Firm linked to late Kenyan tycoon Chris Kirubi’s heirs posts $1.23 million in profit in 2023
Centum RE is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Sean ‘Diddy’ Combs unveils innovative e-commerce platform to empower Black entrepreneurs
Combs expressed his mission to empower Black entrepreneurs by providing them with the necessary resources to build successful businesses.
Nigerian tycoon Dahiru Mangal’s Max Air suspended over safety concerns
Mangal, the owner of Max Air, owns Afdin Group, which owns an LPG Plant, rice mills and fertilizer blending plants.
South African tycoon Noluthando Gosa suffers nearly $5-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in ArcelorMittal South Africa, the South African unit of Luxembourgish steel maker ArcelorMittal.
South African billionaire Christo Wiese’s Invicta broadens global footprint with Imexpart takeover
As the chairman of Invicta, Wiese controls a significant ownership stake of 19.23 percent in Invicta Holdings.
Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
American-Nigerian mogul Sam Darwish’s IHS dragged to court by French firm Wendel
Under the leadership of Darwish, IHS Holding has also witnessed modest growth. The company’s total assets have reached $6.49 billion.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, sees $120-million block trading deal after listing
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
Tony Elumelu’s UBA stake surges, raking in $8.7 million in three weeks
Elumelu currently holds a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares.
Kenyan multimillionaire David Langat’s properties to be auctioned over debt
Langat, the founder and chairman of DL Group, is one of the largest indigenous producers and exporters of Kenyan tea.
South African executive Josua Malherbe’s stake in Remgro skyrockets, earning him $1.3 million in 42 days
Malherbe owns a beneficial 0.21-percent stake in the investment holding, or 1,178,995 ordinary shares.
Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Swazi billionaire Natie Kirsh loses $170 million, net worth shrinks below $7.4 billion
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.
Greek businessman John Coumantaros loses $3.3 million as stake in Flour Mills plunges
With a 63.34-percent stake in Flour Mills, Coumantaros is one of Nigeria’s most successful and respected business leaders.
Hip-Hop’s first billionaire Jay-Z acquires Brazilian football agency
Jay-Z, the world’s first Hip-Hop billionaire has acquired TFM Agency, a Brazilian football agency.
Zimbabwean tycoon Kudakwashe Tagwirei allegedly laundered funds – Sentry Report
In August 2020, Tagwirei was sanctioned by the U.S. for harming the Zimbabwean people through extraordinary corruption.