Peter Munga reclaims Equity Group stake with $1.3 million new shares
The move boosts his direct stake in East Africa’s largest lender at a time when the bank continues to post strong results and maintain its market dominance.
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Stephen Saad’s Aspen faces $148.7 million contract dispute
Aspen shares dive 30% amid $148.7 million mRNA tech dispute, stoking investor fears over financial stability.
Ngugi Kiuna’s BOC Kenya eyes growth after Carbacid's failed deal
BOC Kenya, led by Ngugi Kiuna, targets independent growth after the collapse of its acquisition deal with Carbacid, refocusing on market expansion.
Abdul Samad Rabiu’s BUA Cement posts $62 million profit in Q1 2025
Pre-tax profit for the first quarter of 2025 surged to $62 million, marking a significant increase from the same period last year.
Craig Arnold-led Eaton declares $407.2 million dividend
Eaton, led by CEO Craig Arnold, announces a $407.2 million quarterly dividend, showcasing its strong financial performance and commitment to shareholder value.
Capitec to pay $47.6 million to three South African shareholders
Capitec to pay $47.6 million to three South African shareholders
Gabriel Ogbechie’s Eterna stake declines by $6.3 million
In just two months, his holdings have lost N10.16 billion ($6.32 million) due to the recent decline in stock price.
Gerrie Fourie’s salary at Capitec Bank totals $5.6 million
This reflects his role in steering the bank through a period of significant growth, strengthening its position as a leader in the country’s financial sector.
Dominic Sewela's Barloworld $1.2 billion bid gets PIC backing
The PIC has pledged its support by agreeing to accept a standby offer for 41.6 million Barloworld shares, which translates to 21.93 percent of the company’s total issued shares.
Jannie Mouton’s Capitec Bank stake gains $209 million
The rise in Jannie Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Hassanein Hiridjee powers Senegal’s solar future
AXIAN Energy, controlled by Hassanein Hiridjee, is set to build a solar-plus-storage facility in Senegal’s underserved Kolda region, boosting clean power access.
Zak Calisto’s Karooooo stake gains $71.5 million in 15 days
Calisto’s 64.81% stake in Karooooo—about 20 million shares—has gained $71.5 million in market value over the past two weeks.
Aisha Abdulaziz to become first woman to list Nigerian company
Aisha Abdulaziz called the NGX listing “a national moment,” citing Legend’s mission to build Africa’s most customer-focused, innovative internet company.
CIVH, backed by Johann Rupert’s Remgro, valued at $667 million
The decline has sparked debate, with Remgro recently valuing Maziv at $2.8 billion, outpacing even larger rivals like Telkom.
Michiel le Roux’s Capitec Bank posts record $742.5 million profit
The performance underlines the leading retail bank’s ability to deliver in a challenging global economic environment.