Moulay Hafid Elalamy: Visionary businessman behind Morocco’s largest insurer
His vision has transformed Morocco’s insurance sector and shaped Africa’s financial and industrial landscape.
Hot News
South Africa's billionaire count rises to 7 with Jannie Mouton’s inclusion on Forbes' list
The boost in Mouton’s wealth is largely attributed to Capitec Bank, where he holds a 5.1 percent stake through the J.F. Mouton Familietrust.
Egyptian real estate mogul Abdallah Sallam leads Madinet Masr’s non-residential expansion
Madinet Masr Housing and Development (MNHD has announced plans to launch commercial projects, marking a significant shift in its business strategy.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
Absa Kenya, linked to Kenyan tycoon Baloobhai Patel, posts $229.3 million profit in 2024
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Peter Munga: Kenyan banker who built East Africa’s banking giant, Equity Group
His influence extends beyond banking, shaping industries such as insurance, agriculture, and education.
Burkina Faso opens new cement plant with Chinese support, challenging Dangote’s operations
With a production capacity of 2,000 tonnes per day, the new plant is expected to create hundreds of jobs for Burkina Faso’s youth.
South African billionaire Michiel Le Roux gains $166.76 million as Capitec shares climb
This latest increase builds on an earlier gain of $185 million between Jan. 28 and Feb. 10, when his stake climbed from $2.08 billion to $2.27 billion.
Ghanaian logistics tycoon Daniel McKorley’s firm seeks $445 million for salt expansion
Electrochem Ghana will use the funds to complete engineering, automate infrastructure, and build key facilities like pumps, pipelines, and a jetty for bulk exports.
Egyptian brothers Ahmed, Sadek El-Sewedy see $128 million surge in Elsewedy Electric
The brothers’ combined stake in the company is now valued at nearly $1.8 billion, a testament to their deep influence in the industry.
George Foreman, boxing legend and successful entrepreneur, passes away at 76
The Texas-born boxing legend died peacefully at a Houston hospital on Mar. 21, 2025, surrounded by loved ones.
BlackRock stock slide wipes $100 million off Adebayo Ogunlesi’s net worth
Adebayo Ogunlesi's fortune fell to $2.2 billion as BlackRock shares declined from $1,075 to $951.73 since Jan. 31.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in just six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Africa’s top 15 richest women
From oil and finance to cocoa and pharmaceuticals, Africa’s richest women are reshaping industries, driving economic growth, and redefining leadership.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr profit hit $58.3 million in 2024
The performance was driven by sustained market demand, strategic expansions, and a solid uptick in net operating revenues.