South African executive Raisibe Morathi pockets $1.48 million as Vodacom CFO
In addition to her executive and governance roles, Morathi holds a 0.01-percent stake in Vodacom, owning 243,554 shares valued at $1.38 million.
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7 companies owned by Egyptian billionaire Hisham Talaat Moustafa
Over four decades, Moustafa has propelled TMG into a $6.4-billion global real estate powerhouse, leaving an indelible mark on Egypt’s landscape.
South African businessman Barry Swartzberg loses $12.6 million in 23 days
Swartzberg remains a prominent figure among South Africa’s businessmen, retaining his position as one of the most affluent investors on the JSE.
Dwayne ‘The Rock’ Johnson joins WWE owner’s board after $5-billion Netflix deal
As part of this collaboration, Johnson will receive intellectual property rights to the “The Rock” trademark and associated catchphrases.
Ghanaian businessman signs $1-billion deal with Indian carbon credit developer
In addition to the billion-dollar deal, Agyepong announced the provision of scholarships for 10 individuals interested in pursuing studies on climate change this year.
Egyptian multimillionaire Ahmed Ezz loses $77.7 million in 22 days from Ezz Steel stake
This reduction in its share price has brought the company’s market cap. below $1.5 billion, resulting in substantial losses for shareholders, including Ezz.
South African tycoon Jens Montanana’s Datatec acquires UK-based Rebura
Datatec has made a significant stride in expanding its global presence by acquiring Rebura.
Africa’s richest man Aliko Dangote’s net worth hits $20 billion, gaining $5.2 billion
With a current net worth of $20.3 billion, Dangote has solidified his position as Africa’s richest person.
South African executive Mpumi Madisa pockets $2.4-million salary in 2023
The generous package highlights Madisa’s pivotal role in steering Bidvest to outstanding financial success.
Meet Kirk Lewis: Black executive at helm of billion-dollar steel empire
Beyond business, Lewis served as deputy mayor and chief of staff for the City of Detroit, contributing to urban revitalization efforts.
Kenya’s Merali family gains nearly $1.2 million from Sasini Tea stake in 19 days
With a majority stake of 65.46 percent, Kenya’s Merali family holds the largest share in Sasini Tea.
South African tech tycoon Zak Calisto gains more than $17 million from Karooooo stake
With a stake of 74.7 percent in Karooooo, valued at more than $580 million, Calisto stands among Africa’s top tech entrepreneurs.
Africa’s billionaires gain $900 million in 2023 with Femi Otedola’s Forbes return
According to Forbes, the combined net worth of the 20 billionaires on the 2024 Forbes list of Africa’s richest people stands at an impressive $82.4 billion.
Aliko Dangote’s cement company becomes first Nigerian firm with N10-trillion market cap
The surge in Dangote Cement shares coincides with Nigerian billionaire Femi Otedola’s strategic investment in the leading cement company.
Diddy settles disputes, Diageo secures full ownership of Ciroc and DeLeon tequila
The joint statement reinforces the severed business ties and emphasizes the parties’ commitment to moving forward independently in the spirits industry.
Nigerian tycoon Tony Elumelu’s energy company surpasses production milestone
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.