Thom Mpinganjira’s FDH Bank stake hits $500 million
This significant growth comes after a notable rise in the shares of the Blantyre-based lender on the Malawi Stock Exchange (MSE).
Billionaires Africa
Egyptian businessman Hani Berzi to pocket $6.9 million dividend
This payout, which more than double what he received last year, underscores Edita’s strong financial position and its commitment to rewarding shareholders.
Beyoncé’s hair care line launches in retail stores
The Ulta partnership marks an important new chapter for Cécred, which first launched as a direct-to-consumer brand through cecred.com.
Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
Benedict Peters: How envy-fuelled fiction tried—and failed!
Benedict Peters is not an invader, but an investor. He is not a threat, but a thriving thread in the fabric of African economic renaissance.
Adebola Adegunwa donates $1 million trauma center to Nigerian hospital
The center, which was completed in less than a year, marks a major step forward in the region’s emergency healthcare capabilities.
7 companies the late Nigerian businessman Pascal Dozie owned
Pascal Dozie, founder of Diamond Bank and key figure in Nigeria’s telecom sector, passed away at 86, leaving a legacy of transformative entrepreneurship.
Vikesh Ramsunder: The South African leading Australian pharma giant
South African executive Vikesh Ramsunder leads $20 billion Sigma Healthcare, driving its turnaround following a transformative merger.
JP Morgan acquires additional shares in Bernard Berson-led Bidcorp
JP Morgan, the world’s largest bank by market capitalization, buys additional shares worth $290 million in Bernard Berson-led Bidcorp.
Safwan Thabet's stake in Juhayna drops by $65 million
Juhayna shares have plunged over 18% in six weeks, wiping over $65 million from Egyptian businessman Safwan Thabet’s stake.
Pascal Dozie, founder of defunct Diamond Bank, dies at 86
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.
Benedict Peters resolves dispute at Accra Apartment Complex, no arrests, police confirm
Pan-African billionaire Benedict Peters’ dispute over lift access at an Accra apartment complex led to a peaceful vehicle protest, resolved without disruptions.
Top 10 richest people in Morocco
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
LeBron James-backed Lobos 1707 signs strategic vodka deal with Diageo
This partnership marks a fresh start for Ciroc and a major leap forward for Lobos 1707, which has quickly gained traction in the booming agave spirits market.
Zimbabwe’s richest man Strive Masiyiwa’s AI factory to cost $720 million
The facility, which is set to launch in South Africa by June 2025, will provide businesses, governments, and researchers with world-class AI computing capabilities.
MTN, led by Ralph Mupita, partners with Synamedia to launch streaming platform
By employing multiple monetization strategies, the platform will be adaptable to the unique demands of different African markets.