Nassef Sawiris, North Africa’s richest man, is $264 million richer this year
This follows a $310 million gain in 2024, when his wealth increased from $8.41 billion to $8.72 billion.
Nigerian glass and aluminum company sees fourfold profit surge under Bella Disu
Her leadership has not only steered the company back to profitability but has also reinforced the business acumen that runs deep in the Adenuga family.
South Africa’s largest gold miner, backed by Patrice Motsepe, posts $2 billion in half-year revenue
Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
Nigeria’s Vice President, Dangote, and others join Nigerian billionaire Femi Otedola for First Bank’s 43-story HQ
Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedola’s leadership, calling the project a testament to commitment innovation, and sustainable development.
Pakinam Kafafi, Egyptian executive, leads TAQA Arabia to $370 million in revenue for 2024
The company’s growth was driven by increasing energy demand and strategic expansion efforts, reinforcing its position as a key player in Egypt’s energy sector.
Dangote plans new HQ in Eko Atlantic as FirstBank builds West Africa’s tallest tower
“I will be here very soon,” Dangote said, addressing fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”
Nigerian entrepreneur Idris Bello’s LoftyInc achieves $43 million first close for new Pan-African seed fund
The fund aims to accelerate the growth of promising tech startups across Africa, with a focus on Nigeria, Egypt, Kenya, and Francophone Africa.
Giovanni Ravazzotti’s Italtile shutters stores as crime surges in South Africa
It has urged the government to take action, saying that crime has not only affected its operations but also increased costs related to security.
Nigerian billionaire Femi Otedola’s First HoldCo breaks ground on new landmark headquarters
For Otedola, this is just the beginning. With the new headquarters underway, he is not just reshaping a bank—he is redefining the future of Nigeria’s financial industry.
Moroccan billionaire Anas Sefrioui stages comeback as Addoha stake soars past $1.1 billion
This follows a sharp rise in the market value of his shares in Douja Promotion Groupe Addoha, marking a significant financial rebound for the seasoned investor.
Africa’s richest man set to pocket nearly $300 million in cement dividends
Inside Africa’s richest man’s payday from his cement empire, Dangote Cement Plc.
Struggling cereals firm linked to Kenyan tycoon Ngugi Kiuna receives $10 million buyout offer
The troubled company is pinning its hopes on the potential investor, who has reportedly offered $10 million to revive operations and settle debts owed to KCB Bank Kenya.
RCL Foods, backed by South Africa’s richest man, reports $730 million in half-year revenue
Revenue climbed to $730 million, while profit surged to $63 million, reflecting strong execution across key segments.
Moroccan pharma executive Lamia Tazi gains $8.14 million from Sothema stake
Tazi holds an 8.19 percent stake in Sothema, equivalent to 589,658 shares.
Natie Kirsh, Africa’s oldest billionaire, is half a billion dollars richer this year
At 93, his fortune has grown by $504 million since January, pushing his net worth from $9.3 billion to $9.83 billion, according to the Bloomberg Billionaires Index.
Alden McDonald Jr.’s bold move: Growing America’s largest Black-owned bank to $10 billion
Plans include opening a new corporate office near the French Quarter and expanding outreach in major cities.
