Pierre Guy Noel, iconic leader and former CEO of biggest bank in Mauritius, dies at 67
Noel’s passing comes over two years after his retirement as the CEO of MCB Group.
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Egypt’s second-richest man Naguib Sawiris rockets toward $6.5-billion net worth
The surge in Sawiris’ net worth has propelled him from $5.1 billion on Jan. 1 to $6.43 billion, adding $1.33 billion to his fortune since the start of the year.
Africa’s richest man Aliko Dangote faces $3.6-billion loss amid naira devaluation
This is attributed to the Central Bank of Nigeria’s decision to unify the country’s multiple exchange rates, introducing the FX-managed float system for rate unification.
South African business executive Neal Froneman gains $3.4 million in 36 days
Sibanye-Stillwater has experienced a remarkable surge in recent months.
7 companies owned by Botswana businessman Jonathan Gibson
As a leader and advocate for responsible tourism, Gibson’s legacy extends beyond financial success, encompassing wildlife conservation and community empowerment.
South African billionaire Ivan Glasenberg faces $254-million wealth loss in 2023
The $254-million year-to-date decline in his wealth is attributed to the sustained dip in the market value of his stake in Glencore.
Nigerian tycoon Emeka Onwuka pockets $1.5-million salary from Seplat in 2022
Onwuka, the CFO of Seplat Energy, experienced a substantial 7.78-percent increase in his 2022 compensation, reaching $1.55 million.
7 assets owned by South African real estate tycoon Kiriakos Anastasiadis
Dive into his vast real estate portfolio, including the iconic Mall@Reds, transformative Trade@55, and innovative Hey Joe Brewing Company.
Malian executive Chirfi Guindo earns $13.7-million salary from Merck & Co. in 2022
Uncover the breakdown of his compensation, including a $0.35-million base salary, a $0.53-million short-term incentive, and a substantial $12.39-million long-term incentive.
Black executive Lanesha Minnix earns $5-million salary from Ecolab
Minnix, Ecolab’s EVP, earns $4.95-million compensation package in 2022.
Billionaire Benedict Peters secures stake in Mozambique’s largest onshore gas block
Aiteo, Africa’s leading oil independent, which is owned by Peters, is now operator of the prolific Mazenga gas block in Mozambique.
Court dismisses Nigerian energy magnate ABC Orjiako’s $101-million bankruptcy claims
The adjournment to Jan. 22, 2024, sets the stage for further legal developments in this high-profile case.
South African billionaire Koos Bekker loses $67 million in 41 days
Bekker’s stake in Naspers valued at $315.8 million on Nov. 15, have declined to $248.86 million at the time of writing.
Kenyan tycoon Andrew Ndegwa gains $2.2 million in 40 days
Ndegwa holds a sizable 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Congolese businessman Paul Obambi to invest $74 million in Douala Port project
Obambi’s Sapro Group operates across 11 countries on three continents in multiple sectors.
Scottish-born Nigerian exec John Agwunobi earns $8.2-million salary from Herbalife
Agwunobi’s 2022 compensation package reflects a significant 16.89-percent jump from the previous year’s $6.9-million total.