Standard Bank, led by Sim Tshabalala, commits nearly $1 billion to Barloworld acquisition
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
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Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom lands $160 million financing to enhance infrastructure
This will enable AXIAN to modernize its network infrastructure, expand 4G and 5G services, and fuel digital innovation across its operations.
South African pharma tycoon Stephen Saad’s Aspen stake rises above $550 million
With the recent rise in Aspen's stock price, the value of his holdings has crossed $550 million, marking a recovery after a challenging 2024.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods reports $182.7 million profit in 2024
The company’s profit more than doubled, reaching over $180 million, underscoring its growing influence and market presence in Nigeria’s food sector.
Ex-CEO of Africa’s most valuable company sees stake slump below $100 million
Tencent’s struggles and global tech uncertainty weigh on Africa’s most valuable company, Naspers.
Billionaire Femi Otedola leads FBN Holdings to record gross earnings of more than $2 billion
The group’s gross earnings surged past $2 billion, further solidifying its place among Nigeria’s leading financial institutions.
Sarbjit Singh Rai: Kenyan businessman leading East Africa’s industrial powerhouse
From expanding his family’s business empire to leading a multinational conglomerate, Sarbjit Singh Rai’s journey is one of strategic growth, resilience, and industry dominance.
British-Nigerian entrepreneur Ladi Delano’s startup acquires Brazil’s mobility provider Kovi
Deal strengthens global mobility fintech’s presence in Latin America, expands AI-driven fleet management.
10 assets owned by Nigeria’s richest woman Folorunso Alakija
Alakija’s path to prominence began in 1974, when she took on the role of secretary at Sijuwade Group, a conglomerate owned by the late Oba Okunade Sijuwade.
South African billionaire Jannie Mouton’s Capitec stake falls below $1 billion after $59.5 million drop
This decline comes after a strong 2024 performance that saw Mouton’s stake gain $350 million, soaring from over $650 million to beyond $1 billion.
Nigerian oil mogul Sayyu Dantata’s MRS Oil sees profits exceed $4 million in 2024
MRS Oil’s ability to navigate inflationary headwinds and leverage supply chain efficiencies highlights its resilience in Nigeria’s volatile energy sector.
10 Algerian businessmen you should know
These visionaries are transforming industries like steel, cement, and petrochemicals, while also embracing technological innovations to open new doors for growth.
Nigerian billionaire Femi Otedola’s Geregu Power reports $26 million profit in 2024
This robust result follows a history of consistent financial success, positioning the company at the forefront of Nigeria’s power sector.
Nigeria’s richest banker Jim Ovia gains $11.6 million as Zenith Bank completes public offer
This increase highlights the strong performance of the Lagos-based lender and the confidence investors have in its prospects.
Forbes ranks two U.S. Black billionaires above Nigeria’s richest man, Aliko Dangote
While Forbes values Dangote’s wealth at $10.6 billion, Bloomberg’s estimate at $27.2 billion includes his stake in the Dangote Oil Refinery.
French giant buys Guinness Ghana, two years after acquiring glass maker from Algerian businessman
This move is part of Castel’s broader strategy to expand its presence across Africa, having already established itself in North, West, and Central Africa.