Bank led by Nigeria’s richest banker, Jim Ovia, posts $370-million half-year profit
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
African Billionaires
Africa’s doyen of accounting, Akintola Williams, dies at 104
Williams also played a pivotal role in establishing the Nigerian Exchange and served as the first president of ICAN.
Irma Stern’s ‘Praying Arab’ painting from Zanzibar set for auction in Cape Town
‘Praying Arab’ stands as a remarkable representation of Stern’s distinctive style during her golden period, roughly spanning from 1933 to 1948.
South African executive Fani Titi earns $9.4-million salary at Investec in 2023
Titi’s compensation package encompasses a base salary of $1.3 million and a performance-based short-term incentive of $1.97 million.
Egyptian billionaire Hassan Allam’s firm unveils expansion into UAE
Under Hassan Allam and his brother, Amr Allam, Hassan Allam Holding boasts a construction backlog that surpasses $3 billion.
5 companies owned by Nigerian energy magnate Austin Avuru
Billionaires.Africa has cataloged companies owned by and linked to Avuru. Here are five companies under his direct or indirect ownership.
Nigeria’s second-richest man Abdul Samad Rabiu’s gains $1.2 billion in 45 days
Rabiu’s fortune has taken a remarkable turn, with his net worth bouncing back by more than $1 billion.
Shoprite, linked to South African billionaire Christo Wiese, sees profits soar to $308 million
Wiese, an influential figure in the retail sector, holds an 11.58-percent stake in Shoprite, valued at over $900 million.
Firm linked to Kenyan tycoon Chris Kirubi’s heirs to secure $20-million loan from IFC
Centum Real Estate (Centum RE) is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
South African tycoon Neal Froneman earns $10-million salary from Sibanye-Stillwater
Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
12 inspirational quotes from the late South African tycoon Raymond Ackerman
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
10 companies owned by Will Smith
Smith is one of the most successful actors of his generation, grossing in excess of $4 billion for his movies.
19-year-old star Coco Gauff wins first Grand Slam title, raking in $3-million prize
Gauff is set to cement her position again as one of the world’s highest-paid tennis players and top-earning individuals.
Egyptian tycoon Hend El-Sherbini hit by $25-million loss in IDH investment
El-Sherbini remains one of Egypt’s richest businesswomen and one of the top investors on the Egyptian Stock Exchange.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Botswana tycoon Farouk Ismail faces $3-million loss from Choppies stake
The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.