Adrian Gore’s Discovery stake nears $750 million
South African insurance tycoon Adrian Gore nears billionaire status amid Discovery’s strong performance.
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Equity Group, led by star Kenyan banker James Mwangi, to raise salaries for female employees
Equity Group, led by Kenyan banker James Mwangi to increase salaries for female employees to narrow the gender pay gap and promote pay equity.
Shoprite, linked to South African billionaire Christo Wiese, to sell furniture unit to Pepkor for $179 million
The sale includes the OK Furniture and House & Home brands, as well as Shoprite's credit loan book, insurance arrangements, inventory, and certain fixed assets.
Hitesh Anadkat-backed Letshego to award free shares to employees
This strategic move aims to align employee interests with shareholders and comply with the Banking Institutions Act of 2023.
Khamis family faces nearly $10-million loss from Oriental Weavers stake
The Khamis family's shares in Oriental Weavers have dropped nearly $10 million due to recent selling pressures on the EGX.
Battle for Africa’s richest: Johann Rupert’s wealth drops by $900 million, Dangote set to overtake
According to Bloomberg, Johann Rupert edges Aliko Dangote by $100 million, with a net worth of $13.4 billion vs. Dangote's $13.3 billion.
Saltzman family’s stake in Dis-Chem drops below $600 million
Renowned South African family’s net worth takes a hit as stake in Dis-chem declines.
Christo Wiese's Shoprite reports $348-million profit in 2024
Shoprite Holdings reports robust 2024 financial performance amidst economic challenges.
Woolworths, led by Group CEO Roy Bagattini, posts $4.3-billion revenue in 2024
The company's revenue surged to $4.3 billion, primarily driven by strong sales growth in its core South African operations.
Gautam Adani launches airport unit in Kenya
The Kenya entry supports India's second-richest man, Gautam Adani's goal of modernizing airport infrastructure in the region.
Sue Nabi’s stake in U.S. beauty giant falls below $300 million
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in the beauty giant plummets below $300 million.
Azza Elsewedy becomes top female investor on EGX with $80-million stake in Elsewedy Electric
Elsewedy claims the top spot on the Egyptian Exchange with stake in multinational cable and electrical equipment manufacturer, Elsewedy Electric.
Nigerian billionaire Femi Otedola applauds Dangote refinery for disrupting fuel import market
Nigerian billionaire Femi Otedola praises the Dangote refinery for its impact on reducing Nigeria's dependency on fuel imports.
Ladi Jadesimi's Aradel becomes Nigeria’s latest billion-dollar energy group with $1.2-billion market cap
Aradel Holdings has surged past the $1 billion valuation mark, with its market capitalization exceeding $1.2 billion
Dis-Chem exec Stanley Goetsch divests $19 million in shares for portfolio diversification
Goetsch's divestiture provides insights into expected corporate governance and strategic directions, crucial for investors and market analysts.
Oprah Winfrey assembles top AI experts for exclusive TV special
The world’s richest Black woman, Oprah Winfrey, dives into AI with new TV special.