Britam, backed by leading Kenyan investors, reports $38.9 million profit in 2024
Britam’s net profit surged 53% to $38.9 million in 2024, fueled by higher investment income, disciplined cost management, and strong underwriting performance.
Billionaires Africa
Pick n Pay, backed by Ackerman family, opens new store after closing 32 locations
This comes barely two months after the company closed 32 stores as part of its restructuring plan.
MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
South African tycoon Gus Attridge loses $15.73 Million as Aspen stake sinks
Attridge, co-founder and group chief advisor of Aspen Pharmacare, holds a 4.3-percent stake in the company.
Gervais Koffi Djondo: Togolese visionary behind Ecobank and Asky Airlines’ rise
Djondo’s legacy extends beyond banking, his vision for economic integration has reshaped finance and aviation across Africa.
Meet the 22 African billionaires of 2025: Nigeria claims four, South Africa leads with seven
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
Forbes releases 2025 African billionaires list, Elumelu, Danjuma miss out
But while two new faces joined the exclusive club, two notable figures, Nigerian business tycoons Tony Elumelu and Theophilus (TY) Danjuma, were conspicuously absent.
Pandega, led by Zimbabwean executive Michael Fowler, hits $223 million revenue in 2024
Padenga’s strong performance was largely powered by its gold mining subsidiary, Dallaglio Investments, which contributed 86 percent of the group’s revenue.
From $1.8 billion deal to legal trouble: Nigerian businesswoman Aisha Achimugu wanted for money laundering
The move follows her involvement in a $1.8 billion oil project with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada.
Seydou Kane: Reclusive Malian tycoon with business ventures spanning real estate, telecom, and finance
Malian-born Seydou Kane built a thriving business empire in Gabon across real estate, finance, and trade, while fostering diplomatic and philanthropic ties.
One of America’s richest Black CEOs suffers $28.9 million loss from Eaton stake
Eaton shares have dropped 17.46% since the start of the year. A $100,000 investment in Eaton at the beginning of 2025 is now worth $82,540, reflecting a loss of $17,460.
South Africa’s IDC seeks control of ArcelorMittal SA, linked to Noluthando Gosa
ArcelorMittal SA, the country’s largest steel producer, has faced growing challenges from rising production costs, cheap imports, and unreliable rail services.
Segun Agbaje leads GTCO to record $661.3 million profit, sets $134.4 million dividend payout
This highlights the leading lender’s robust financial discipline and commitment to maximizing shareholder value.
Capitec CEO Gerrie Fourie to retire after over a decade of leadership
This marks the end of more than a decade-long tenure in which he played a key role in transforming Capitec into the country’s leading digital bank.
Orascom, owned by Sawiris family, plans Egypt cutback after $2.6 billion Saudi deal approval
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Sim Tshabalala-led Standard Bank backs $5 billion oil pipeline
Standard Bank leads a $5 billion financing deal for Uganda-Tanzania oil pipeline, signaling cautious investor confidence despite environmental opposition.