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Capitec Bank Holdings, led by South African billionaire Michiel Le Roux, is gearing up to expand beyond its usual focus on retail banking. The bank has seen growth by targeting South Africa's low-income retail clients, a group often overlooked by other banks. Now, Capitec is looking to

Namibian tycoon Quinton van Rooyen's Trustco Group Holdings has made the decision to surrender its banking license and exit the banking sector altogether. According to a statement from the Bank of Namibia (BoN) spokesperson, Kazembire Zemburuka, on Friday, the central bank canceled the

NCBA Group , a leading financial services conglomerate controlled by some of Kenya's wealthiest families has reported a 5 percent increase in profit after tax for the first half of 2024, reaching Sh9.8 billion ($76 million). This reveals a notable improvement from the Sh9.3-billion profit record

Ecobank Nigeria , part of the pan-African banking group Ecobank Transnational Incorporated (ETI) and led by Cameroonian banker Alain Nkontchou, is in urgent need of $200 million to address a significant shortfall in its capital adequacy ratio. This financial challenge is forcing the ban

The United Bank for Africa (UBA), led by Nigerian entrepreneur Tony Elumelu, is set to host a new edition of its Business Series, focusing on empowering small and medium-sized enterprises (SMEs) to build businesses that can survive and thrive across generations. The upcoming workshop, t

Alami Lazraq, the founder of the Alliances Group and a prominent Moroccan real estate tycoon, has experienced a notable increase in his wealth following a significant rise in his stake in Alliances Developpement Immobiliere (ADI). According to data tracked by Billionaire.Africa , Lazraq

South African billionaire, Johann Rupert, the chairman of Swiss luxury goods conglomerate Richemont, has soared to the top of the African wealth pyramid, becoming the continent's richest individual and recording the most significant wealth gains this year, according to the Bloomberg Billionaires

TMG Holding, a leading real estate holding company led by Egyptian billionaire Hisham Talaat Moustafa, is set to bolster its presence in the Middle East with new projects in Iraq. The Cairo-based real estate giant has initiated legal and technical preparations for these ventures, signal

In a year marked by economic turbulence and a steep depreciation of the Nigerian naira, telecoms and oil magnate Mike Adenuga has emerged as a rare exception among the country's billionaires, seeing his wealth swell by over half a billion dollars. According to Forbes' real-time billiona