out digital banking products
NCBA Group is a Nairobi-based financial services conglomerate.
Malawian tycoon Hitesh Anadkat loses more than $38 million in 110 days from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Kenyan multimillionaire Mukuha family receives $31.5 million from Naivas stake sale
The Mukuha family retains a majority 60-percent stake in Naivas.
South African billionaire Patrice Motsepe to pocket $103-million in dividends from ARM
Patrice Motsepe is Southern Africa’s richest Black person.
Egypt’s richest man Nassef Sawiris loses $130 million in August as net worth slides below $6.8 billion
Sawiris derives his wealth from a 38.8-percent stake in Netherlands-based OCI N.V. and his six-percent shareholding in Adidas.
African-American billionaire Shawn ‘Jay-Z’ Carter’s has now lost $100 million since start of 2022
Jay-Z is the world’s 2,076th richest man.
South African billionaire Patrice Motsepe’s ARM reports lower earnings and revenue as iron ore prices decrease
ARM is a major South African mining and minerals company.