Egyptian billionaire unveils coastal city in UAE
Naguib Sawiris' Ora Developers launches Bayn, a coastal city in Ghantoot, blending vibrant urban living with serene Arabian Gulf waterfront.
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Mike Adenuga, before the billions, was Africa’s leading car stereo importer
Before building his empire, Adenuga spotted an early opportunity in an unexpected place: car stereos.
Heirs of Peter Mukuha Kago in fresh feud over Naivas
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
Aliko Dangote’s Dangote Cement posts $130 million profit in Q1 2025
Despite challenges, Dangote Cement's revenue grew 21.7%, reaching N994.7 billion ($618.3 million), up from N817.35 billion ($508.4 million).
Absa Bank led by Sello Moloko faces fresh sanctions
This development comes after an inspection in 2022 that revealed lapses in Absa's adherence to critical regulatory requirements.
Stephen Saad loses $130 million as Aspen shares fall amid contract dispute
This follows a $148.7 million contract dispute tied to mRNA technology.
Manu Chandaria: Kenyan industrialist behind billion-dollar conglomerate
At 96, Chandaria is still at the helm, guiding Comcraft into its next phase with plans to take key subsidiaries public.
EFCC declares Aisha Achimugu wanted in $150 million fraud case
EFCC declares Aisha Achimugu wanted in a $150.3 million fraud probe involving offshore oil assets, money laundering, and 136 suspicious bank accounts.
Lamia Tazi gains $14 million from Sothema stake in 18 days
This upswing has further cemented her position among Morocco’s wealthiest individuals.
Peter Munga reclaims Equity Group stake with $1.3 million new shares
The move boosts his direct stake in East Africa’s largest lender at a time when the bank continues to post strong results and maintain its market dominance.
Stephen Saad’s Aspen faces $148.7 million contract dispute
Aspen shares dive 30% amid $148.7 million mRNA tech dispute, stoking investor fears over financial stability.
Abdul Samad Rabiu’s BUA Cement posts $62 million profit in Q1 2025
Pre-tax profit for the first quarter of 2025 surged to $62 million, marking a significant increase from the same period last year.
Craig Arnold-led Eaton declares $407.2 million dividend
Eaton, led by CEO Craig Arnold, announces a $407.2 million quarterly dividend, showcasing its strong financial performance and commitment to shareholder value.
Capitec to pay $47.6 million to three South African shareholders
Capitec to pay $47.6 million to three South African shareholders
Gabriel Ogbechie’s Eterna stake declines by $6.3 million
In just two months, his holdings have lost N10.16 billion ($6.32 million) due to the recent decline in stock price.
Gerrie Fourie’s salary at Capitec Bank totals $5.6 million
This reflects his role in steering the bank through a period of significant growth, strengthening its position as a leader in the country’s financial sector.