Demola Sogunle-led Stanbic reports 50-percent decline in mid-year profits for 2021
The holding revealed that its mid-year profit in 2021 slumped by 50 percent to $54.7 million.
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South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Ten female moguls redefining the role of women on the African media scene
In the 1980s-1990s, only a handful of women were visible on Africa’s media scene. Now things have changed.
The 10 South African golfers with the highest earnings
Golf has found a place to stay on the African continent, with South Africa taking the lead.
South African billionaire Michiel Le Roux earns $274.8 million as Capitec shares rebound
Capitec Bank is a leading South African bank and one of the largest lenders in the country.
Son of late Sothema Founder Omar Tazi gains $25.1 million in four days as company shares rebound
Moroccan businessman Mohammed Tazi has seen the market value of his stake skyrocket this week.
Politician Moulay Hafid Elalamy signs amended deal with Stellantis Group on Morocco’s behalf
The newly amended agreement was signed on Sept. 3 in Casablanca, Morocco’s capital.
The 10 Kenyan executives who took home the highest salary in 2020
Executives in top Kenyan companies received decent pay in 2020 despite the impact of the COVID-19 pandemic.
Andrew and James Ndegwa set to pocket $944,500 interim dividend from Kenya’s NCBA Group
The two brothers own a joint stake amounting to 138,525,913 ordinary shares in NCBA Group.
Herbert Wigwe’s Access Bank posts $211.1-million mid-year profit on back of robust balance sheet
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
Aviation tycoon Allen Onyema signs sponsorship deal with Nigerian Football Federation
The deal makes his Air Peace the official airline carrier of the country’s national football teams.
Nigerian banking tycoon Jim Ovia to pocket $3.7-million interim dividend from Zenith Bank
The dividend will be paid from the bank’s $257.8 million in profits earned in the first half of 2021.
John Gachora-led NCBA Group reports 77-percent growth in mid-year profit
A strong underlying performance across key segments of its business saw its profit increase by double digits.
The 10 investors on the Nigerian Exchange with the highest gains in 2021
Founders and investors on the Nigerian Exchange have seen their wealth rise astronomically since the start of the year.
Peter Steekamp’s Harmony Gold unveils gold extension projects worth $537 million
Harmony Gold is South Africa’s most extensive gold mining company. It also operates in Papua New Guinea.