Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023
The leadership of the Mukuha family has played a pivotal role in the company’s growth.
Hot News
Nigerian billionaire banker Jim Ovia scores $43-million gain from Zenith Bank stake
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.
Aliko Dangote unveils $20.5-billion mega-refinery, fuel production set to begin in June
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
South Africa’s second-richest man Nicky Oppenheimer adds $75 million to his fortune
Oppenheimer is an influential figure in the business world.
Nigerian businessman Tony Elumelu’s stake in UBA now worth $44 million
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Africa’s richest man Aliko Dangote’s fortune surges by $1.81 billion in 2023
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
Swiss billionaire Gianluigi Aponte’s AGL wins contract to manage Zanzibar port
Aponte is the founder of MSC, the world’s largest shipping line and owner of Africa Global Logistics.
Jay-Z and Beyonce, worth $3 billion, splash $200 million on new home
Jay-Z and Beyonce got a deal on the purchase price, as the mansion was initially offered for $295 million.
Algeria’s richest man Issad Rebrab arrested over foreign dealings
Rebrab was reportedly arrested on May 17 by agents of the Algerian Central Office for the Fight against Organized Crime.
Kenyan banker Gideon Muriuki’s Co-op Bank rakes in $44.4 million profit in Q1 2023
Under the leadership of Muriuki, Co-op Bank has fortified its position as a key player in the region.
South African tycoon Adrian Gore’s net worth plunges $34.9 million amid Discovery’s share pullback
Gore’s net worth plummets by $34.9 million as Discovery’s shares face significant pullback.
Bank linked to Tanzanian billionaire brothers enters insurance market with new subsidiary
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.
Mauritian tycoon Hector Espitalier-Noel’s ENL reports stellar $33.9 million in profit
ENL Limited reports a stellar $33.9 million in profit, driven by robust revenue growth.
Ghanaian tycoon Daniel McKorley’s McDan Aviation boosts operations with two new aircraft
McKorley’s McDan Aviation expands fleet with two new aircraft, elevating luxury air travel in Ghana and West Africa.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.