Safwan Thabet’s Juhayna smashes expectations with $20-million profit
Juhayna Food Industries is majority-owned by renowned Egyptian businessman Safwan Thabet.
Latest
Led by Mauritian businessman Jean Ribet, BMH posts $5.8 million in profit
Ribet owns a 3.32-percent stake in BMH Limited.
Botswana-based businessman Jonathan Gibson fortune skyrockets by $3.3 million
Gibson owns a 35.6-percent stake in Chobe Holdings, a Gaborone-based tourism firm listed on the Botswana Stock Exchange.
$100,000 investment in Femi Otedola’s firm 6 months ago is now worth $320,000
In the past six months, the market cap of Otedola’s Geregu Power has risen by $1.21 billion to $1.75 billion.
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
Moroccan tycoon Lamia Tazi set to receive $1.48-million dividend
Tazi holds a substantial 8.4-percent stake in Morocco’s leading healthcare company, Sothema, or 605,030 shares.
Vista Equity, owned by America’s richest Black person Robert F. Smith, seals $2.6 billion acquisition of Duck Creek
Vista Equity Partners was founded by America’s richest Black billionaire Robert Smith in 2000
Nigerian banker Herbert Wigwe’s Access Holdings pours $300 million into flagship banking business
Herbert Wigwe owns a 4.51 percent stake in Access Holdings, Nigeria’s largest bank in terms of assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
10 African U.S. dollar billionaires who Forbes missed
Meet 10 African billionaires who did not feature in Forbes’ annual ranking of the world’s richest people.
Strive Masiyiwa, Zimbabwe’s wealthiest man, bounces back with $800-million net worth increase
Masiyiwa derives a portion of his fortune from his stake in Econet Zimbabwe.
Nigerian billionaire Tony Elumelu to pocket $4.65 million in dividends from UBA
Elumelu owns a significant 6.9-percent stake in UBA.
Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Meet the world’s 19 Black billionaires in 2023
While some Black billionaires have not fared well since the start of the year, others have built on their fortunes.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.