Kenyan tycoon Baloobhai Patel’s Bamburi Cement expects $2.57 million in savings with solar plants
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.
Latest
North Africa’s richest man considers breaking up his billion-dollar empire
Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
South African tycoon Jonathan Jawno’s Transaction Capital eyes $65 million in WeBuyCars unbundling
As a founding member of Transaction Capital, Jawno holds a 9.59-percent stake in the group, making him the second-largest shareholder.
Top Black CEO Marvin Ellison gains $3.3 million from Lowe’s shares
The recent $3.35-million surge in Ellison’s stake in Lowe’s further solidifies his position as one of the wealthiest Black CEOs in the U.S.
Zimbabwe’s richest man Strive Masiyiwa adds $100 million to net worth in 2024
Masiyiwa’s strategic investments and resilient portfolio have not only weathered currency devaluations but have also propelled him to new heights in the realm of global wealth.
Gayle King: From media newbie to ‘100 Most Influential’
Find out how King rose to fame, success, and influence in the media industry and beyond.
Aga Khan IV gains $1.7 million from stake in Nairobi-based insurer
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
South African executive Simon Crutchley pockets $2.8-million salary in 2023
In addition to his executive roles, Crutchley holds a 0.25-percent stake in AVI Limited.
Egyptian billionaire Samih Sawiris’ firm posts $631 million in revenue in 2023
Orascom Development Egypt, majority owned by Orascom Development Holding, operates within the orbit of businesses associated with the Sawiris family.
Egypt’s newest billionaire Hisham Talaat Moustafa’s TMG stake hits $1.3 billion
Hisham Talaat Moustafa is not only one of the wealthiest investors on the Egyptian Exchange but also one of the wealthiest people in the entire North African region
Black executive Kenneth Frazier gains $11 million from Merck & Co. stake
Frazier, who ranks as one of America’s top Black executives, holds a minority stake of 0.028-percent stake in Merck & Co.
Kanye West’s Super Bowl ad drives $19.3-million single-day sales
Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales…
Six ventures that propelled Jada Pinkett Smith into the millionaire’s circle
Jada Pinkett Smith, an American actress, singer-songwriter, and businesswoman, has built an impressive career spanning various domains including film, television, music, fashion,…
Companies owned by Morocco Prime Minister Aziz Akhannouch
From the multibillion-dollar Akwa Group to influential ventures in chemicals, mining, tourism, and media, discover the man behind the $1.7-billion fortune.
South African executive Jannie Durand pockets $2.1-million salary from Remgro
Durand’s compensation comprises a base salary of R12.8 million ($0.67 million) and a short-term incentive of R0.44 million ($0.023 million).
Access appoints acting CEO 24 hours after confirming Herbert Wigwe’s passing
The announcement, made by the board of directors 24 hours after confirming Wigwe’s demise, is contingent upon the approval of the Central Bank of Nigeria.