Khaled Mahmoud-led MTI declares financial results for period ending June 30
MTI is an Egyptian company that operates in the consumer electronics distribution and retail segment.
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Malawian tycoon Hitesh Anadkat lost $2.18 million from Telekom Networks Malawi this year
Telekom Networks Malawi is the oldest telecom company in Malawi.
Thandi Orleyn-led Implats expects 2021 financial year to close on strong note as HEPS grows
The platinum miner expects basic and headline earnings per share to grow by more than 20 percent.
South African multimillionaire Johan Burger earns $5.33 million as FirstRand shares soar
Shares in Africa’s largest bank by market capitalization have been on the rise since the start of the year.
Nigeria’s third-richest man Abdul Samad Rabiu loses $751.22 million in 108 days
BUA Cement is the second-largest producer of cement products in Nigeria after Dangote Cement.
Self-made millionaire, politician Hakainde Hichilema declared winner in Zambian presidential election
Hichilema has been declared the president-elect, with only one constituency left to be counted.
South African tycoon Koos Bekker loses $86.58 million in six days as investors sell off Naspers shares
Naspers is a global Internet group and one of the largest technology investors in the world.
New report reveals exclusive deal between Zimbabwe and U.S.-sanctioned businessman Kudakwashe Tagwirei
Tagwirei is a controversial businessman who was sanctioned by the United States in August 2020.
Fleetwood Grobler-led Sasol posts $715.41 million in profit as chemicals and crude oil prices surge
The result displays the group’s ability to bounce back from losses suffered during the previous financial year.
Meet the 17 Black billionaires in the world in 2021
There are 2,755 billionaires in the world today. Only 17 are Black.
Obafoluke Otudeko gains $11.84 million as Honeywell shares surge by 81 percent to three-year high
Otudeko owns a majority stake in Honeywell Flour Mills Plc.
Mauritian Ah Chuen family earns $3.86 million from ABC Banking Corp in 149 days
The gains came off the back of a double-digit rise in the bank’s share price on the Mauritian bourse.
Nigerian oil tycoon Emeka Offor donates medicine worth $24.36 million to local health facilities
Health facilities across Nigeria will benefit from the donation from the Sir Emeka Offor Foundation.
July Ndlovu’s Thungela Resources declares solid interim dividend
The news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
Patrick Mweheire-led Stanbic Holdings Kenya posts $32.10-million mid-year profit
The financial services sector is revving up for recovery to pre-pandemic levels.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.