Zimbabwean executive Ralph Mupita leads MTN to $6 billion revenue in H1 2025
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
Billionaires Africa
Nigerian billionaire Femi Otedola releases memoir 'Making It Big'
Nigerian billionaire Femi Otedola has released his memoir, Making It Big, offering a candid look at his rise as a self-made entrepreneur and insights into Africa’s business world.
Alain Nkontchou, the Cameroonian banker behind $100-million Ecobank stake
Alain Nkontchou invests $100 million to become Ecobank’s largest shareholder with 5.95 billion shares and greater influence on its future.
Dominic Sewela led-Barloworld’s $1.3 billion buyout wins final nod from tribunal
South Africa’s Competition Tribunal approves Barloworld’s $1.3 billion buyout, protecting jobs and expanding Black ownership as the group prepares to delist.
Oando, led by oil mogul Wale Tinubu, distributes 679 million shares to investors
Oando, led by Wale Tinubu, issues 679 million bonus shares, rewarding investors with 8.3% amid Nigeria’s oil market challenges.
Egyptian tycoon Safwan Thabet adds $81 million from Juhayna stake
Egyptian tycoon Safwan Thabet’s Juhayna stake jumps $82 million as shares rally on the EGX, lifting his fortune close to $600 million.
Access Holdings, led by Aigboje Aig-Imoukhuede, backs Zambia with $100 million pledge
Access Holdings pledges $100 million to boost Zambia’s energy and agriculture, strengthening power supply and food security.
South African billionaire Patrice Motsepe’s ARM to buy $3.3 million Canadian copper stake
ARM boosts copper exposure with a $3.3 million Surge Copper stake, giving Patrice Motsepe’s group nearly 20 percent ownership.
Gambian tech multimillionaire Muhammed Jah donates 500-seater pavilion to Banjul stadium
Muhammed Jah’s 500-seat pavilion at KG5 mini stadium ends years of rain-soaked match days for Banjul’s most devoted football fans.
Zimbabwean executive, Ralph Mupita’s MTN shares now valued at $11.2 million
MTN CEO Ralph Mupita’s stake rises to $11.2 million in 2025, reflecting strong company growth and his leadership impact across Africa.
South Africa’s richest man Johann Rupert loses $1.8 billion in recent weeks
Johann Rupert’s net worth falls $1.8 billion as Richemont shares drop, despite strong luxury jewelry sales and $8.6 billion cash reserves.
Triumph Over Legal Tyranny: Billionaire Benedict Peters’ £50m UK Property Battle Ends in Victory
Billionaire Benedict Peters ends decade-long UK property dispute, reclaiming £50 million in London real estate and asserting faith and principle.
Moroccan billionaire Anas Sefrioui gains $57 million from Casablanca-based developer
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Cameroonian banker Alain Nkontchou to acquire Nedbank’s $100 million Ecobank stake
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
South African banker Sim Tshabalala to end 14-year run as Standard Bank CEO in 2027
The announcement comes even as the Johannesburg-based bank raised its executive retirement age from 60 to 63 in line with global corporate trends.
Nigerian oil mogul Wale Tinubu's Oando approves $1.5 billion funding plan
The funding plan allows Oando to issue bonds, certificates, and other securities in phases, subject to regulatory clearance.