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.
African Billionaires
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.
Retail tycoon Mark Lamberti’s Massmart moves to withdraw 14 Game stores from East and West Africa
The withdrawal comes as part of a strategic move to focus on its primary market.
The 10 Kenyan executives who took home the highest salary in 2020
Executives in top Kenyan companies received decent pay in 2020 despite the impact of the COVID-19 pandemic.
Andrew and James Ndegwa set to pocket $944,500 interim dividend from Kenya’s NCBA Group
The two brothers own a joint stake amounting to 138,525,913 ordinary shares in NCBA Group.
Herbert Wigwe’s Access Bank posts $211.1-million mid-year profit on back of robust balance sheet
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
Aviation tycoon Allen Onyema signs sponsorship deal with Nigerian Football Federation
The deal makes his Air Peace the official airline carrier of the country’s national football teams.
10 female mining tycoons in South Africa worth knowing
South Africa’s mining sector is a notable driver of the economy, employing a significant portion of its workforce.