Kenyan tycoon Vimal Shah’s Bidco Africa buys Ribena, Lucozade maker in Kenya
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Burkina Faso’s banking mogul Idrissa Nassa’s Coris Bank Togo hits $845 million in assets
The steady growth underscores Coris Bank International’s commitment to expanding its West African footprint under Idrissa Nassa’s leadership.
Egyptian billionaire Hisham Talaat Moustafa leads TMG to record $843.3 million revenue in 2024
The company’s growth is attributed to the continued success of its real estate ventures and the booming hospitality sector.
South African executive Simon Baloyi-led Sasol posts $6.7 billion in revenue in H1 2024
The decline in revenue was driven by a combination of weaker oil prices, a 5 percent drop in sales volumes, and softer market demand.
Africa’s richest man Aliko Dangote is $213 million richer this year
The increase is tied to his 86 percent stake in Dangote Cement Plc, Africa’s largest cement producer, which has gained nearly $200 million in value this year.
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Karp’s fortune falls to $7.7 billion a month after joining Black billionaires worth over $10 billion
The decline is tied to the performance of his 2.63-percent stake in Palantir.
Weeks after crypto scam, Tanzania’s richest man Mohammed Dewji hits $2.2 billion net worth
The latest surge in his net worth comes just weeks after he raised concerns about cybersecurity and the growing use of deepfake technology in financial scams.
Mary Vilakazi leads Africa’s biggest lender to $1.23 billion half-year profit
Led by South African banker Mary Vilakazi, FirstRand continues to demonstrate resilience and solid returns for shareholders despite challenging economic conditions.
Aliko Dangote’s refinery, others under pressure as NNPC ends naira-for-crude deal
The move is expected to drive up operational costs and could lead to higher fuel prices.
