Hani Berzi’s stake in Egypt’s packaged food company surges above $190 million
Over the past 15 days, Berzi's stake has surged by EGP823.77 million ($16.92 million), increasing the market value of his holdings above $190 million.
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Harmony Gold records $3.47 billion in revenue at close of fiscal year 2024
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
NCBA Bank Kenya cuts fees on business accounts to boost SME cash flow amidst rising loan rates
NCBA Bank Kenya launches a “No Monthly Fees” initiative for business accounts, easing financial pressure on SMEs as loan rates rise.
Nigerian tycoon Tony Elumelu to co-chair New Africa Summit at Saudi Arabia’s Future Investment Initiative
Tony Elumelu, chairman of UBA and founder of the Tony Elumelu Foundation, will co-chair the New Africa Summit at the 8th Future Investment Initiative in Riyadh, advocating for Africa’s economic role on the global stage.
Dis-Chem, led by Ivan Saltzman, eyes disruption of South African life insurance market with new venture
Dis-Chem, under the leadership of Ivan Saltzman, plans a disruptive entry into South Africa’s life insurance market, challenging Discovery Life with data-driven, cost-efficient offerings.
Jamaican billionaire Michael Lee-Chin boosts luxury real estate development with financing support
Jamaican-Canadian billionaire Michael Lee-Chin steps in to fund Reading Heights, a luxury residential project poised to meet Jamaica’s premium housing demand.
Seven businesses owned by Nigerian business mogul and philanthropist Theophilus Danjuma
Nigerian entrepreneur and philanthropist Theophilus Danjuma drives economic growth and social change through a diverse portfolio of businesses across energy, agriculture, and telecommunications.
ArcelorMittal SA rejects $1-billion acquisition bid from Networth Investments
The rejected offer aimed to secure a controlling stake in the company, with ArcelorMittal reaffirming its commitment to operational independence amid ongoing ownership discussions.
Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
John Gachora made $1.4 million as CEO of NCBA Group last year
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
Dangote Group commits $280 million to CNG technology for Nigeria’s low-carbon future
The move aligns with President Bola Tinubu’s push to make gas central to Nigeria’s low-carbon economy.
Barry Swartzberg gains $43.3 million from stake in South Africa’s Discovery
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Femi Otedola’s $2.25-million gift to Augustine University deepens commitment to education
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.
FirstRand to appeal UK Court ruling on motor finance broker transparency
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
TFG expands footprint with acquisition of UK Fashion brand White Stuff
TFG is poised to expand its international portfolio with the acquisition of White Stuff, a UK-based fashion and lifestyle brand.
This Nigerian entrepreneur built a $28-million-a-year plastic and mat business
Salisu Buhari's remarkable transformation from the shadows of political scandal to establishing a thriving multimillion-dollar manufacturing empire.