South African tycoon Noluthando Gosa-linked steel company posts $25-million loss in H1 2023
ArcelorMittal South Africa is a Gauteng-based steelmaker partly owned by Gosa.
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Egyptian billionaire Ahmed Ezz gains $137 million as Ezz Steel shares surge
Ezz holds a majority 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
7 companies owned by Ethiopia’s richest man, Mohammed Al-Amoudi
As one of the largest investors in Sweden, Al-Amoudi owns Preem, Svenska Petroleum Exploration, and Midroc Europe.
Egyptian Khamis family gains over $50 million from stake in Oriental Weavers
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake of 40.58 percent in Oriental Weavers.
Meet Shonda Rhimes: Powerhouse producer of ‘Bridgerton,’ who ranks as one of America’s richest Black women
As a visionary producer, creative genius, and business trailblazer, Rhimes’ influence will continue to shape the future of television and storytelling.
Egypt’s NSPO acquires $52-million stake in Pakinam Kafafi-led TAQA Arabia
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
Led by Kenya’s richest families, NCBA plans to expand with ten new branches in Kenya
NCBA Group, a leading financial services conglomerate, is partially owned by some of Kenya’s richest families, Kenyatta, Merali, and Ndegwa families.
Nigeria’s second-richest man Abdul Samad Rabiu splashes $4.8 million to acquire new shares in BUA Cement
Based on the current share price, the total market value of Rabiu’s 96.13-percent stake in BUA Cement now stands at N3.22 billion ($4.06 billion).
Centum, linked to Chris Kirubi’s heirs, acquires 4.64 million shares under share buyback program
The late Kirubi, a prominent Kenyan tycoon and serial investor, owned a 31-percent stake in Centum Investments before his passing in 2021 at 80.
5 companies owned by the world’s richest Black woman, Oprah Winfrey
Billionaires.Africa has closely monitored prominent companies founded or partly owned by Winfrey, identifying her influence over these ventures.
Tanzanian gold magnate Ketan Patel suffers $2.3-million loss as Shanta Gold shares retreat
Patel, the founder of the Tanzania-based mining company, presently holds a 4.22-percent stake in Shanta Gold, or 44,274,017 ordinary shares.
Alan Pullinger, CEO of Africa’s largest bank, gains $3.8 million in 57 days
Pullinger owns a minority shareholding of approximately 0.1 percent in FirstRand.
Egyptian billionaire Mohamed Al Fayed’s net worth surges by $100 million in 107 days
Al Fayed’s net worth has soared by $100 million, reaching $2.1 billion from $2 billion on April 10.
7 companies owned by Egypt’s third-richest man, Mohamed Mansour
Mansour co-owns Mansour Group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
Nigerian businessman Atedo Peterside gains $2.6 million from Stanbic IBTC stake
Peterside, a key figure in the Nigerian banking industry, holds a significant 1.14-percent stake in Stanbic IBTC.
Meet Gabonese oil tycoon Samuel Dossou-Aworet, who owns $170-million share in Nigeria’s top energy group
Dossou-Aworet’s meteoric rise from humble beginnings to the pinnacle of Africa’s energy elite is a tale of determination and razor-sharp business acumen.