Africa’s wealthiest man Aliko Dangote sees net worth rise by $1.4 billion in 2021
The richest Black man alive has amassed a staggering $19.2-billion net worth through Dangote Group.
African Billionaires
Moroccan multimillionaire Hassan Amor loses $6.7 million in 11 days as wary investors offload stakes in Microdata
Microdata is a leading Moroccan IT company, providing integration, support and consulting services.
Egyptian real estate tycoon Hisham Talaat Moustafa gains $107 million as TMG shares surge
TMG is one of the largest conglomerates in Egypt, founded by the late Talaat Moustafa in 1974.
Karl Toriola-led MTN Nigeria receives preliminary green-light to operate payment service bank
Both MTN Nigeria and Airtel Africa have received approval-in-principle for a service bank license.
Ahmed Mekky’s Benya Group eyes IPO in Egypt and foreign equity market
Benya Group is a leading digital solutions and ICT infrastructure provider in Egypt, the Middle East and Africa.
James Mwangi’s Equity Group appears set to acquire local rivals as part of growth strategy
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
Charles Mbire-led MTN Uganda gets thumbs up to market IPO to local investors in Kenya
MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
Mark Blair-led Mr Price expects half-year earnings to jump by 30 percent thanks to strong retail trading operations
Although retail companies saw their income drop in 2020, a fast recovery is expected for market leaders like Mr Price.
John Moxon’s Meikles reports 89.3-percent drop in earnings for 2021, while revenues grow by three percent
Meikles is a Zimbabwe-based company with a diverse portfolio of investments.
Aga Khan IV loses $4.07 million in two months as shares in Nation Media Group slump by 19 percent
Aga Khan IV holds a 44.7-percent stake in the group through The Aga Khan Fund for Economic Development.
Nigerian banking mogul Atedo Peterside acquires stake worth $817,300 in Stanbic IBTC Holdings
The share purchase was made despite a 57-percent decline in the company’s earnings.
Mauritian multimillionaire Hector Espitalier-Noel gains $7.3 million in single month as ENL shares surge by 15.8 percent
ENL is a broad-based conglomerate managing a portfolio of more than 120 global and homegrown brands.
South African exec Duncan Wanblad to pocket at least $1.71 million as new Anglo American CEO
His total salary package as the new CEO is expected to be significantly higher.
Startup founders Ham Serunjogi, Olugbenga Agboola lead Payhippo to secure $3 million in seed funding
Payhippo is an AI-driven lending platform that provides loans to small businesses.
Saltzman family’s Dis-Chem Pharmacies resumes dividend payment, owners to pocket $10.8 million
Dis-Chem Pharmacies is a leading pharmacy retail and healthcare group based in South Africa.
Tunisian businessman Moncef Mzabi gains $7.4 million in 2021 as shares in ARTES surge by 55 percent
An automobile industry leader, ARTES is the official dealer of the Renault and Nissan brands in Tunisia.