Nigerian billionaire Abdul Samad Rabiu’s cement firm pays workers $10.7 million in salary in 9M 2022
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Egyptian steel tycoon Ahmed Ezz’s Ezz Steel posts record profit thanks to higher output
Ezz owns 60.7 percent of Ezz Steel.
Patrice Motsepe-linked SIH combines with Absa to create one of South Africa’s largest asset managers
SIH is Sanlam’s third-party asset management company.
Africa’s richest man Aliko Dangote gains $1.5 billion in November
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Egyptian businessman Hani Berzi gains $29 million in 30 days from stake in Edita
Berzi owns a significant 41.95-percent stake in Edita Food Industries.
Nigerian mogul Ben Murray-Bruce’s Silverbird seals deal to build West Africa’s largest film studio
Silverbird Group is a leading multimedia company.
South African tycoon Stephen Brookes’ Balwin Properties returns $14.6 million to shareholders
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.
South African billionaire Koos Bekker gains $175 million in one month
Bekker owns a 0.86-percent stake in Amsterdam-based investment group, Prosus NV.
Led by Kenya’s richest families, NCBA Group plans expansion into eight African countries
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Five most popular hotels for ultra-wealthy individuals in Africa
South Africa remains the top luxury tourist destination in Africa.
Aliko Dangote’s net worth surpass $19 billion, first time since September
Dangote’s 86-percent stake in his cement company is worth $8.64 billion.
African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
South African businesswoman Noluthando Gosa’s stake in ArcelorMittal now worth $18.5 million
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Africa’s richest man Aliko Dangote’s cement plans to buy back shares worth $917 million
None of Dangote Cement’s directors will take part in the share buyback program.
Moroccan billionaire Othman Benjelloun gains $200 million in four weeks
The Moroccan billionaire derives the majority of his wealth from his investment in BMCE Group.
South African billionaire Patrice Motsepe gains $270 million in 53 days from stake in ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.