One of Botswana’s richest men, Ramachandran Ottapathu, loses $2.3 million
As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
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Burkina Faso’s richest man in alleged bid to topple junta leader
Burkina Faso’s richest man Mahamadou Bonkoungou and the country’s leader Ibrahim Traore are said to be at war.
Nigerian billionaire Mike Adenuga to receive $1.65-million dividend from Conoil
Led by the visionary Mike Adenuga, Conoil has firmly established its dominance in Nigeria’s petroleum marketing arena.
Liquidators pick 10,000 members for payout from South African tycoon Cornelius Steynberg’s firm
This comes as a U.S. federal court ordered Cornelius Steynberg to pay $3.4 billion in restitution to victims of forex fraud.
U.S. group to earn $13.5 million in deal with Kenyatta family-linked lender, NCBA
Through their late patriarch’s estate, the Kenyatta family maintains a significant 13.2-percent stake in NCBA Group, equivalent to 217,497,023 ordinary shares.
South African-born billionaire Patrick Soon-Shiong loses $250 million
Despite the recent financial setback, Soon-Shiong’s influence in the medical field and his entrepreneurial spirit remain undiminished.
Nigerian billionaire Mike Adenuga’s oil firm to distribute $2.2-million dividend to shareholders
Under the astute leadership of Adenuga, Conoil has solidified its position as a dominant force in Nigeria’s petroleum marketing industry.
Moroccan pharma tycoon Lamia Tazi suffers $3-million loss from Sothema stake
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
Gilbert Chagoury: Controversial billionaire awarded contract to construct Lagos-Calabar Coastal Highway
Back in 1971, Gilbert Chagoury and his younger brother, Ronald Chagoury, set the stage for their remarkable journey by founding the Chagoury Group.
Ugandan multimillionaire Mohammed Hamid faces loss of five-star hotel over $160-million debt
Hamid is the founder of Aya Group, which has interests in milling, food manufacturing, commodity trading and hospitality.
Egyptian businessman Hani Berzi loses over $12 million from Edita stake
Despite the recent slump in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Stock Exchange.
South African exec Margaret Nienaber’s salary at Standard Bank amounts to $2.3 million
As one of the top figures in the group, Nienaber has made significant contributions to the remarkable financial achievements of Standard Bank Group.
Ghanaian liquor tycoon Kwabena Adjei secures new market in Kenya
Kwabena Adjei founded Kasapreko Company Limited (KCL), an indigenous manufacturer and producer of alcoholic and non-alcoholic drinks, in 1989.
Morocco’s richest woman Salwa Akhannouch delves into hospitality
Akhannouch is the founder of the Aksal Group, a Moroccan conglomerate that owns shopping malls and franchises to luxury brands.
7 assets owned by Kenya’s largest landholders, Kenyatta family
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
7 companies owned by Dwyane Wade
Miami Heat legend Dwyane Wade has built a multimillion-dollar empire in sportswear, wines, television production and baby products.