South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
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6 companies owned by Idris Elba
Elba’s business ventures range from wine and music to movies and fashion.
Somali mogul Ismail Ahmed challenges British firm’s money printing contract in Somaliland
Ahmed is the co-founder of Zepz, a conglomerate housing globally acclaimed payment giants WorldRemit and Sendwave.
Aga Khan IV takes $2.5-million hit from stake in Nairobi-based insurer Jubilee
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
South African tycoon Neal Froneman loses $2.1 million in 19 days
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
World’s richest Black woman donates $2.5 million to U.S. Dream Academy
Winfrey’s latest pledge is a testament to her commitment to the organization’s cause and marks a significant milestone in her continued support.
Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
South African businessman Mteto Nyati steps down from Nedbank board
Nyati is widely recognized as an inspiring leader with a proven track record of successfully executing growth and turnaround strategies.
Jamaica’s richest man awarded $43 million in dispute with Dominican Republic
Jamaica’s richest man Michael Lee-Chin, who is worth $1.3 billion, according to Forbes, made a fortune investing in financial companies.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
Egyptian billionaire Ahmed Ezz takes $36.5-million loss from Ezz Steel stake
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
Nigerian oil tycoon Omamofe Boyo could go on trial in Milan over alleged fraudulent tanker deal
Boyo is the deputy CEO of Oando Plc and owns an indirect 19.1-percent stake in the company.
10 investments held by Sudanese billionaire Mo Ibrahim
Ibrahim, the founder of Celtel International, manages a chunk of his wealth through Satya Capital, a private equity fund and family office.
South African tycoon Andre Du Plessis becomes $11 million richer as Capitec shares soar
Du Plessis, a prominent South African businessman, owns a beneficial 0.78-percent stake in Capitec Bank.