Moroccan tycoon Lamia Tazi gains $6 million from Sothema stake in 15 days
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
African Billionaires
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
5 companies linked to Mellody Hobson, one of America’s top Black businesswomen
From Ariel Investments to Starbucks and JPMorgan Chase, delve into her strategic vision, commitment to diversity, and impact on global leaders.
South African exec Paul Dunne earns $1.5-million salary from Northam in 2023
His compensation comprises a base salary of R11.23 million ($0.60 million) and augmented by a short-term incentive of R8.41 million ($0.45 million).
One of Malawi’s richest men, Hitesh Anadkat, gains $20 million from FMB Capital
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
7 assets owned by Kevin Cohee, founder of America’s largest Black-owned bank
From strategic acquisitions to transformative leadership, Cohee’s impact extends beyond banking, reshaping finance and championing economic empowerment.
Nigerian banker Herbert Wigwe-led group acquires new insurance brokerage firm
The move aligns with the group’s vision of building a globally connected community of ecosystems inspired by Africa for the world.
Adenuga’s firm, six others get approval to distribute fuel from Aliko Dangote’s refinery
The marketers have registered for the lifting and distribution of refined petroleum products.
South African billionaire Ivan Glasenberg suffers $389-million loss in first weeks of 2024
Glasenberg’s wealth is derived from his 9.81-percent stake in Glencore, a Swiss multinational commodity trading and mining company.
Egypt’s second-richest man Naguib Sawiris kicks off 2024 with $201-million loss
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Nigerian insurance tycoon Wole Oshin gains nearly $2 million from Custodian stake
Oshin wields significant influence with a 26.81-percent stake, equating to 1,576,662,503 ordinary shares.
Why African billionaires are banking in Belize: Luigi Wewege, president of Caye International Bank
Wewege explains to Billionaires.Africa the reasons why wealthy Africans are flocking to bank in the Central American country.
Kenyan tycoon Kiprop ‘Buzeki’ Bundotich forced to lay off 300 staff amid soaring fuel prices
Buzeki cited the adverse effects of high fuel prices, exacerbated by the government’s decision to eliminate fuel subsidies during Kenyan President William Ruto’s administration.
Africa’s first Black billionaire Patrice Motsepe makes $100 million in first two weeks of 2024
Despite a 10-percent plunge in the market value of Motsepe’s 40-percent stake in ARM, the surge in his net worth is linked to the revaluation of private investments.
Nigerian businessman Tony Elumelu gains $14 million from UBA stake
Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent investors