South African tech mogul Zak Calisto takes $180 million hit on Karooooo stake
The $809.2 million decline comes after a brief surge between Jan. 27 and Feb. 6, when his holdings gained $71 million before the downturn wiped out those gains.
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South African billionaire Patrice Motsepe re-elected unopposed as CAF President
His leadership has reshaped CAF’s financial outlook, attracting record sponsorship deals and boosting revenue streams.
Anglo American, led by South Africa’s Duncan Wanblad, to restructure operations, reduce jobs
The company is shedding assets and gearing up to spin off its platinum division in a push to streamline operations and boost profitability.
Nigerian gambling magnate Kessington Adebutu’s stake in Wema Bank falls $4.92 million
The decline comes after a strong run between Jan. 24 and Feb. 14, when Adebutu’s stake surged by $5.23 million.
10 companies owned by Ghanaian tycoon Paa Kwesi Nduom
Paa Kwesi Nduom has built a diverse empire spanning banking, media, hospitality, and more, creating jobs and driving economic growth across Ghana and West Africa.
Egyptian businessman Hani Berzi's Edita Food Industries to raise capital by $2.76 million
Edita Food Industries plans a $2.76 million capital boost via retained earnings, doubling issued capital to $5.53 million as part of its regional expansion strategy.
Standard Bank, led by South African banker Sim Tshabalala, posts $2.4 billion earnings
Under Tshabalala, Standard Bank has continued to strengthen its position as a leading financial institution in Africa, expanding its reach while delivering strong profits.
Gabon’s Samuel Dossou-Aworet, Nigeria’s Abdulrazaq Isa, and Adegbite Falade lead $2.4 billion Shell asset takeover
This acquisition aligns with Shell’s strategy to exit Nigeria’s onshore oil sector, where security risks, environmental concerns, and community unrest have posed persistent challenges.
Why Tony Elumelu isn't a dollar billionaire yet
Reports have speculated that his net worth stands at $2.15 billion, but Forbes remains the recognized authority in wealth rankings—anything else is just speculation.
Decoding the UK's new tax reforms: What high-net-worth Africans need to know
Why the Statutory Residence Test matters: The UK's new tax rules abolish the "non-dom" system, meaning foreign income and gains are now taxable even if kept abroad.
South African billionaire Patrice Motsepe’s net worth rebounds to $3 billion after $300 million gain
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
Egyptian businessman Hisham Talaat Moustafa gains $54 million as TMG stock rises
The recovery follows a sharp decline between Jan. 1 and Feb. 7, when the market value of his stake dropped by EGP 2.84 billion ($56.48 million).
Elsewedy Electric, led by the Egyptian billionaire El-Sewedy family, reports $4.58 billion revenue
With a strong financial foundation, Elsewedy Electric is positioning itself for further expansion, reinforcing its role as a key player in the global energy and infrastructure market.
South African banker Jason Quinn receives $5.8 million salary from Nedbank
The salary reflects his leadership in driving the bank’s growth, strengthening its market position, and navigating an evolving financial landscape.
Access Holdings, led by Aigboje Aig-Imoukhuede, to finalize National Bank of Kenya acquisition
The deal, which has been in the works for months, is now awaiting final approval from the Central Bank of Kenya (CBK).
Exxaro appoints Zimbabwean mining tycoon as chief executive, declares $165 million dividend
Ben Magara’s appointment follows a fast-tracked selection process after the resignation of former CEO Nombasa Tsengwa.