Moniepoint secures $110 million in Series-C round backed by Google
This funding will elevate the company’s digital payment and banking capabilities, reinforcing its commitment to revolutionizing financial services across Africa.
Femi Otedola leads FBN Holdings to $371.9 million profit in 9M 2024
FBN Holdings posts robust financial results as profit surges 125 percent under Femi Otedola’s leadership.
Transcorp's revenue surpasses $180 million in the first nine months of 2024
Tony Elumelu, chairman of Transcorp Group.
Harmony Gold records $3.47 billion in revenue at close of fiscal year 2024
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
Barry Swartzberg gains $43.3 million from stake in South Africa’s Discovery
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Femi Otedola’s $2.25-million gift to Augustine University deepens commitment to education
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.
This Nigerian entrepreneur built a $28-million-a-year plastic and mat business
Salisu Buhari's remarkable transformation from the shadows of political scandal to establishing a thriving multimillion-dollar manufacturing empire.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Dangote Cement revenue surges 69 percent to $1.56 billion in nine months
Pan-African operations drive growth; profit margins remain steady despite rising costs.
Johann Rupert's wealth drops by $700 million in October amid Richemont stake decline
The decline is primarily attributed to fluctuations in his stake in Richemont, the luxury conglomerate that houses brands like Cartier and Chloé.
Savannah Clinker gains edge in Bamburi Cement takeover after Amsons, Holcim pullout
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
Suresh Bhagwanji Shah’s stake in I&M Group surges past $36 million
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.
Gabriel Ogbechie’s stake in Eterna surpasses $13 million on NGX
Nigerian oil magnate solidifies his position among the country’s richest investors.
Prosus aims for $400-million e-commerce profit by 2025
CEO Bloisi emphasizes profitability and strategic divestments in core business