Nigerian tycoon Tony Elumelu to reinvest $4-million dividend in UBA rights issue
“I’m advising shareholders, as you get your dividends, reinvest a significant part of it,” Tony Elumelu said.
Senegalese superstar Sadio Mane rakes in $52 million in past year
This hefty sum comes after his move to Saudi Pro League club Al Nassr, joining Cristiano Ronaldo in the lucrative league.
Nigerian businessman Tony Elumelu’s UBA distributes $53.4-million dividend to shareholders
During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by assets.
Egyptian football superstar Mohamed Salah earns $53 million in past year
Beyond his on-field achievements, Salah has parlayed his influence into lucrative endorsement deals with industry giants like Adidas.
Bank led by Nigerian billionaire Femi Otedola declares $9.9-million dividend for shareholders
One of Nigeria’s most valuable banking groups, FBN Holdings has solidified its position in the financial services industry.
Rihanna visits Shanghai following Fenty Beauty launch in China earlier this year
In a strategic move to solidify Fenty Beauty’s global dominance, Rihanna expanded the brand into China last month — her net worth sits at $1.4 billion according to Forbes
Egyptian tycoon Hisham Talaat Moustafa gains $59 million from TMG shares
This significant upswing not only solidifies Moustafa’s status as one of the most influential investors on the EGX, but also elevates him to the ranks of Africa’s billionaires.
Nigerian-born British boxer Anthony Joshua rakes in $83 million over past year
This has propelled him into the ranks of the world’s highest-paid athletes, according to the 2024 Forbes list.
Oriental Weavers, under Egyptian tycoon Yasmine Khamis, plans investment in education
The announcement came from Yasmine Khamis on the sidelines of the United Nations Global Compact Annual Forum hosted by the UNGCNE.
Algerian-born French entrepreneur Sue Nabi loses $33.6 million from Coty stake
Despite this setback, Sue Nabi remains a pivotal figure in the beauty industry.
Streaming giant Netflix buys 50 Cent’s documentary on Diddy sexual assault allegations
G-Unit Film & Television, 50 Cent’s production company, confirmed Netflix secured the rights after a bidding war among streaming services.
Meet Bella Disu: Nigerian business executive leading one of Africa’s largest telecom companies
Under Bella Disu’s leadership, Globacom has positioned itself as Nigeria’s largest provider of digital services.
South African tech mogul Zak Calisto gains $56 million from Karooooo shares
Zak Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company
Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for Northern Coast project
Under Yasseen Mansour’s leadership, Palm Hills reported a $51.1 million profit at the end of its 2023 fiscal year, reflecting a robust 25.9 percent year-over-year increase.
Beyond the game: 5 Black athletes make Forbes’ top 10 highest-paid list
Black athletes are leading the charge, with five securing spots among the world’s top ten. They collectively earned $551.7 million.
Flutterwave hits $3.2 billion valuation under Nigerian tech entrepreneur Olugbenga Agboola
Under the leadership of Agboola, Flutterwave continues its mission to connect Africa to the world and vice versa by simplifying payments.