Egyptian tycoon Hani Berzi rakes in $13.7 million in eight days from Edita stake
Berzi — who founded the consumer goods conglomerate in 1996 and serves as chairman and managing director — owns a significant 41.95-percent stake in Edita.
African Billionaires
South African executive Pieter van der Westhuizen earns nearly $1-million salary in 2023
As the group’s CFO since Sept. 2013, Westhuizen’s remuneration marks an 18.4 percent increase from the R12.3 million ($0.66 million) package he received in the prior year.
San Francisco-based Nigerian entrepreneur leads startup to successful $1.5-million round
Cleva specializes in assisting African individuals and businesses in receiving international payments by facilitating the opening of USD accounts.
5 companies linked to Siza Mzimela, the first Black woman to start an airline
From her historic role as CEO of South African Airways to founding Fly Blue Crane and leading transformative ventures.
Nigerian banker Herbert Wigwe gains $15 million, Access Bank tops $1-billion market cap
As the group managing director and CEO of Access Holdings, Wigwe holds a substantial 9.09-percent stake in the lender, or 3,230,789,014 ordinary shares.
Refinery owned by Africa’s richest man prepares for test runs as sixth batch of crude arrives
The latest delivery, consisting of one million Agbami barrels of crude, marks the completion of the 6-million-barrel consignment to be utilized in the start-up phase.
Tiger Woods and Nike part ways after 27 years and staggering $660-million deal
While neither Nike nor Woods provided a specific rationale for the separation, rumors had been circulating for several months.
Nigeria’s richest banker Jim Ovia’s Zenith Bank shares surge by $25 million 8 days
This surge firmly cements Ovia’s status as Nigeria’s wealthiest banker.
Nigerian billionaire Mike Adenuga’s Glo faces service disruption over unpaid interconnect charges
According to the notice, the NCC has granted partial approval for the disconnection of Glo from MTN Nigeria.
Top Black CEO Marvin Ellison loses $2.2 million from Lowe’s shares
Despite a $2.2-million reduction in Ellison’s Lowe’s stake, he retains his status as one of the world’s highest-ranking Black CEOs.
South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
5 companies owned by reclusive Zimbabwean tycoon Zinona Koudounaris
Unearth his vast portfolio, spanning from Simbisa Brands’ fast-food dominance to Padenga Holdings’ global presence in luxury fashion.
South African executive Peter Mountford pockets $1.2-million salary in 2023
Mountford’s compensation package demonstrates a remarkable increase from the previous year’s total of $0.96 million.
Nigerian gambling magnate Kessington Adebutu gains $7.2 million in first week of 2024
In the first week of 2024, Wema Bank shares on the NGX rose by 33 percent from N5.55 ($0.006) to N7.38 ($0.008).
7 companies owned by South African real estate tycoon Stephen Brookes
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
Namibian tycoon Koos Brandt made $20 million in 2023 from Capricorn shares
Brandt, who stepped down as chairman of Capricorn in 2017, owns an 18.5-percent stake in the Windhoek-based investment firm.