Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
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South African exec Tsholofelo Molefe earns $1.1-million salary from MTN Group in 2022
Under Molefe’s astute leadership as group CFO, MTN Group has experienced a remarkable surge in profitability and revenue.
7 companies owned by Kevin Hart
In 2020, Hart’s earnings soared to $39 million, as reported by Forbes, solidifying his status as one of the world’s highest-earning celebrities.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
South African-born business executive Bob van Dijk departs as CEO of Naspers, Prosus
Van Dijk has been the CEO of Naspers since 2014.
Hitesh Anadkat, one of Malawi’s richest, surpasses $245 million in year-to-date gains
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
7 companies owned by Egypt’s richest man Nassef Sawiris
Sawiris derives his wealth from his holdings in Adidas, the renowned sportswear giant, and OCI N.V., a Netherlands-based fertilizer producer.
Mysterious Nigerian buyer pays $20 million to acquire Abo FPSO from BW Offshore
There is no information available whatsoever about the ownership of STAC or its existence prior to the deal with BW Offshore..
Nigerian energy tycoon Wale Tinubu gains $40 million from Oando stake
Tinubu, a towering figure in the Nigerian energy industry, who owns 66.67 percent of Ocean and Oil Development Partners (OODP), has an indirect stake in Oando.
5 businesses owned by Floyd ‘Money’ Mayweather
Over the course of his undefeated career, Floyd “Money” Mayweather has pulled in approximately $2.7 billion from global pay-per-view sales.
South African businessman Mfundo Nkuhlu earns $1.6-million salary from Nedbank in 2022
Nkuhlu has been the COO and executive director of Nedbank Group since January 2015, when he was appointed by the group’s board of directors.
Nigeria’s second-richest man Abdul Samad Rabiu rejoins world’s 500 richest billionaires
This surge in wealth has firmly positioned Rabiu as the 500th richest individual globally, just behind the 499th-ranked Charles Dolan.
Aga Khan IV gains $4.5 million from Nairobi-based insurer Jubilee Holdings
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Bank led by Kenyan tycoon James Mwangi partners with MasterCard to expand cross-border payments
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Firm led by America’s richest Black man set to reap billions from Stats Perform sale
Under Smith, Vista Equity has realized remarkable gains, totaling a substantial $14.3 billion through monetization activities since 2021.
Burna Boy to earn up to $1 million as headliner for Uganda’s new stadium opening
Burna Boy, known for his electrifying performances, has become a sought-after international act, commanding fees ranging from $700,000 to $1 million.