TAQA Arabia, led by Egyptian exec Pakinam Kafafi, launches payment unit
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
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South African executive Mike Schmidt earns $4.5-million salary at ARM in 2022
Schmidt was CEO and executive director at ARM from 2011 to 2023. During his tenure, he led ARM to impressive financial milestones.
5 businesses owned by Mary J. Blige
Blige owns a television production outfit, perfume brand and record label among other ventures.
5 organizations linked to Kgalema Motlanthe, South Africa’s third president
Motlanthe’s influence extends to several organizations, and here are five prominent ones where he holds substantial ownership or influential board positions.
South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
6 companies owned by Idris Elba
Elba’s business ventures range from wine and music to movies and fashion.
Somali mogul Ismail Ahmed challenges British firm’s money printing contract in Somaliland
Ahmed is the co-founder of Zepz, a conglomerate housing globally acclaimed payment giants WorldRemit and Sendwave.
Aga Khan IV takes $2.5-million hit from stake in Nairobi-based insurer Jubilee
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
South African tycoon Neal Froneman loses $2.1 million in 19 days
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
World’s richest Black woman donates $2.5 million to U.S. Dream Academy
Winfrey’s latest pledge is a testament to her commitment to the organization’s cause and marks a significant milestone in her continued support.
Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
South African businessman Mteto Nyati steps down from Nedbank board
Nyati is widely recognized as an inspiring leader with a proven track record of successfully executing growth and turnaround strategies.
Jamaica’s richest man awarded $43 million in dispute with Dominican Republic
Jamaica’s richest man Michael Lee-Chin, who is worth $1.3 billion, according to Forbes, made a fortune investing in financial companies.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.