Patrice Motsepe's wealth drops $200 million in December, despite Tyme's $1.5 billion valuation
The decline in Patrice Motsepe's wealth has been spurred by the recent drop in the market value of his mining investments.
Hot News
Jay-Z’s effort to dismiss assault case rejected, business continues to thrive
On Thursday, Judge Analisa Torres ruled against Jay-Z’s legal team, rejecting their motion to dismiss the claims.
Pieter Engelbrecht pockets $4.5 million as Shoprite CEO
Shoprite CEO Pieter Engelbrecht’s 2024 compensation package comprises a secure base pay of $1.01 million and a performance-based short-term incentive of $917,841.
Haldane McCall launches $97 million bond for affordable housing solutions
Highlighting the urgency, Akinlade noted that Lagos State has built only 13,000 homes since 1999, reinforcing the need for private-sector participation.
Jonathan Gibson gains $3.29 million from stake in Chobe Holdings
This performance has solidified Gibson’s position among the wealthiest investors on the BSE.
Beltone approves $211 million to power expansion and growth goals
The fresh funds will support Beltone's initiatives to deepen its capabilities and strengthen its competitive positioning in the MENA region’s fast-evolving financial services sector.
Madinet Masr secures $177 million for Egypt’s development projects
The development projects, which are set to generate more than five million jobs, will help bridge the housing gap.
FirstRand’s Mary Vilakazi took home $2.2 million in 2024
This remuneration reflects her instrumental role in steering the company’s growth and maintaining its industry dominance.
Vitafoam Nigeria’s profit slumps amid naira devaluation, revenue rises 56%
Vitafoam expands ECOWAS presence with strong Sierra Leone market acceptance, overcoming local financial challenges.
InfraCredit backs Nigeria’s green sukuk solar project with $12.5 million UK support
Shari’ah-compliant green finance initiative to power rural Nigeria with solar energy.
Meet the founders of Juicyway: transforming fintech and cross-border payments in Africa
Justin Ziegler and Ife Johnson are leading the charge in simplifying cross-border payments through innovation and financial inclusion.
Co-op Bank reports $100.1-million profit, joins MSCI Frontier Markets Index
Kenya’s Co-operative Bank achieves remarkable growth, boosts global visibility, and plans local expansion.
Sai Mart to rebrand Choppies Zimbabwe outlets in major retail expansion
Raj Modi’s Sai Mart to acquire Choppies Zimbabwe stores, reshaping the formal retail landscape.
Senegalese mogul Yérim Sow faces international arrest warrant over fraud charges
Benin issues warrant for Sow and collaborator, signaling a crackdown on economic crimes in West Africa.
Juicyway secures $3 million to transform cross-border payments
Nigerian fintech startup Juicyway aims to streamline currency exchange with a hybrid DeFi-TradFi solution.
Access Holdings secures CBN, SEC nod for $228 million rights issue completion
The completion of this offering underscores Access Holdings’ strategic resilience and its ability to meet the evolving demands of Nigeria’s financial sector.