South African exec Derrick Msibi’s Stanlib plans $160-million investment in Africa’s renewable energy
Stanlib Asset Management, one of South Africa’s top investment firms, led by business executive Derrick Msibi, has unveiled plans to invest $160…
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Egypt’s richest man Nassef Sawiris loses $180 million in 3 days
As a result of the recent $180-million slump in his fortune, Sawiris is currently the 308th wealthiest individual globally.
SA billionaire Johann Rupert’s Richemont rules out plans to invest in loss-making British luxury retailer
Last year, Rupert’s Richemont agreed to sell a 47.5-percent stake in its Yoox Net-A-Porter (YNAP) fashion and accessories business to Farfetch.
Kenyan tycoon James Mwangi-led lender grows stronger with $47-million Cogebanque deal
The move aligns with its strategy to bolster earnings and revenue by expanding its reach across East Africa.
Gabonese oil tycoon Samuel Dossou-Aworet’s stake in Seplat crosses $230-million mark
Dossou-Aworet has recorded a notable surge in his fortune, propelled by the performance of his holdings in Nigeria’s largest listed energy group.
South African tycoon Gus Attridge rakes in $19 million from Aspen shares
The upswing comes on the heels of a setback that led to Attridge recording a loss of $11.96 million between Oct. 2 and Oct. 26.
Sean ‘Diddy’ Combs steps down as Revolt chairman amid sexual abuse allegations
The legal actions against Combs include a federal lawsuit filed by Cassie — whose real name is Casandra Ventura — seeking $30 million in damages.
Kobe Bryant’s path to a billion-dollar fortune cut short by tragic passing
At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.
Ethiopia’s richest man Mohammed Al-Amoudi gains $170 million in 15 days
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
Egypt’s billionaire El-Sewedy family loses $132 million in 36 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a controlling and beneficial stake of 68.1 percent in Elsewedy Electric.
How Ursula Burns became the first Black woman CEO of a Fortune 500 company
Delve into the life of Burns, who rose from modest beginnings to become the first Black woman CEO of a Fortune 500 company, shaping a legacy in business leadership and STEM advocacy.
7 women of color leading the way in global finance
Explore the journeys and accomplishments of seven influential women of color who are reshaping the landscape of the global finance industry with their leadership, innovation, and resilience.
Abbey Wemimo’s meteoric rise: From Lagos slums to a billion-dollar fintech business
Nigerian immigrant Abbey Wemimo creates U.S. fintech unicorn against odds.
Black executive Craig Arnold earns $14.1-million salary from Eaton
Arnold saw his compensation from the power management company decline by 37.7 percent from his previous year’s pay of $19.37 million.
Black executive Lloyd Yates earns $7.1-million salary from NiSource in 2022
Lloyd Yates also received a long-term incentive award amounting to $4.67 million from the Indiana-based utility company.
5 richest bankers on the Malawi Stock Exchange
These trailblazers lead key banking institutions including FMB Capital Holdings, FDH Bank Plc, NICO Holdings, and the National Bank of Malawi.