South African tycoon Gus Attridge gains nearly $12 million from Aspen shares
Attridge, Aspen’s group chief advisor, and a JSE heavyweight, holds a 4.3-percent stake in the pharmaceutical company, amounting to 19,033,829 ordinary shares.
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Eaton under Black CEO Craig Arnold reports Q1 2024 sales topping $5.9 billion
The Arnold-led intelligent power management company benefited from robust demand in its Electrical Americas segment.
Nigerian tycoon Tony Elumelu’s UBA delivers $102.25-million profit in Q1 2024
Under Elumelu’s leadership, UBA’s total comprehensive income for the period also rose, from N51.03 billion ($36.56 million) to N581.47 billion ($416.7 million).
5 business ventures owned by Elton Brand
Elton Brand spread his influence beyond the basketball court to the realm of business with companies like Human Ventures, Gibraltar Films, Milk Media Studios, amongst others.
South African tycoon Johan Burger’s FirstRand stake gains $2.1 million in 15 days
Burger, a former CEO and non-executive director at FirstRand, owns a minority 0.11-percent stake, equivalent to 6,000,000 shares, in the leading financial services group.
Co-op Bank led by Gideon Muriuki secures $25.2 million to support women-owned businesses in Kenya
Muriuki, Co-op Bank’s CEO and managing director, welcomed the financing, emphasizing the critical need to bolster support for women-owned businesses.
Nigeria’s richest banker Jim Ovia loses $13.3 million from Zenith Bank stake
Despite this short-term setback, Ovia retains his position as Nigeria’s richest banker, underscoring his enduring success as a prominent businessman in the country.
One of America’s richest Black CEOs, Craig Arnold loses $7.5 million from Eaton stake
This setback follows a period of notable loss of $6.2 million between April 5 and 13, when Arnold’s stake in Eaton decreased from $170.89 million to $164.68 million.
Ahmed El-Sewedy-led electric group seals deal to advance grain silos industry in Egypt
This initiative aligns with the Egyptian government’s food security strategy of localizing grain silo manufacturing.
Africa’s richest man Aliko Dangote’s sugar firm aims to end sugar imports by 2028
Dangote highlighted the importance of the government’s national backward integration policy, which aims to create a self-sufficient domestic sugar industry by incentivizing local producers.
Ugandan tycoon Charles Mbire’s MTN Uganda hits 20 million customer milestone
MTN Uganda boasts an impressive 98 percent coverage area, serving a vast majority of the Ugandan population.
Backed by billionaire Patrice Motsepe, GoSolr unveils $538.5-million South Africa expansion
Founded in 2021, GoSolr has been at the forefront of making solar energy accessible, affordable, and flexible for all.
Moroccan billionaire Othman Benjelloun loses $41 million from Bank of Africa stake
Benjelloun remains not only Morocco’s second-wealthiest individual after Prime Minister Aziz Akhannouch but also one of the most prosperous investors on the local bourse.
Russell Okung: The Athlete-Tech Serial Investor
Beyond the limelight of the football field, Okung’s impact is felt in the tech and crypto world with investments in top tech startups.
Access Holdings posts $113.1-million Q1 profit under Nigerian banker Aigboje Aig-Imoukhuede
The group finds renewed support with the return of Aig-Imoukhuede, a business and philanthropic leader, following the passing of banking titan Herbert Wigwe.
Egyptian banker Karim Awad leads EFG Hermes in $12.5-million debt issuance for HSB
The issuance marks a significant milestone for EFG Hermes, representing its fifth such issuance and the second within a pre-approved EGP2-billion ($41.8 million) program.