Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
Billionaires Africa
Fidson, led by Fidelis Ayebae, declares $1.49 million dividend for shareholders
The payout reflects the pharmaceutical group’s focus on rewarding investors following an impressive financial performance in 2024.
Tullow Oil, backed by Samuel Dossou-Aworet, writes down Kenya assets by $145.4 million
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
Ghabbour family stake in Cairo-based automaker nears $300 million
GB Corp. stock has risen 19.91% in the past five weeks, boosting the Ghabbour family’s stake value by $45.73 million.
South African tycoon Barry Stuhler’s Lighthouse declares $29.5 million dividend
This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.
Sibanye’s 89MW wind farm begins commercial operation under Neal Froneman
Sibanye-Stillwater, led by Neal Froneman, begins commercial operations at 89 MW Castle Wind Farm, advancing its renewable energy goals and sustainability efforts.
The World’s Black billionaires in 2025
With a combined fortune exceeding $96 billion, Black billionaires are shaping industries from energy and tech to media and infrastructure.
South African billionaire Rob Hersov to launch media empire
The entrepreneur aims to launch a platform like ‘The Daily Wire’ for South Africa, expanding his influence in media and politics.
Standard Bank, led by Sim Tshabalala, raises sustainable finance commitments to $24.5 billion
Standard Bank boosts sustainable finance to $24.5 billion by 2028, reinforcing its role in Africa’s energy transition while balancing climate goals with economic growth.
Nicky Oppenheimer, South Africa’s second-richest man, loses $800 million
The recent dip means Oppenheimer has lost $250 million year-to-date, reversing the $550 million gain recorded just 38 days ago.
OpenAI raises $40 billion, two months after Ogunlesi joins board
The funding is part of OpenAI’s broader push toward artificial general intelligence (AGI).
Equity Group to reward Kenyan banker Mwangi with $4.2 million dividend payout
His stake in the lender, worth over $45 million, represents a 3.39 percent share in the leading financial services group.
CIC Group, linked to Kenyan tycoon Gideon Muriuki, unveils $5.6 million bonus issue
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
Aradel, led by Nigerian businessman Ladi Jadesimi, declares $62 million dividend
Aradel reports record earnings, raises dividends, and expands its asset base through strategic acquisitions, strengthening its position in Nigeria’s energy sector.
Top 10 richest bank founders in Africa
Africa’s richest bank founders expand financial access, influence policy, and attract investment, strengthening the continent’s banking sector and economic stability.
Tanzanian tycoon Ally Edha Awadh hit by regulatory hurdle in Kilifi LPG project
The ruling adds to Kenya’s growing regulatory scrutiny of LPG projects, following past crackdowns by the EPRA on non-compliant firms.