Tunisian tycoon Mehdi Tamarziste suffers $2-million loss in just 3 weeks
Tamarziste owns a 12.9-percent stake in Union for Commerce and Industry (UBCI) through his business entity, Tamarziste Group.
America’s second-richest black woman Sheila Johnson reflects on her struggles in new memoir
Johnson, the co-founder of Black Entertainment Television (BET) and owner of Salamander Hotels & Resorts, has a net worth of $840 million.
South African tycoon Des de Beer sells shares in Resilient REIT
Des de Beer is the founder of numerous real estate investment companies in South Africa, Mauritius and Europe.
Namibian mogul Koos Brandt rakes in $7 million from Capricorn Group
Brandt is the largest individual shareholder in Capricorn Group, with an 18.52-percent stake.
Cameroonian billionaire Samuel Foyou gets green light to launch bank
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
South African banker Jacques Celliers’ salary at FirstRand amounts to $2.2 million
Celliers, a South African multimillionaire banker and executive who is also an engineer by training, joined FirstRand in 2000.
Moroccan royal family, chinese firm in $2-billion joint venture
Al Mada, the holding company of Morocco’s royal family, is partnering with CNGR Advanced Material Co. to establish an industrial base in Morocco.
South Africa’s Ackerman family faces $205-million loss in Pick ‘n Pay shares
The Ackerman family, renowned for their wealth and investments, holds a 25.53-percent stake in Pick ‘n Pay.
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
South African-born business executive Bob van Dijk departs as CEO of Naspers, Prosus
Van Dijk has been the CEO of Naspers since 2014.
Aga Khan IV gains $4.5 million from Nairobi-based insurer Jubilee Holdings
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Nigerian billionaire Abdul Samad Rabiu plans to crash cement prices
Rabiu said that his company, BUA Cement, is building two new plants that will increase output capacity to 17 million metric tonnes.
South African-born tycoon Barry Stuhler takes $20-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties. His stake amounts to 172,699,222 shares.
Moroccan billionaire Moulay Hafid Elalamy donates $1.9 million to earthquake relief
Elalamy made the donation through his Saham Foundation amid growing contributions from various private and public entities toward earthquake relief in Morocco.
5 companies founded by South African billionaire Mark Shuttleworth
South African billionaire and space tourist Mark Shuttleworth has built businesses in Internet security, hospitality and financial services.
South African exec Charl Keyter earns $4.6-million salary from Sibanye
Keyter, a highly respected executive within the mining industry, has played a pivotal financial role in the transformation of Sibanye.