Nigerian billionaire Femi Otedola to pocket $17.6 million from Geregu Power in March
The dividend solidifies Otedola’s position among Nigeria’s top dividend earners and adds another financial milestone to his already impressive portfolio.
South African billionaire Ivan Glasenberg loses $490 million in 6 days
Ranked 318th among the world’s wealthiest, Glasenberg has slipped from 302nd since Feb. 3.
Kenyan businessman John Kimani becomes Centum’s third-largest shareholder
His move comes as shares remain attractively priced on the Nairobi Securities Exchange.
South African executive Ian David Vorster pockets $1-million salary in 2023
Vorster’s 2023 compensation comprises a base salary of R4.20 million ($0.22 million) and a performance-based short-term incentive of R4.50 million ($0.24 million).
Egyptian tycoon Hani Berzi rakes in $33 million in nine days from Edita stake
Berzi established the conglomerate in 1996 and presently holds a substantial 41.95-percent stake, equivalent to 303,323,015 ordinary shares, via Quantum Invest BV.
Morocco’s second-richest man Othman Benjelloun gains $51.5 million from BOA stake
Benjelloun owns a significant 27.41-percent stake in Bank of Africa.
America’s second-richest Black billionaire David Steward gains $280 million in 6 days
The significant boost in Steward’s net worth is primarily attributed to the performance of his substantial 59-percent stake in World Wide Technology (WWT).
Ethiopia’s richest man Mohammed Al-Amoudi gains $220 million within 72 hours
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
Companies owned by South African-British billionaire Clive Calder
With a net worth of $6.98 billion, Calder stands among Africa’s influential figures, residing in the Cayman Islands.
Ventures owned by one of America’s youngest digital bank owners Sheena Allen
Allen, a 35-year-old visionary entrepreneur and leading figure in the fintech ecosystem, ranks as one of America’s youngest digital bank owners.
Moroccan real estate mogul Alami Lazraq gains nearly $12 million from ADI stake
This surge not only solidifies his position among the leading investors on the Casablanca bourse but also reaffirms his standing as one of Morocco’s wealthiest individuals.
South African executive Vuyo Kahla earns $1.5-million salary in 2023
Kahla’s 2023 compensation comprised a base salary of R7.76 million ($0.41 million), a performance-based short-term incentive of R4.24 million ($0.22 million).
Morocco’s royal family gains $158 million from Attijariwafa Bank
Notably, the bank’s shares on the Casablanca Stock Exchange recently saw a 3.31-percent increase, climbing from MAD480.5 ($47.752) on Jan. 29 to MAD496.4 ($49.33).
Africa’s youngest billionaire backs Indian startup in $1.1-million funding round
Dewji’s commitment to high-growth regions revealed: From $100-million Rwandan ventures to Swirl’s seed funding.
Billionaire Benedict Peters’ Aiteo partners with Atlantic Council to elevate Africa’s critical mineral influence
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
South African executive Ockert Janse van Rensburg pockets $2.3-million salary
This reflects a significant 60.95-percent increase from the previous year’s $1.43 million, emphasizing van Rensburg’s crucial role in driving Motus’ financial success.