5 wealthy supermarket and retail chain owners in Africa
Their prowess has not only caught the attention of Western retailers seeking new avenues for growth but has also steered the course of Africa’s retail evolution.
Dangote’s half-brother Sayyu Dantata’s oil firm posts $3-million half-year profit
Dantata, a multimillionaire businessman and half-brother of Nigerian billionaire Aliko Dangote, is the majority owner of MRS Oil Nigeria.
Sim Tshabalala: South African banker with $5.2 million in Standard Bank shares
Tshabalala is more than a banker; he is a visionary whose life journey encapsulates the spirit of possibility.
America’s richest Black billionaire Robert F. Smith’s firm crosses $100-billion asset mark
Under Smith’s guidance, Vista has realized substantial gains, amounting to $14.3 billion through monetization since 2021.
South African billionaire Ivan Glasenberg’s fortune slumps by $490 million
Glasenberg presently occupies the 275th spot on the list of the world’s wealthiest individuals, according to the Bloomberg Billionaires Index.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $170 million from FMB Capital stake
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Glencore, led by South African exec Gary Nagle, unveils $1.2-billion share buyback
Under the leadership of CEO Gary Nagle, who holds a 0.016-percent stake in the Swiss mining giant, the purchased shares will be retained in the treasury.
Safwan Thabet joins high-value EGX investors with stakes surpassing $200 million
Thabet, a leading Egyptian businessman who founded Juhayna over three decades ago, owns a majority 50.07-percent stake in the company.
Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
Greek tycoon John Coumantaros faces $18.9-million loss from Flour Mills shares
Coumantaros, a Greek business magnate is among the richest industrialists on the Nigerian Exchange.
5 companies linked to South African tycoon Jens Montanana
As Datatec’s pioneering founder and CEO, Montanana’s indelible impact in the tech realm reverberates globally.
Aga Khan IV gains nearly $8 million from shares in Nairobi-based insurer
Aside from his interest in Jubilee Holdings, Aga Khan IV, also known as Mawlana Hazar Imam, owns a 48.67-percent stake in Nation Media Group.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
Firm owned by Kenya’s Merali family to settle debts with $6.3-million land sale proceeds
The Merali family, overseeing the estate of the late tycoon Naushad Merali, commands a 74-percent stake in Sameer Africa.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $10 million
Essayeh owns a 33.6-percent stake in Euro-Cycles, a Tunisian automotive company specializing in the production of customized bicycles and cycles exclusively for export.
African-American mogul Sheila Johnson’s luxurious resort undergoes rebranding
The rebranding effort is poised to reinforce the resort’s position under Salamander Collection, a hospitality management company.