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.
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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.
Firm led by Egyptian billionaire Yasseen Mansour closes $13.7-million securitized bond
Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
Egyptian tycoon Hani Berzi’s group to inject $32.5 million for production capacity boost
The decision to allocate $32.5 million toward capacity expansion follows the group’s successful finalization of a finance agreement with the IFC.
South African executive Anthony Leeming guides Sun International into new era
Under Leeming, Sun International has seen a remarkable increase in its share price, with its market cap. exceeding $570 million.
Black executive Aaron Powell earns $4.7-million salary from Yum! Brands in 2022
Powell received a long-term incentive award amounting to $1.58 million from the Louisville-based leading fast-food restaurant company.
5 companies owned by South African media magnate Terrence Moolman
His astounding rise from an entry-level position to a key figure in the media tells a story of resilience, determination, and commitment.
Meet South African tycoon Siza Mzimela: The first Black woman to start an airline
Mzimela’s audacious step into entrepreneurship came in 2015 when she founded Fly Blue Crane.
Nigerian billionaire Arthur Eze receives two-year oil exploration license extension in Uganda
Prince Arthur Eze founded oil exploration and production company, Atlas Oranto, in 1991, and built it into one of Africa’s largest independents.
Coco Gauff secures third spot on Forbes list with $21.7 million in earnings in 2023
Young tennis superstar secures third spot on Forbes’ list of highest-paid female athletes.
Black executive Denise Singleton earns $5.9-million salary from WestRock in 2022
She also received a long-term incentive of $4.86 million.
South Africa’s second-richest man Nicky Oppenheimer hits $1.7 billion in gains in 2023
His fortune has climbed from $8.03 billion to $9.75 billion since Jan. 1.
North Africa’s richest man Nassef Sawiris hits $8.3-billion net-worth mark
Boasting a net worth of $8.3 billion, Sawiris now comfortably sits among the ranks of the world’s 300 wealthiest individuals.
Patrice Motsepe-linked bank targets $4.9 billion in unclaimed benefits in South Africa
Motsepe-backed TymeBank targets unclaimed benefits, fueling its drive to dominate South Africa’s financial landscape.
Kenyan businessman John Kimani loses $1.43 million from Kakuzi shares
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
Black executive Lloyd Howell earns $3.8-million salary from Booz Allen in 2022
The compensation package comprises a base salary of $1.03 million and a performance-based pay of $0.526 million.