Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.
African Billionaires
Joshua Oigara-led Kenya Commercial Bank Group posts $139.7-million mid-year profits
Earnings surged by more than 100 percent in the first six months of 2021.
Nigerian tycoon Theophilus Danjuma acquires additional 60-percent controlling stake in BOC Gases
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.
Karim Awad-led EFG Hermes posts $48.09-million mid-year profits thanks to robust performance
EFG Hermes Holding is an Egyptian financial services company.
Nigerian court restrains AMCON from further actions against tycoon Jimoh Ibrahim
Ibrahim is the group managing director of NICON Insurance and Nigeria Re.
South African CEO Mark Blair takes home $1.26 million, sees bump in earnings from Mr Price Group
Mr Price Group is a listed retail company in South Africa.
Moroccan real estate tycoon Alami Lazraq gains $6.3 million as ADI shares rebound
Alliances Developpement Immobiliere is Morocco’s largest home and hotel builder.
Phuthuma Nhleko exits MTN International Advisory Board
Nhleko served as a member of the IAB since its inception in 2019.
Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
Strive Masiyiwa’s Econet Wireless records 77-percent increase in data volumes in Q1 2021
The publicly traded company made the disclosure in a trading update for the quarter, ending May 31.
Khaled Mahmoud-led MTI declares financial results for period ending June 30
MTI is an Egyptian company that operates in the consumer electronics distribution and retail segment.
Malawian tycoon Hitesh Anadkat lost $2.18 million from Telekom Networks Malawi this year
Telekom Networks Malawi is the oldest telecom company in Malawi.
Thandi Orleyn-led Implats expects 2021 financial year to close on strong note as HEPS grows
The platinum miner expects basic and headline earnings per share to grow by more than 20 percent.
South African multimillionaire Johan Burger earns $5.33 million as FirstRand shares soar
Shares in Africa’s largest bank by market capitalization have been on the rise since the start of the year.
Nigeria’s third-richest man Abdul Samad Rabiu loses $751.22 million in 108 days
BUA Cement is the second-largest producer of cement products in Nigeria after Dangote Cement.
Self-made millionaire, politician Hakainde Hichilema declared winner in Zambian presidential election
Hichilema has been declared the president-elect, with only one constituency left to be counted.