Abdirashid Duale’s Dahabshiil expresses concern over conflict in Sudan
The Duale-led group is concerned about the situation in Sudan and how it might affect its clients and customers.
Billionaires Africa
African wealth management firms need to catch up to global trends
Mutendi argues that African wealth managers need to catch up to their international peers.
Jay-Z dominates wealth race with $1.3-billion net worth surge in 2023
With the latest $1.3 billion bump in his net worth, Jay-Z has joined the ranks of billionaires worth over $2.5 billion.
Piet Mouton’s stake in Capitec yields $10 million in dividends amid robust growth
Capitec Bank was founded more than 20 years ago by Michiel Le Roux, Riaan Stassen, and Piet Mouton’s father, Jannie Mouton.
Ten companies owned by Aliko Dangote that you’ve never heard of
Dangote owns several valuable, privately-held, unquoted companies that add hundreds of millions of dollars to his wealth.
Zimbabwean tycoon Paddy Zhanda’s wealth surges by $10 million in 2023
Zhanda owns an 8.08-percent beneficial stake in Masimba Holdings.
Aliko Dangote’s cement company pays over $80 million in income taxes in Q1 2023
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
South African Ackerman family to receive $9.57 million in dividends from Pick ‘n Pay
The Ackerman family is one of the richest families in South Africa.
Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $20 million in 48 days
With a 43.16-percent stake in TMG, Moustafa ranks among the richest investors on the Egyptian Exchange.
Egyptian tycoon Mostafa Kandil’s SWVL faces compliance issues with Nasdaq
SWVL Holdings Corp is a global provider of tech-enabled mass transit solutions.
Bank linked to Tanzanian billionaire brothers secures operating license in DRC
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank.
Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
South Africa’s richest man Johann Rupert takes a hit, loses $229 million in 24 hours
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
FMB Capital shares boost Hitesh Anadkat’s fortune by $44 million, making him one of Malawi’s richest
Anadkat’s wealth gains even further cement his position as one of Malawi’s top 10 richest businessmen.
Meet Tosin Eniolorunda: Visionary leader breaking boundaries in Nigeria’s fintech industry
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.