Nigerian billionaire Femi Otedola makes $250 million in eight days
With Geregu Power’s impressive performance and Otedola’s rising fortunes, the company solidifies its position as a key player in Nigeria’s energy sector.
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South African tycoon Stephen Brookes loses $1.8-million from Balwin stake
This significant downturn in Brookes’ stake underscores the challenges faced by Balwin Properties and its largest shareholder amidst the market turbulence.
South African tycoon Christopher Seabrooke earns $1.3-million salary from Sabvest in 2022
Seabrooke, who has been Sabvest CEO since 1987, has played a pivotal role in the company’s growth, marked by numerous milestones.
Ugandan tycoon Charles Mbire takes $2.3-million hit from MTN Uganda stake
The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
Adebayo Ogunlesi: Nigerian billionaire whose firm owns London’s Gatwick Airport
Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Nigerian tycoon Tony Elumelu’s UBA records $570 million in profit in 9 months
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Nigerian billionaire Mike Adenuga’s oil firm records $175 million in 9M revenue
Nigerian billionaire Mike Adenuga’s leadership marks continued success for petroleum marketing company Conoil Plc.
South African banker Jacques Celliers’ salary at FirstRand amounts to $2.4 million in 2023
Since assuming the mantle of FNB CEO, Celliers has made significant contributions through his leadership of the First National Bank segment.
Namibian tycoon Quinton van Rooyen faces $8.5-million loss in just one week
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco, ranks as one of Namibia’s richest men.
Kevin Durant nears $400 million in career earnings milestone in current NBA season
Durant’s salary for the season, which includes impressive cash incentives, is expected to reach a staggering $46.4 million.
South Africa’s richest man Johann Rupert loses another $800 million in 18 days
Despite this recent setback, Rupert retains his status as South Africa’s richest individual, surpassing fellow South African magnate Nicky Oppenheimer.
South African banker Laurie Dippenaar loses $24 million from FirstRand shares
Dippenaar’s 1.76-percent stake in FirstRand is now worth $316.9 million.
Cement empire of Nigeria’s second-richest man surpasses $420 million in 9M revenue
This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
Egyptian tycoon Ahmed Ezz makes $300 million in 22 days
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
8 businesses owned by Nigeria’s richest pastor, Bishop David Oyedepo
Billionaires.Africa explores eight businesses founded by Bishop Oyedepo. His remarkable influence extends far beyond Nigeria.
Egypt’s richest man Nassef Sawiris loses nearly $500 million in 9 days
As a result of this recent $470 million decline, Sawiris, who ranks as the richest man in Egypt and the Arab world, is presently the 322nd wealthiest individual globally.