Greek multimillionaire John Coumantaros gains $10.5 million from Flour mills stake
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
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Rick Ross and Maybach Music Group form new alliance with Gamma
African-American Hip-hop star and entrepreneur Rick Ross is the founder of the Maybach Music Group.
Egypt’s richest man Nassef Sawiris gains $150 million in 4 days
Sawiris’ net worth has surged by $150 million in just four days, translating to an average gain of $37.5 million per day since Sept. 26.
Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals
The Ndegwa family’s latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
5 companies owned by Tyra Banks
Banks owns companies in the beauty, TV production, and food sectors.
Africa’s first Black billionaire Patrice Motsepe faces $900-million loss in 2023
Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.
South African tycoon Gerrie Fourie gains more than $10 million in 24 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank, or 1,027,673 ordinary shares.
Nigerian banker Herbert Wigwe to receive $1-million dividend from Access Holdings
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
Gideon Muriuki-led Co-op Bank becomes Kenya’s second-most valuable lender
Under the leadership of Muriuki, who serves as the bank’s CEO, Co-op Bank has solidified its position as a key player in the market.
Moroccan real estate tycoon Alami Lazraq rakes in $31.6 million from ADI stake
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
5 companies owned by Cardi B
Forbes recognizes Cardi B as one of the most influential female rappers ever.
Burkinabe tycoon Idrissa Nassa’s Coris Bank extends $55-million debt to gold producer
Coris Bank International, under the leadership of Nassa, has emerged as a prominent force in the financial services industry.
South African tycoon Jonathan Jawno suffers $6.3-million loss in 58 days
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
5 companies owned by African-American multimillionaire Richelieu Dennis
Dennis pocketed $850 million in 2017 when Unilever acquired Sundial Brands, the beauty company he founded.
Ghanaian executive Ebenezer Asante earns $2.7-million salary from MTN in 2022
Asante oversees the company’s operations in three key regions.
Africa’s richest man Aliko Dangote’s Dangote Foods to emerge before end of 2023
Notably, the merger is poised to significantly boost the net worth of Dangote, who ranks as the richest man in Africa.