Africa’s largest asset manager invests $494 million in Neal Froneman-led Sibanye
Sibanye receives a significant boost with a nearly $500-million investment from the South African government's wholly-owned asset management firm.
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Kenyan tycoon Andrew Ndegwa’s stake in NCBA surges above $26 million
Ndegwa sees $3.82-million gain as NCBA Group shares surge 16.8 percent on the Nairobi Securities Exchange.
Kenyan diaspora bond aims to fund airport expansion amid billionaire Gautam Adani's controversial $1.85-billion bid
Indian billionaire Gautam Adani's $1.85-billion unsolicited bid has faced backlash from Kenyans.
5 businesses owned by Gambian construction mogul Amadou Samba
Amadou Samba’s GACEM controls more than 70 percent of The Gambia’s cement market.
Egyptian billionaire Naguib Sawiris warns of potential real estate bubble amid economic challenges
Egyptian billionaire and Ora Developers Chairperson Naguib Sawiris has expressed concerns over the potential of a real estate bubble in Egypt.
Discovery Health rises to the top: How Adrian Gore’s vision made it Africa's leading insurer
Discovery Health has consistently risen through the ranks, from fifth place in 2019 to becoming Africa's leading insurer in 2024.
South African billionaire Michiel Le Roux’s Capitec Bank reports $369.4-million half-year profit
This rise from R4.69 billion ($270.22 million) in the same period last year highlights Capitec Bank’s resilience in a tough global economy.
Kenyan tycoon John Kimani's stake rebounds above $22 million
John Kimani, has seen his shares in Kakuzi surpass $22 million (Ksh2.87 billion), marking a gain of Ksh383.4 million ($2.97 million) in just eight days.
Botswana tycoon Ramachandran Ottapathu leads Choppies to $12.5-million profit
Choppies' profit for the period reached BWP164 million ($12.5 million), up from BWP150 million ($11.4 million) in the previous fiscal year.
Power Play: Johann Rupert overtakes Aliko Dangote again as Africa’s richest man
South Africa’s Johann Rupert reclaims the title of Africa’s richest individual with a net worth of $14.2 billion, surpassing Nigeria's Aliko Dangote.
Britam, owned by Kenya's richest investors, eyes investors with fixed-income dollar fund
This strategic move aims to tap into the growing interest in dollar-denominated instruments.
Greek tycoon John Coumantaros' Flour Mills of Nigeria plans to raise $120 million in capital
This move aims to strengthen the company’s financial base as it continues its aggressive growth trajectory, buoyed by recent stock gains and strong financial performance.
Nigerian tycoon Aliko Dangote invests $25 billion in oil, cement, and sugar in seven years
Nigerian billionaire Aliko Dangote announces over $25 billion in investments across oil, cement, and sugar sectors, aiming to bolster Africa's self-sufficiency and economic potential.
TymeBank, backed by Africa’s first Black billionaire Patrice Motsepe, hits 10-million-customer milestone
The bank, backed by Motsepe, has rapidly expanded since its launch in 2019, transforming the financial landscape in South Africa and beyond.
7 businesses owned by Nigerian visionary entrepreneur Cosmas Maduka
Maduka's inspiring journey from a humble upbringing to founding the thriving Coscharis Group showcases the transformative power of determination and innovation in shaping Nigeria's diverse economy.