Led by Zimbabwean exec Ralph Mupita, MTN secures $200 million from Mastercard
This investment commitment to fostering technological and infrastructural development across Africa.
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Business ventures owned by Jerome ‘Iggy’ Iginla
How did Jarome Iginla, one of the greatest hockey players of all time, build his impressive net worth of $60 million?
Family feud erupts over Naivas shares as heirs of Kenyan business titan seek control
Newton Kagira Mukuha, in his application, argued that certain assets within the estate have not been properly distributed, expressing worries over lack of representation.
Bill Gates- and Jeff Bezos-backed mining venture discovers copper deposit in Zambia
With backing from Breakthrough Energy Ventures, led by Gates and Bezos, KoBold is poised to advance its operations rapidly to meet the surging global demand.
Egyptian multimillionaire and steel magnate Ahmed Ezz faces $100-million loss in just 8 days
Ezz owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
South African executive Fleetwood Grobler pockets $2.1-million salary in 2023
Despite a 5.24-percent decrease compared to the previous year’s R42.95 million ($2.26 million), Grobler’s leadership continues to play a key role in Sasol’s financial performance.
South African-born billionaire Patrick Soon-Shiong gains $320 million within 72 hours
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
Ghanaian businessman to send 600 students to study in Russia after $1-billion deal
The initiative comes on the heels of Jospong Group’s recent $1-billion deal with Indian carbon credit developer EKI Energy Services.
South African mogul Neal Froneman remains resilient in Sibanye’s copper asset pursuit
Froneman emphasized the challenges of the current copper market, acknowledging its prior overheating but highlighting a gradual recovery.
Egypt’s billionaire El-Sewedy family loses $126 million in just six days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a beneficial stake of 68.1 percent in the company, equivalent to a total of 1,478,358,330 ordinary shares.
La La Anthony: A ‘host’ of many capabilities
How La La Anthony built four businesses in entertainment, fashion, cannabis, and haircare and became a global Afro-Latina phenom.
South African tycoon Ivan Saltzman sells $75.15 million worth of Dis-Chem shares
The sell-off, a routine measure to trim his stakes in the leading group, follows Saltzman’s decision to step down as the CEO in June 2023.
Chamillionaire: Rapper who turned his stage name into reality
How Chamillionaire leveraged his music career to become a venture capitalist with investments in more than 60 companies, including a spray-on antenna technology.
Unstoppable rise of Jimmy Butler: From NBA star to coffee mogul
Discover the inspiring story of Butler, an NBA star turned entrepreneur, whose determination led him to create the successful Bigface coffee brand and amass a net worth of $47.8 million.
One of Malawi’s richest men, Thom Mpinganjira loses $8 million in 32 days
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
Michael Jordan’s sneakers set record, fetching $8 million at Sotheby’s auction
Jordan continues to captivate generations with his unparalleled impact on and off the basketball court, further solidifying his status as a sporting icon.