Nigerian businessman Dozy Mmobuosi charged by SEC in alleged massive fraud
The SEC accused him of inflating figures and and engaging in billions of dollars’ of fictitious transactions.
Nigerian billionaire’s cement firm commences operations at multimillion-dollar plant line
BUA Cement has solidified its position as Nigeria’s second-largest cement producer.
Leeming-led group seals $400-million deal to acquire Emperors Palace owner
To fund this strategic acquisition, Sun International is opting for a strategic infusion of new debt.
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
Beyonce’s net worth jumps $350 million with creative exploits and historic tour
A key contributor to Beyonce’s financial success is attributed to her recently concluded Renaissance World Tour, which brought in $100 million (post-tax).
Nigerian banker Herbert Wigwe-led Access Bank ventures into Hong Kong market
Wigwe highlighted the significance of Access Holdings’ presence in the Hong Kong market, emphasizing its potential to boost cross-continental trade.
Nigerian billionaire Aliko Dangote sees wealth surge by $400 million, cements status as Africa’s richest
Dangote’s net worth has risen from $15.8 billion on Dec. 1 to $16.2 billion — the recent uptick has narrowed his year-to-date wealth losses to $2.49 billion.
Indian billionaire Sunil Mittal’s firm spends $115 million to increase interest in Airtel Africa
Mittal, the chairman of Bharti Airtel, has cemented his position as one of the world’s wealthiest individuals, with a net worth of $15.4 billion.
Kenyan tycoon Peter Njonjo takes timeout amid operational turmoil at Twiga Foods
Njonjo, in his remarks, mentioned that he would be focusing on personal matters during his leave.
Leading Black executive Roz Brewer earns $14.1-million salary from Walgreens
Examining the nuances of Brewer’s 2023 compensation, highlighting an 18.24-percent decrease following her departure from Walgreens in September.
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.
Swazi billionaire Natie Kirsh adds $300 million to his fortune in 14 days
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
Beyonce nears $1-billion net worth, joining the world’s wealthiest Black individuals
Beyonce’s net worth has soared to an impressive $800 million, marking a significant increase from $540 million at the start of this week.
Zimbabwean tycoon July Ndlovu-led Thungela slashes coal production amid rail crisis
The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Led by South African tycoon Giovanni Ravazzotti, Italtile faces 2.9-percent sales dip in 5 months
Earlier this year, Ravazzotti, recognized as one of South Africa’s wealthiest and most influential business figures, received a substantial windfall of $5.03 million in dividends.