Egyptian fintech founder Ashraf Sabry takes $1.5 million hit from Fawry stake
Sabry, a leading Egyptian entrepreneur who launched the payment platform in 2008, owns a 2.345 percent stake in Fawry.
5 Black billionaires who bought or sold mansions in the U.S. in 2023
Billionaires.Africa has documented real estate transactions by Black billionaires and multimillionaires, and here are the top five from this year.
Africa’s youngest billionaire to invest $100 million in four Rwandan firms
Dewji, whose net worth stands at $1.5 billion according to Forbes is Tanzania’s wealthiest man and the youngest billionaire on the continent.
Moroccan pharma tycoon Lamia Tazi’s year-to-date loss exceeds $17 million
Tazi, the CEO and chairperson of Sothema, owns a substantial 8.4-percent stake in the leading healthcare company.
Rihanna unveils new sneaker design in exclusive Puma collaboration
This release marks the resurrection of the partnership between Rihanna and Puma, a collaboration that had previously yielded a series of sell-out sneakers.
Indian billionaire Hinduja family vows to pour billions into Nigeria’s auto industry
The Indian Hinduja family, with a total wealth of £35 billion ($43.7 billion) as of May 2023, is the richest family in the United Kingdom.
Nigeria’s richest banker, Jim Ovia’s gains $17 million in a single week from Zenith Bank stake
Ovia owns a 16.2-percent stake in Zenith Bank, which translates to a total of 5,072,104,311 ordinary shares.
Orascom, owned by Egypt’s richest family, to construct new $1.4-billion metro system
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
South Africa’s richest man Johann Rupert expresses worry over inflation
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
Aldworth Mbalati: South African multimillionaire reshaping Africa’s energy sector
Mbalati is more than a businessman; he is a beacon of hope and a driving force in Africa’s energy revolution.
South African billionaire Adrian Gore’s Discovery ventures into renewables
Discovery, led by Gore, plans to collaborate with power developers to establish wind and solar plants based on the aggregated demand.
NBA star Giannis Antetokounmpo invests in Greek wine company
Antetokounmpo’s latest venture into Hellenic Wineries demonstrates his expanding business acumen.
5 companies owned by Beyonce
Beyonce is not only a global superstar but also a savvy businesswoman.
South African tycoon Johan Burger gains $4.4 million from FirstRand stake
Burger, who has been a director at FirstRand since 2009, owns a beneficial 0.110-percent stake, or 6,000,000 ordinary shares, in the leading financial services group.
South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
10 companies Jay-Z has owned
Over the last three decades, Jay-Z has built businesses across multiple industries and become one of the world’s richest men.