7 companies owned by Tanzanian billionaire Rostam Aziz
Aziz is one of the richest businessmen in East Africa.
Kenyan multimillionaire banker James Mwangi to pocket $3.87 million in dividends from Equity Group
Mwangi holds a 3.38-percent stake in Equity Group.
Zimbabwean tobacco tycoon Simon Rudland to sue Al-Jazeera over gold smuggling allegations
Rudland is the owner of Gold Leaf Tobacco, one of the most popular cigarette brands in Southern Africa.
Swazi billionaire Natie Kirsh bounces back with $230 million gain after early 2023 losses
Kirsh also owns 54 percent of Sydney-based Abacus Property Group.
Nigerian businessmen Kola Aluko, Jide Omokore forfeit $53 million to U.S. Justice Department
Aluko and Omokore paid bribes to Nigeria’s former petroleum minister to corner juicy contracts.
Kenyan banker James Mwangi’s Equity Group smashes records, surpasses $350-million profit in 2022
Equity Group Holdings is a leading financial services group.
Adidas drops Beyonce’s Ivy Park collab amid $10-million loss
The decision to end the partnership followed reports that Adidas suffered a loss of $10 million in 2022.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M pockets $3.4 million in dividends from Mauritius-based subsidiary
Since its founding in 1974, I&M has grown into one of the leading financial services groups in East Africa.
Nigerian banker Herbert Wigwe’s Access Holdings to acquire new banking unit in Zambia
Wigwe holds a 4.51-percent stake in Access Holdings.
America’s second-richest Black person David Steward gains $664 million
Steward’s net worth is mostly derived from his 59-percent stake in World Wide Technology.
Kenyan businessman John Kimani-linked Kakuzi posts $6.4 million in profit in 2022
Kimani holds a substantial interest in Kakuzi, amounting to 34.54 percent, or 6,762,133 shares.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.65 million from stake in Tunis-based conglomerate
Ben Ayed owns a 3.4-percent stake in Poulina Group.
Mauritian tycoon Arnaud Mayer’s Evaco surpasses $9 million in revenue in H1 2023
Mayer founded Evaco Group as a real estate development company in 2001.
Egyptian businessman Hisham Talaat Moustafa to pocket $5.5 million in dividends from real estate conglomerate
Moustafa is one of the richest investors on the Egyptian Exchange.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.