South African tycoon Adrian Gore gains $21 million from investment in Discovery
As the founder of the leading financial services group, Gore owns a 12.96-percent stake in Discovery, which amounts to 87,267,598 ordinary shares.
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Oprah Winfrey surges past Jay-Z on world’s richest list with $2.8-billion net worth
Forbes’ latest rankings position Winfrey as the world’s 1,057th richest person, leaving Jay-Z behind at the 1,224th spot.
Billionaire Michael Lee-Chin’s NCB set to raise $180 million from investors
NCB is majority-owned by Jamaican-Canadian billionaire Michael Lee-Chin, a top figure among the world’s Black billionaires.
Fani Titi, one of Africa’s leading executives, urges South Africans to ditch ‘useless’ politicians
Titi also acknowledged reasons for hope, highlighting a growing awareness of the urgent need for action to address South Africa’s challenges.
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $5.5 billion
Naguib Sawiris has seen his wealth figures slump by $350 million over the past 49 days, translating to an average loss of $7.14 million per day since Sept. 13.
5 companies linked to South African businesswoman Noluthando Gosa
Gosa owns a substantial 6.15-percent stake in ArcelorMittal South Africa, a Gauteng-based steelmaker.
South African exec Terence Sibiya earns $1.1-million salary from Nedbank in 2022
Sibiya was appointed Nedbank’s managing executive for the rest of Africa in 2018, and, in 2020, he joined the group executive committee.
Blackstone and firm led by America’s richest Black billionaire join forces to acquire Energy Exemplar
Vista Equity Partners, under the leadership of Smith, has rapidly become a dominant force in the technology sector since its establishment in 2000.
Kenyan tycoon Suresh Bhagwanji Shah loses $1.8 million from I&M Bank stake
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
South African tycoon Jens Montanana suffers $6.4-million loss from Datatec stake
Montanana maintains his status as one of the wealthiest investors on the Johannesburg Stock Exchange.
Meet South African entrepreneur Paul Mashegoane: A serial company creator
Mashegoane’s journey is a testament to what can be accomplished when ambition, innovation, and a deep commitment to societal growth converge.
Kenyan tycoon James Mwangi earns $1.4-million salary from Equity Group
Mwangi has played a key role in Equity Group’s expansion over the years, leading the expansion of the lender’s operations into multiple countries.
10 companies owned by Nigerian mogul Adebayo Ogunlesi
Adebayo Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
Dangote’s salt-processing company surpasses $70-million revenue mark in 9M-2023
As the majority shareholder of Nascon Allied Industries, Dangote’s stake in the salt and seasoning processing company is now worth $117 million.
South Africa’s second-richest man Nicky Oppenheimer hit by $470-million loss in 12 days
Despite the decrease in his net worth, Oppenheimer’s present fortune of $8.48 billion makes him the world’s 247th richest individual and Africa’s third-richest man.