Absa led by South Africa executive Arrie Rautenbach seals deal with French giant Renault
The collaboration introduces Renault Financial Services, a new financing and services platform designed for Renault customers.
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Robert F. Smith regains top spot as America’s richest Black billionaire
This comes after a month-long reign of David Steward, majority shareholder and co-founder of World Wide Technology (WWT).
Digital bank backed by Africa’s first Black billionaire hits 12.4 million customers in South Africa, Philippines
This achievement comes less than a decade after its inception and is bolstered by a significant $110 million secured in its Series C capital raise finalized in January 2024.
Firm linked to Namibian tycoon Quinton van Rooyen confirms $763-million diamond resource
This revelation follows Trustco’s divestiture of a 70-percent stake in the Meya Mining diamond mine to Sterling Global Trading last year, retaining a 19.5-percent interest.
Revolt unveils new ownership after Sean ‘Diddy’ Combs sells his shares
Diddy divested his stake in March amid ongoing federal investigations and sexual abuse allegations against him.
South Africa’s Ackerman family makes $21 million from Pick ‘n Pay stake
The Ackerman family holds a 25.53-percent stake in Pick n Pay, equivalent to 124,677,238 shares.
Burkinabe tycoon Mahamadou Bonkoungou expands commercial airline fleet to four aircrafts
This new acquisition represents a major milestone for the company. From the outset of its operations one year ago, LIZ Aviation had announced its expansion fleet to four aircraft.
Zimbabwean social entrepreneur Tsitsi Masiyiwa recognized by Bryant University
Masiyiwa received an honorary doctorate from Bryant University, the same institution where her daughter Vimbai graduated in 2017.
Pan-African billionaire Benedict Peters’ Bravura to begin Zimbabwe lithium production in 2025
Bravura, owned by pan-African billionaire Benedict Peters, has announced plans to start production at a Zimbabwean lithium project early next year.
Rihanna expands beauty empire with launch of Fenty Hair, targeting $107 billion market
The recent announcement follows Rihanna’s recent visit to Shanghai to promote the April launch of Fenty Beauty in mainland China
Femi Otedola boosts stake in First Bank parent with new shares worth $7.7 million
Femi Otedola now holds a 7.01 percent stake in the financial services group.
Nigerian oil magnate Wale Tinubu’s Oando resumes trading on Johannesburg Stock Exchange
Oando’s return to JSE is seen as a positive boost for investor confidence and market position under Wale Tinubu’s leadership.
Anthony Joshua eyes $192-million Watford takeover after earning $83 million in past year
The former two-time heavyweight champion, who earned $83 million over the past year, is now setting his sights on the football world.
Egypt’s wealthy Khamis family gains $11 million from Oriental Weavers stake in 6 days
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Nigerian billionaire Femi Otedola clashes with Zenith Bank over ‘fraudulent transactions’
The confrontation between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated further.
Fidson healthcare to raise $12.9 million as Nigerian tycoon Fidelis Ayebae seeks shareholder approval
Fidson Healthcare Plc, a leading Nigerian pharmaceutical manufacturing company led by Fidelis Ayebae, will seek shareholders’ approval to raise additional capital of up to N20 billion at its forthcoming 25th Annual General Meeting.