Kenyan tycoon Chris Kirubi’s heirs gain $1.3 million from stake in Centum
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
First Black woman to lead a listed REIT, Leslie Hale earns $8.4 million from RLJ trust
Apart from her executive and governance roles, Hale owns a 0.94-percent minority stake in the leading real estate investment trust company.
7 businesses owned by T.I.
Atlanta rapper T.I has a presence in sectors such as nightlife, food service, and construction, not to mention his foundational record label, Grand Hustle.
Firm led by America’s richest Black billionaire acquires stake in London-based tech firm
Vista Equity Partners, founded in 2000 by Smith, has rapidly emerged as a dominant force in the technology sector.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm slumps by $78 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.
5 companies owned by Cathy Hughes, first Black woman to lead a publicly traded company
Billionaires.Africa has observed Hughes’ impact on five companies, showcasing her exceptional business prowess and her role as a trailblazer in the corporate world.
Kenyan tycoon James Mwangi’s gains $1.2 million from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Greek tycoon John Coumantaros’ Flour Mills to reward shareholders with $12-million dividend
Coumantaros owns a controlling 63.34 percent stake in Flour Mills of Nigeria through Excelsior Shipping Company.
Wale Tinubu’s Oando partners with U.S. firm to boost renewable power in Nigeria
Wale Tinubu, a top figure in the Nigerian energy sector, owns an indirect stake in Oando Plc through his 66.67 percent stake in OODP.
South African entrepreneur Paul Saad-led brand extends reach with new Cape Town store
Futurelife was founded in 2007 by Saad, the brother of South African billionaire Stephen Saad, who serves as the CEO of Aspen Pharmacare Holdings.
Top Black CEO Marvin Ellison suffers $8.1-million loss from investment in Lowe’s
Ellison is recognized as one of the world’s highest-ranking Black CEOs on the Fortune 500 list.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.3 million from Poulina stake
Ben Ayed owns a 3.4-percent stake in Poulina Group, making him one of the richest investors on the Tunis Stock Exchange.
Greek tycoon John Coumantaros’ Flour Mills pays $842 million to Nigerian suppliers
Coumantaros, a Greek business magnate, is one of the wealthiest industrialists on the Nigerian Exchange, owning a 63.34-percent stake in Flour Mills of Nigeria.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
5 companies owned by Nelly
Billionaires.Africa turns the spotlight on five companies directly owned by Nelly, revealing the vast empire that bolsters his net worth.