Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit
5 luxurious properties owned by at-odds Hollywood power couple Jada Pinkett and Will Smith
These properties contribute to the family’s wealth, with Will Smith’s net worth estimated at over $300 million, solidifying his place among the world’s richest Black individuals.
Kenyan tycoon Baloobhai Patel-linked cement firm clears 60 percent of $2-million tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
10 richest people on the Nairobi Securities Exchange in November 2023
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
South Africa’s Ackerman family loses $218 million from Pick ‘n Pay shares
For the Ackerman family, this financial loss equates to a year-to-date decline of R3.96 billion ($218.18 million) in the market value of their Pick ‘n Pay stake.
10 richest Moroccans on the Casablanca Stock Exchange
This list spotlights the top 10 individuals who hold the most valuable portfolios on the Casablanca bourse, providing a unique insight into Morocco’s financial elite.
Africa’s first Black billionaire Patrice Motsepe’s wealth rebounds by $200 million
The rebound in Patrice Motsepe’s net worth can be attributed to the surge in the market value of his 40.37-percent stake in ARM
Egyptian mogul Safwan Thabet gains $31 million in 32 days from stake in Juhayna
One of North Africa’s leading businessmen in the consumer goods industry, Safwan Thabet owns a majority 50.07 percent stake in Juhayna Food Industries.
South African billionaire Koos Bekker gains $200 million in 15 days
Koos Bekker ranks as one of Africa’s richest billionaires, trailing fellow South African billionaires Johann Rupert and Nicky Oppenheimer.
Nigerian billionaire Olugbenga Agboola backs $205-million African tech fund
Olugbenga Agboola’s involvement in this new fund further underscores his burgeoning influence in the African tech ecosystem.
One of Malawi’s richest men, Thom Mpinganjira unveils multimillion-dollar cancer center
Mpinganjira shared the personal motivation behind this ambitious healthcare initiative.
Africa’s richest man Aliko Dangote moves $687 million from African ventures to Nigeria
This substantial repatriation is a testament to the confidence that prominent business leaders like Aliko Dangote have in the nation’s prospects.
South African-born billionaire Patrick Soon-Shiong’s net worth nears $10 billion
Patrick Soon-Shiong currently ranks as the 220th wealthiest individual on the global list of the world’s wealthiest individuals.
Black executive Frank Clyburn earns $19.2-million salary from IFF in 2022
The compensation package highlights Frank Clyburn’s impressive stewardship of IFF and the tangible results achieved under his guidance.
7 companies owned by South African tech tycoon Zak Calisto
South African tech magnate Zak Calisto ranks as one of the top figures in Africa’s tech industry.
Wealthy Kenyan tycoon Andrew Ndegwa faces $1.3-million loss in 16 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.