Nicky Oppenheimer’s wealth jumps $1.5 billion
This boost solidifies his position as the second-richest person in South Africa and the 227th richest individual globally.
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Patrice Motsepe faces $195-million lawsuit in Tanzania over alleged breach of contract
South African billionaire Patrice Motsepe faces a $195-million lawsuit in Tanzania over allegations of breaching a non-compete agreement, a case that could set a legal precedent for the country's mining sector.
Oando Plc reports profit decline despite revenue surge, citing operational setbacks
Oando Plc reports a 44-percent profit decline despite a 51-percent revenue surge, attributing the drop to operational setbacks, rising costs, and concerns flagged by independent auditors.
MTN Nigeria aims for $30.4-million commercial paper issuance to boost liquidity amid naira devaluation and rising costs
MTN Nigeria plans to raise $30.4 million through commercial paper issuance to strengthen liquidity amid naira devaluation and rising operational costs.
Access Holdings' earnings surge to $2.07-billion, driven by interest income and strategic expansion
Access Holdings reports a remarkable $2.07 billion in earnings for the first nine months of 2024, driven by strong interest income and strategic expansion across its banking and non-banking subsidiaries
South African billionaire Wendy Ackerman honored as 2024 Hall of Femme inductee by IWFSA
Wendy Ackerman, co-founder of Pick 'n Pay, has been honored as a 2024 Hall of Femme inductee by IWFSA, recognizing her outstanding contributions to business and societal development in South Africa.
Heirs Energies pledges to advance sustainable energy at African Energy Week 2024
Heirs Energies is set to drive sustainable energy solutions at African Energy Week 2024, aligning with Tony Elumelu’s vision for transforming Africa’s energy sector.
Fresh petition stalls Stella Oduah's N7.9-billion fraud arraignment for the sixth time
The fraud arraignment of former Aviation Minister, Stella Oduah has been delayed for the sixth time due to a fresh petition filed by co-defendants, calling for a review of the charges.
Oando commits to driving Nigeria’s energy future with sustainable solutions
Oando Group pledges to drive Nigeria’s energy future through sustainable solutions, with major projects like Okpai leading the way.
CI Capital completes $80 million bond issuance, setting record in Egypt’s non-banking sector
The six-tranche bond issuance is underpinned by assets from Tasaheel, which served as the originator of the portfolio.
MTN Uganda posts $637.4 million revenue in 9M 2024
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).
The 10 biggest donations by Femi Otedola: How he is building a legacy of impact
Otedola’s generosity has touched lives nationwide, with substantial donations spanning education, health, security, and economic empowerment.
Safaricom's CEO Peter Ndegwa earns $1.95 million in 2024 salary
This marks a 19.4 percent decline from last year's earnings of $2.42 million, primarily due to a 31.7 percent drop in the value of share-based awards.
El-Sewedy brothers lose $175 million after becoming Egypt's newest billionaires
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Top five companies led by Egyptian billionaire Mohamed Mansour
Mohamed Mansour, through his leadership of Mansour Group and various strategic ventures, has built a global business empire spanning industries such as automotive, heavy machinery, food services, and sports.