Here are five super-rich Algerians worth knowing aside from Issad Rebrab who is worth $4.8 billion
Algeria is expected to be home to more than 6,000 millionaires by the end of the decade.
DPP tells Kenyan tycoon Samuel Macharia to privately prosecute directors over alleged fraud
The petition marks a fresh twist in the battle for ownership of the Kenyan insurance provider Directline Assurance.
Five African billionaires receive dividends over $39 million in 2021
African billionaires have had yet another opportunity to smile at their bank accounts this year.
South African billionaire Nicky Oppenheimer’s net worth increases by $750 million in 2021
This translates to an average gain of $2.9 million per day for the billionaire since Jan. 1.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Tunisian tycoon Moncef Mzabi gains $7.5 million in 140 days as shares in ARTES surge by 52 percent
ARTES is a Tunisia-based automobile retailer established after Mzabi and his brothers acquired Renault Tunisie in 1997.
Ghanaian businessman Joseph Agyepong loses $224,000 as Access Bank Ghana stock loses one-fifth of its value in 2021
Access Bank Ghana is a full-service commercial bank in Ghana, licensed by the Bank of Ghana.
Dar es Salaam-based tycoon Hans Macha gains $847,000 as shares in CRDB Bank surge by 31 percent
This was due to sustained buying pressure on the shares of the Dar es Salaam-based bank.
Ten family offices owned by Africa’s wealthiest people
The UHNWI population in Africa is growing at a faster pace than any other region in the world – except Asia.
Nine yachts Africa’s wealthiest people have owned
If you had all the money in the world, what type of yacht would you buy?
The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.
Emirati retail billionaire Majid Al Futtaim acquires five Shoprite stores in Uganda
The move comes after Shoprite classified its subsidiary in Uganda as discontinued.
Egyptian tech tycoon Ashraf Sabry earns $4.5 million in 17 days as shares in Fawry rebound
The multimillion-dollar gain in his stake is due to investors reacting positively to the group’s half-year results.
Gambling tycoon Kessington Adebutu signs sponsorship deal with Nigeria Football Federation
The deal makes the betting company the official sponsor of the country’s national football teams.
Mauritian businessman Arnaud Dalais gains $5.5 million in 2021 as CIEL shares surge by double digits
The gains in his stake follow a double-digit surge in the group’s shares on the Mauritian bourse.
Africa’s richest billionaire Aliko Dangote loses $200 million as share price of three of his businesses declines
Between Aug. 24 and Sept. 15, Dangote’s net worth declined from $18.2 billion to $18 billion.