Moroccan tycoon Lamia Tazi gains $3 million from Sothema stake in 32 days
Tazi, the chairperson of Sothema and one of the wealthiest investors on the Casablanca bourse owns an 8.4-percent stake in the leading healthcare group.
6 companies owned by Zimbabwean businessman John Moxon
From retail and agriculture to hospitality and security, Moxon’s strategic leadership has shaped a conglomerate with a century-long history.
South African billionaire Saltzman family gains $131.2 million in 65 days
Lynette and Ivan Saltzman own a beneficial 35.12-percent stake in the Gauteng-based Dis-Chem Pharmacies.
Malagasy tycoon Hassanein Hiridjee’s AXIAN Telecom secures 5G license for Free in Senegal
The development follows AXIAN Telecom’s strategic move in July 2023, where the company, led by Hiridjee, increased its stake in Free in Senegal to 80 percent.
Egyptian billionaire El-Sewedy family’s inks $300-million deal for agricultural food complex
This latest venture with MAFI comes shortly after Elsewedy Electric announced plans to launch a multimillion-dollar industrial city project in Tanzania.
South African billionaire Patrick Soon-Shiong’s net worth soars above $10 billion
Soon-Shiong’s financial resurgence throughout this year highlights his business skills and significant influence in healthcare and biotechnology.
Hitesh Anadkat, one of Malawi’s richest men, gains $9.7 million in 43 days
Anadkat holds an impressive 35.51-percent stake in FMB Capital Holdings.
Simone Biles shines as world’s greatest gymnast, banking $7.1 million in 2023
At the world championships in Belgium, Biles won gold in the all-around competition, making her the most decorated gymnast, male or female.
Tanzanian billionaire Rostam Aziz begins $1.9-billion LPG plant construction in Mombasa
The project, presently underway within the Dongo Kundu Special Economic Zone, signals a significant milestone for Taifa Gas as it expands its operations beyond Tanzania.
Kenyan top executive James Ndegwa gains $2.1 million from NCBA stake in 48 days
Ndegwa, the former chairman of the Capital Markets Authority and son of the late Kenyan economist Philip Ndegwa, is a top figure in the Kenyan business scene.
7 companies linked to Namibian businessman Koos Brandt
With an $87.2-million stake in Capricorn Group, Brandt’s astute investments make him the richest investor on the Namibia Stock Exchange.
South African exec Iolanda Ruggiero earns $1.1-million salary from Nedbank in 2022
In 2022, Ruggiero received a notable compensation package of $1.1 million, reflecting a 13.31-percent increase from the previous year.
Johann Rupert reemerges as Africa’s richest man in latest Forbes ranking
While Forbes positions Rupert as the richest man in Africa, with a net worth of $10.2 billion, Bloomberg’s estimations paint a different picture.
Kanye West issues apology for anti-Semitic comments following $1.6-billion wipe-out
In October 2022, West faced backlash on social media as Instagram, owned by Meta Platforms Inc., and Twitter, now X, removed anti-Semitic posts from his accounts.
Pierre Guy Noel, iconic leader and former CEO of biggest bank in Mauritius, dies at 67
Noel’s passing comes over two years after his retirement as the CEO of MCB Group.
Egypt’s second-richest man Naguib Sawiris rockets toward $6.5-billion net worth
The surge in Sawiris’ net worth has propelled him from $5.1 billion on Jan. 1 to $6.43 billion, adding $1.33 billion to his fortune since the start of the year.