Hitesh Anadkat-backed Letshego to award free shares to employees
This strategic move aims to align employee interests with shareholders and comply with the Banking Institutions Act of 2023.
Hot News
Khamis family faces nearly $10-million loss from Oriental Weavers stake
The Khamis family's shares in Oriental Weavers have dropped nearly $10 million due to recent selling pressures on the EGX.
Battle for Africa’s richest: Johann Rupert’s wealth drops by $900 million, Dangote set to overtake
According to Bloomberg, Johann Rupert edges Aliko Dangote by $100 million, with a net worth of $13.4 billion vs. Dangote's $13.3 billion.
Saltzman family’s stake in Dis-Chem drops below $600 million
Renowned South African family’s net worth takes a hit as stake in Dis-chem declines.
Christo Wiese's Shoprite reports $348-million profit in 2024
Shoprite Holdings reports robust 2024 financial performance amidst economic challenges.
Woolworths, led by Group CEO Roy Bagattini, posts $4.3-billion revenue in 2024
The company's revenue surged to $4.3 billion, primarily driven by strong sales growth in its core South African operations.
Gautam Adani launches airport unit in Kenya
The Kenya entry supports India's second-richest man, Gautam Adani's goal of modernizing airport infrastructure in the region.
Sue Nabi’s stake in U.S. beauty giant falls below $300 million
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in the beauty giant plummets below $300 million.
Oprah Winfrey assembles top AI experts for exclusive TV special
The world’s richest Black woman, Oprah Winfrey, dives into AI with new TV special.
Yasseen Mansour’s Palm Hills reports $225-million revenue in H1 2024
Palm Hills Developments reports robust H1 2024 performance, surpasses revenue expectations.
South African insurer seeks $135-million stake in Patrice Motsepe's ARC FSH
Sanlam Life, a subsidiary of Africa's leading insurer Sanlam, has announced plans to acquire a 25-percent stake in ARC Financial Services Holdings.
Nigeria's Adebayo Ogunlesi joins Forbes billionaires list with $1.7-billion fortune
Adebayo Ogunlesi joins Africa’s billionaire ranks, propelled by a $12.5-billion BlackRock deal.
Nassef Sawiris approaches $10-billion net worth: Key companies driving his wealth
Egyptian billionaire Nassef Sawiris' net worth nears $10 billion, up $1.26 billion this year, thanks to strong performance in OCI and Adidas stocks.
Nigerian tycoon Dozy Mmobuosi faces $250-million fine and U.S. corporate ban
A U.S. federal court has ordered Mmobuosi to pay over $250 million in fines and barred him from serving as a director of any public company.
Nigeria’s richest man Aliko Dangote set to roll out petrol from landmark refinery
The $20 billion refinery recently completed a critical test run of its 650,000 barrels-per-day capacity, a significant step towards the official market rollout.
Egyptian billionaire Samih Sawiris’ firm makes strategic $6.8-million property sale
Orascom Development Egypt sells commercial property in O West to Seoudi Supermarket for EGP332 million ($6.8 million).