Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
Black executive Sharon Barner earns $3.4-million salary from Cummins in 2022
Cummins Inc.’s administrative chief claims a $3.35-million compensation package amid strong financial performance.
5 companies owned by one of South Africa’s wealthiest women, Wendy Appelbaum
Appelbaum, a stalwart in South African business and philanthropy, is not only one of the country’s wealthiest women but a catalyst for positive change.
Black executive Rashida La Lande earns $6.4-million salary from Kraft Heinz
La Lande’s 2023 compensation package includes a long-term incentive award of $4.32 million.
Beyonce nears $1-billion net worth, joining the world’s wealthiest Black individuals
Beyonce’s net worth has soared to an impressive $800 million, marking a significant increase from $540 million at the start of this week.
Moroccan PM Aziz Akhannouch loses $14.8 million from Afriquia Gaz stake
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
Zimbabwean tycoon July Ndlovu-led Thungela slashes coal production amid rail crisis
The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Court rejects bid by late Kenyan multimillionaire’s son in Naivas share dispute
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
7 companies owned by South African tycoon Jonathan Jawno
With strategic investments in diverse sectors, Jawno’s influence extends to companies like African Phoenix Investments and Stratvest Holding,
South African-born billionaire Patrick Soon-Shiong loses $550 million in 16 days
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Led by South African tycoon Giovanni Ravazzotti, Italtile faces 2.9-percent sales dip in 5 months
Earlier this year, Ravazzotti, recognized as one of South Africa’s wealthiest and most influential business figures, received a substantial windfall of $5.03 million in dividends.
U.S.-Nigerian mogul Sam Darwish’s IHS proposes new terms to keep MTN Towers
Founded in 2001 by Darwish, IHS has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
Nigerian banker Herbert Wigwe gains $12 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
Tony Elumelu rakes in $14 million as UBA becomes a billion-dollar bank
The recent 23.73-percent surge in UBA’s shares over the past 48 days has strengthened its position as one of the most valuable companies on the Nigerian Exchange.
Top Black executive Deon Riley earns $5.9-million salary from Bath & Body Works
Riley brings a seasoned track record in HR leadership and strategic talent management to her role as chief human resources officer at Bath & Body Works.