Zenith Bank CEO Adaora Umeoji delivers $130,000 to Nigeria’s D’Tigress
Zenith Bank honors Nigeria’s women’s basketball champions with $130,000 after their 2025 AfroBasket victory.
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Cameroon's wealthy Mukete family fights Libyan bank over $200 billion iron ore deposit
Cameroon’s richest iron ore reserve has triggered a court fight in London, pitting the Mukete family against Libya’s central bank over ownership.
Egyptian tycoon Abdallah Sallam’s Madinet posts $26.4 million profit in H1 2025
Madinet Masr, led by Abdallah Sallam, posted $26.4 million profit in H1 2025, down 11.9%, as rising costs hit margins despite record sales and revenue growth.
South Africa’s richest Johann Rupert rebounds to $16.1 billion after Richemont surge
South Africa’s richest man Johann Rupert regains $1.2 billion in two weeks, lifting his fortune to $16.1 billion on Richemont gains.
GTCO’s CEO Segun Agbaje’s stake is now worth $2.5 million
Segun Agbaje’s stake in GTCO has surged to $2.5 million as shares rally, cementing his standing among Nigeria’s affluent bankers.
Burna Boy, Davido, Wizkid drive Nigerian entertainment industry toward $13.6 billion
Nigeria’s entertainment industry is projected to hit $13.6 billion by 2028, led by Burna Boy, Davido and Wizkid.
Capitec billionaire Michiel le Roux fuels DA with $1.4 million donation
Capitec founder Michiel le Roux, South Africa’s fifth-richest man, donated R25M to the DA, cementing his role as the party’s biggest backer.
Royal family of Morocco gains $2.2 billion from Attijariwafa Bank stake
Alaouite family’s stake in Attijariwafa Bank rises $2.2 billion, reflecting strong bank performance and strategic investments.
Black executive Marvin Ellison-led Lowe’s to return $676 million to shareholders in Q2 dividend
Lowe’s, led by CEO Marvin Ellison, declares $676.2 million quarterly dividend, up 4.35%, underscoring its commitment to shareholder value amid market challenges.
Millionaires from 4 nations account for more than half of Africa’s wealthy
Four nations now host more than half of Africa’s 122,500 millionaires, reshaping the continent’s wealth landscape.
South African businessman Mario Maio’s ACDC Dynamics acquires battery firm
South African businessman Mario Maio’s ACDC Dynamics acquires Blue Nova Energy from Reunert to expand lithium-ion battery operations amid easing load-shedding.
Hip-hop billionaire Jay-Z gains $100 million, remains world’s richest musician
Hip-hop billionaire Jay-Z gains $100 million, boosting his net worth to $2.6 billion and keeping him the world’s richest musician.
Allen Onyema’s Air Peace launches Nigeria’s first direct route to Brazil
Air Peace begins direct Nigeria–Brazil service, boosting trade, tourism, and cultural ties, while cutting travel time by nearly a day.
NCBA, backed by Kenya's richest families, posts $85.2 million H1 profit
NCBA, backed by Kenya’s richest families, posts $85.8 million H1 profit, driven by rising interest income despite lower deposits and total assets.
Nigerian entrepreneur Olakunle Williams expands Tetracore Energy gas facility in Ogun State
Tetracore expands CNG capacity to 6.2 million cubic feet per day, powering industries and supporting Nigeria’s cleaner energy goals.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.