South African businessman loses $5 million in Sabvest Capital investments
Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.
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Kenneth Frazier’s Merck holdings rebound, surpassing $90 million amid stock rally
Frazier’s holdings in Merck took a hit earlier this month, but a recent surge in the company’s share price has recouped those losses.
South African billionaire Michiel Le Roux’s Capitec Bank announces $20.37-million dividend payout
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
Malawian businessman Hitesh Anadkat loses $16 million as FMB Capital shares drop
Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange and a prominent figure among the country’s most successful businessmen.
Eaton secures $26.6 million in tax credits for U.S. clean energy push led by Black exec Craig Arnold
The award recognizes Eaton’s $200-million-plus investments in clean energy projects and workforce training across facilities in Texas and Wisconsin.
Nigerian tycoon Atedo Peterside’s Stanbic IBTC plans $442.8-million capital boost
A financial services group with total assets of $4 billion as of Dec. 31, 2023, Stanbic IBTC ranks among the top 15 most valuable companies on the Nigerian Exchange.
Kevin Hart’s tequila brand gives $1 million to help small businesses
Acclaimed African-American comedian and entrepreneur Kevin Hart’s ultra-premium tequila brand, Gran Coramino Tequila, has disbursed over $1 million in grant funding to…
Meet Suzanne de Passe: Iconic entertainment visionary
Fuelled by determination and hard work, Suzanne de Passe rose from the lowest levels of the entertainment industry to the zenith, building herself an empire.
Egypt’s richest man Nassef Sawiris’ net worth soars by $410 million in 9 days
The unexpected surge catapults Sawiris nine spots on the Bloomberg Billionaires Index, from 300th to 291st.
South African billionaire Mouton family firm hits $21.3 billion in assets under management
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
South African billionaire Koos Bekker’s Naspers stake soars past $320 million
This gain solidifies Bekker’s position as a prominent South African business leader and a top investor on the JSE.
Jim Ovia’s Zenith Bank stake sees $14.63-million drop amid share price fall
Despite this setback, Ovia retains his status as Nigeria’s richest banker, underscoring his success as a leading businessman in the nation.
Cement company of Africa’s richest man doubles revenue to $659.3 million in Q1 2024
Group revenue from cement, clinker, and other products surged 100 percent year-over-year, reaching N817.35 billion ($659.3 million).
Access Holdings’ $1.71B capital raise: Nigerian banker Aigboje Aig-Imoukhuede’s global vision unveiled
In a post-meeting interaction, Aig-Imoukhuede reaffirmed the group’s commitment to industry recapitalization and delivering consistent returns to shareholders.
Oprah Winfrey’s wealth hits $3 billion: Inside her $200-million gain and Hawaiian estate
Winfrey’s net worth has risen by $200 million, reaching $3 billion, according to Forbes. This marks a significant rise from $2.8 billion on Jan. 1.
Backed by Kenya’s richest, NCBA Bank hikes loan rates: What it means for your wallet
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.