Moroccan pharma executive Lamia Tazi gains $8.14 million from Sothema stake
Tazi holds an 8.19 percent stake in Sothema, equivalent to 589,658 shares.
Billionaires Africa
Stephen Saad leads Africa’s largest drugmaker to $1.2 billion in half-year revenue
The growth was fueled by the successful integration of acquired products in Latin America.
Egyptian tycoon Hani Berzi’s Edita Foods stake surges past $170 million
His stake's market value has climbed by $5.75 million, reversing some of the sharp declines recorded earlier this year.
Natie Kirsh, Africa’s oldest billionaire, is half a billion dollars richer this year
At 93, his fortune has grown by $504 million since January, pushing his net worth from $9.3 billion to $9.83 billion, according to the Bloomberg Billionaires Index.
GB Corp., led by Egypt’s Ghabbour family, reports $58 million profit in 2024
This was driven by robust growth in both its automotive and financial services arms, underscoring its key role in Egypt’s automotive sector.
Egyptian tech tycoon Ashraf Sabry’s Fawry posts $31.8 million profit in 2024
The company’s financial performance reflects its dominant position in Egypt’s digital payments sector and the country’s growing shift toward cashless transactions.
Asoma Banda, Ghanaian business icon and philanthropist, dies at 91
His passing has been met with an outpouring of tributes from business leaders and close associates, reflecting on his remarkable legacy.
Alden McDonald Jr.’s bold move: Growing America’s largest Black-owned bank to $10 billion
Plans include opening a new corporate office near the French Quarter and expanding outreach in major cities.
Cement empire of Africa’s richest man posts $2.4 billion in 2024 revenue
Revenue from its Nigerian unit rose from N1.29 trillion ($860.6 million) to N2.19 trillion ($1.46 billion), helped by higher cement prices.
Hitesh Anadkat on track to become Malawi’s first billionaire as FMB stake nears $1 billion
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
Cement firm owned by Nigeria’s third-richest man posts $49.3 million profit in 2024
The cement manufacturer recorded a 6.4 percent rise in profit despite surging finance costs and operational expenses.
Cereals company tied to Kenyan tycoon Ngugi Kiuna faces receivership over $28.6 million debt
The move reflects the growing financial strain on Kenyan businesses as economic pressures mount.
Egyptian tycoon Yasmine Khamis’ Oriental Weavers to pay $21 million dividend
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.
Zimbabwe’s top 10 tech moguls
These are the leaders defining the country’s digital future.
Africa’s first Black billionaire Patrice Motsepe’s mining empire battles falling earnings
African Rainbow Minerals (ARM), led by Motsepe, forecasts a 55% drop in headline earnings on weaker iron ore prices.
Egyptian tycoon Ahmed El-Sewedy’s electric firm to build Hungary’s largest power plant in decades
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.