Demola Sogunle-led Stanbic reports 50-percent decline in mid-year profits for 2021
The holding revealed that its mid-year profit in 2021 slumped by 50 percent to $54.7 million.
African Billionaires
South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Mining tycoon Patrice Motsepe’s ARM records 136-percent growth in headline earnings for 2021
The group announced that it will pay a final dividend of $1.40 per share, resulting in a total annual dividend of $2.10 per share.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Ten female moguls redefining the role of women on the African media scene
In the 1980s-1990s, only a handful of women were visible on Africa’s media scene. Now things have changed.
Controversial billionaire Kudakwashe Tagwirei takes backseat in new $2.5-billion plan in Zimbabwe
Zimbabwe will partner local and international bankers to create its largest financial services company.
State-controlled HDB signs partnership deal with Elsewedy Electronics to build third technical academy
The academies offer a secondary-level technical education in electrical skills meeting international standards.
Nigerian banking tycoon Herbert Wigwe to pocket $1.1-million interim dividends from Access Bank
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
The 10 South African golfers with the highest earnings
Golf has found a place to stay on the African continent, with South Africa taking the lead.
South African billionaire Michiel Le Roux earns $274.8 million as Capitec shares rebound
Capitec Bank is a leading South African bank and one of the largest lenders in the country.
Son of late Sothema Founder Omar Tazi gains $25.1 million in four days as company shares rebound
Moroccan businessman Mohammed Tazi has seen the market value of his stake skyrocket this week.
Politician Moulay Hafid Elalamy signs amended deal with Stellantis Group on Morocco’s behalf
The newly amended agreement was signed on Sept. 3 in Casablanca, Morocco’s capital.
South African billionaire Johann Rupert’s wealth soars by $210 million in four days
This takes his total gains this year to more than $1.5 billion.
Mercia Geises-led Standard Bank Namibia posts $13.2-million mid-year profit
The company’s earnings fell by 16.5 percent compared to 2020.
South African pharma tycoon Stephen Saad seeks license for J&J COVID-19 vaccine
His company, Aspen Pharmacare, is a multinational South African holding.
Halted J&J vaccine shipment from South Africa to Europe will be returned: Zimbabwean tycoon Strive Masiyiwa
The batch of COVID-19 vaccines was produced by Aspen Pharmaceuticals and shipped from South Africa.