Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
Egyptian businessman Hani Berzi’s gains $16 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
10 companies linked to South African businessman Saki Macozoma
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
South African exec Funeka Montjane earns $2-million salary from Standard Bank
Montjane’s 2022 compensation package marked an impressive 9.47-percent increase over the previous year’s total reward.
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
Firm linked to Chris Kirubi’s heirs grants $1.3 million in loans to Kenyan civil servants
Centum Investment is an East African-focused investment firm controlled by the family of the late Kenyan tycoon Chris Kirubi.
Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
Billionaire Femi Otedola Applauds Lagos Governor over Light Rail Completion
Femi Otedola is the Chairman of Geregu Power Plc
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
South African-born billionaire Patrick Soon-Shiong gains $180 million
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
One of Nigeria’s richest bankers, Herbert Wigwe rakes in $2.7 million in 19 days
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Sean ‘Diddy’ Combs returns rights worth millions to artists and songwriters
Bad Boy Entertainment, founded by Combs in 1993, soared to prominence during the 1990s.
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.