U.S. music mogul Sean ‘Diddy’ Combs donates $1 million to university
Combs is set to present Jackson State University with a $1-million gift to boost their football program.
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U.S.-Nigerian telecom tycoon Sam Darwish suffers $40-million loss
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.
Kenyan sugar mogul Jaswant Rai kidnapped by suspected police officers
Rai’s legal endeavors extended to business matters. In 2022, he contested the awarding of a leasing contract to the Uganda-based Sarrai Group.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
7 companies owned by Nigerian multimillionaire Tunde Folawiyo
Folawiyo’s impact extends beyond the Yinka Folawiyo Group. His extensive leadership journey has significantly impacted various companies.
Africa’s richest: Dangote’s grip strengthens as net worth hits $11.2 billion
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
The 7 richest women on the Nigerian Stock Exchange
Billionaires.Africa presents the seven wealthiest female investors on the Nigerian Stock Exchange as at Aug. 25, 2023.
Bank owned by Kenya’s richest families posts nearly $65 million in half-year profit
NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.
Kenya’s second-largest landowners, Moi family, grapple with legal bills
The Moi family, which commands significant influence across business and politics, has emerged as one of Kenya’s richest families.
Egyptian tycoon Medhat Khalil gains $11 million from investment in Raya Holding
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
Egyptian billionaire Ghabbour family suffers $10.6-million loss from GB Corp stake
Founded by the late Egyptian auto tycoon Raouf Ghabbour in 1985, GB Corp has emerged as a leading automobile distributor and assembler in the Middle East and North Africa.
South African banker Arrie Rautenbach’s salary at Absa amounts to $2.4 million
Rautenbach owns a minority stake of 0.026 percent, amounting to 218,412 shares in the financial services giant.
South African tech mogul Jens Montanana rakes in $2 million in 24 days
Montanana, who is renowned for his leadership and contributions to the tech industry, founded Datatec in 1986.
Egypt’s richest man Nassef Sawiris loses $540 million in 25 days
Sawiris remains not only the richest man in Egypt but also the most affluent individual in the Arab world.