Court rejects bid by late Kenyan multimillionaire’s son in Naivas share dispute
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
Top Black executive Deon Riley earns $5.9-million salary from Bath & Body Works
Riley brings a seasoned track record in HR leadership and strategic talent management to her role as chief human resources officer at Bath & Body Works.
Nigerian billionaire Femi Otedola congratulates Africa’s richest man Aliko Dangote on refinery launch
Otedola congratulated Dangote on the launch of the Dangote Oil Refinery, a $20-billion project.
Top Black executive Cornelius Boone earns $5.3-million salary from eBay
Boone’s role in steering eBay to financial success, coupled with his groundbreaking leadership, is reflected in his base salary, short-term incentive, and long-term incentive.
Kenya’s Merali family suffers almost $4-million loss from Sasini Tea stake
Boasting a majority 65.46-percent stake in the company, the Merali family has long been regarded as one of the wealthiest families in Kenya.
Nigerian tycoon Fidelis Ayebae gains $1.1 million from Fidson stake
Ayebae, a banker turned accomplished industrialist, owns a 33.1-percent stake in the pharmaceutical company, which translates to 759,643,749 ordinary shares.
Tunisian tycoon Moncef Sellami suffers $2.5-million loss from OneTech shares
OneTech’s remarkable growth over the years owes much to the visionary leadership of Sellami, who established the firm in 1978.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm gains $56 million
Sefrioui, the visionary founder of the Casablanca-based real estate group and one of Morocco’s most affluent individuals, owns a majority 64.1-percent stake in ADH.
Lender linked to Kenya’s richest families commits $198 million for green financing
NCBA Group is a Nairobi-based financial services conglomerate partially owned by the Kenyatta family renowned as Kenya’s largest landowners.
South African banker Alan Pullinger gains $1 million from FirstRand stake
Pullinger, a leading business executive in South Africa holds a minority stake of approximately 0.1 percent in FirstRand.
7 richest Tanzanians on the Dar es Salaam Stock Exchange
Here are seven individuals who possess the highest stock ownership positions on the Dar es Salaam Stock Exchange.
Nairobi-based entrepreneur Jit Bhattacharya’s BasiGo secures $1.5-million grant from USAID
BasiGo aims to revolutionize Kenya’s public transportation sector by providing a cost-effective electric alternative to diesel.
Sappi names South African business mogul Nkululeko Sowazi as new chair
South African tycoon Nkululeko Sowazi, a multifaceted leader with a storied business portfolio, primed to navigate Sappi’s strategic revival.
South African billionaire Adrian Gore calls for private sector role in NHI for better healthcare
In a forthright address delivered during PSG Wealth’s Think Big webinar, Adrian Gore, the founder and CEO of Discovery Limited, emphasized the…
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit
South Africa’s Ackerman family loses $218 million from Pick ‘n Pay shares
For the Ackerman family, this financial loss equates to a year-to-date decline of R3.96 billion ($218.18 million) in the market value of their Pick ‘n Pay stake.