South African tycoon Adrian Gore’s Discovery posts $411.6 million in earnings in FY 2024
The group’s results for the 2024 fiscal year showcase a headline earnings figure amounting to $411.6 million.
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Nigerian businessman Tony Elumelu's UBA targets $20-trillion revenue in 25 years
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.
Banking mogul Yemi Odubiyi secures $45-million capital boost for Sterling HoldCo
Banking mogul Yemi Odubiyi leads Sterling HoldCo's $45-million capital injection, demonstrating investor confidence in the company's innovative strategies and long-term value creation.
South Africa’s richest man Johann Rupert boosts Remgro dividend despite 20-percent earnings decline
South Africa’s richest man Johann Rupert boosts Remgro’s dividend by 10% despite a 20-percent earnings decline, emphasizing long-term value creation amid challenging market conditions.
South African insurance tycoon Adrian Gore leads Discovery's 38-percent dividend lift as profits surge
Discovery Bank grew its client base by 36 percent, despite a 41-percent drop in profit.
Fidson, owned by Nigerian tycoon Fidelis Ayebae, strikes deal to establish pharmaceutical plant
The deal is part of a broader initiative to enhance self-sufficiency in Africa’s healthcare infrastructure, particularly in the battle against HIV.
David Steward secures position as richest Black billionaire in U.S. with $12.7-billion fortune
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
Kenyan telecom tycoon Peter Ndegwa launches new Safaricom airtime plan to lift revenue
Ndegwa launches Safaricom's Sh1 airtime purchase option via M-Pesa, aiming to attract low-budget consumers and drive revenue growth.
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion, providing African businesses with secure access to international financial services.
Jumia Nigeria CEO Sunil Natraj leads rural e-commerce expansion to boost market reach
Jumia Nigeria CEO Sunil Natraj drives the rural e-commerce expansion targeting underserved areas in Nigeria.
African-American billionaire Alex Karp's Palantir partners with Nebraska Medicine in multimillion-dollar healthcare deal
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.
Egyptian billionaire Ahmed Ezz’s steel group posts $460-million profit in H1 2024
This marks a substantial recovery from the loss the company recorded during the same period in 2023.
South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
Boxing legend Floyd Mayweather lists Beverly Hills mansion for $48 million
Boxing legend Floyd Mayweather lists his Beverly Hills mansion for $48 million, nearly doubling the price he paid in 2017, as part of his extensive real estate investments.
OCI, owned by Egypt’s richest man Nassef Sawiris, to sell methanol business for $2.05 billion
The $2.05-billion deal includes U.S. and European assets and a stake in Natgasoline LLC.
Eswatini’s richest man Natie Kirsh gains $1.66 billion in 2024
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.