Nigerian businessman Tony Elumelu calls for investment in African healthcare innovation
Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
Egyptian tycoon Ashraf Sabry’s Fawry posts Q1 2024 revenue surpassing $20 million
Fawry’s impressive Q1 performance fueled investor confidence. During trading on the Egyptian Exchange on Tuesday, shares surged 3.99 percent to close at EGP6 ($0.128).
Egyptian billionaire Hisham Talaat Moustafa’s group breaks ground on $8.4-billion project in Saudi Arabia
The development project builds on TMG’s successful track record in Africa and the Middle East.
Vodacom, led by South African executive Shameel Joosub, reports $8.2 billion in revenue
Maintaining its leadership in South Africa and across the continent, Vodacom reported strong growth in key segments, with financial services emerging as a major driver.
Africa’s richest man Aliko Dangote donates 10,000 rice bags to needy in Anambra
The move adds to the foundation’s recent efforts to alleviate economic hardships and address critical social issues in Nigeria.
Nigerian oil magnate Emeka Offor makes new donation following $30-million book distribution
The donation adds to Offor’s extensive philanthropic record.
Egyptian tycoon Hisham Talaat Moustafa makes nearly $200 million from TMG shares
The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
Moroccan billionaire Othman Benjelloun’s bank partners with Bank of Palestine for regional expansion
The partnership extends beyond financial cooperation. It also aims to promote trade and investment flows between Morocco and Palestine.
Africa’s richest man loses $2.6 billion amid naira’s descent as worst-performing currency
The decline follows a brief uptick in April fueled by the Central Bank of Nigeria’s (CBN) efforts to address a backlog of dollar obligations, which strengthened the naira.
South Africa’s richest man Johann Rupert’s Richemont acquires Italian jeweler
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.
Nigerian banker Segun Agbaje-led GTCO gets approval for $750 million capital raise
The targeted capital will be sourced through public offerings, private placements, rights issues, and other instruments.
Beyond chart-topping diss tracks: Kendrick Lamar’s ventures and property portfolio
Beyond his chart-topping hits and captivating performances, Kendrick Lamar has demonstrated a keen eye for business ventures and strategic investments.
Lagos-based Greek businessman makes $17.1 million from stake in Flour Mills
Founded in 1960 by the late George Coumantaros and now led by his son John Coumantaros, Flour Mills has become a major player in Nigeria’s food and agro-allied industries.
South African-British billionaire Clive Calder’s fortune jumps $300 million in 16 days
Calder’s recent wealth surge solidifies his position as a top figure on both the African and global stages, underscoring his enduring influence.
Africa’s first Black billionaire Patrice Motsepe backs Lesaka as it inks $85-million deal to acquire Adumo
Motsepe, who became Africa’s first Black billionaire in 2008 thanks to his mining ventures, is establishing a new base for his fortune, building resilience, and seeking future opportunities.
French billionaire’s firm buys $30.6-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice, signaling its expanding ambitions in Africa’s entertainment market.