U.S.-Nigerian mogul Sam Darwish’s IHS proposes new terms to keep MTN Towers
Founded in 2001 by Darwish, IHS has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
African Billionaires
Nigerian banker Herbert Wigwe gains $12 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
Tony Elumelu rakes in $14 million as UBA becomes a billion-dollar bank
The recent 23.73-percent surge in UBA’s shares over the past 48 days has strengthened its position as one of the most valuable companies on the Nigerian Exchange.
Top Black executive Deon Riley earns $5.9-million salary from Bath & Body Works
Riley brings a seasoned track record in HR leadership and strategic talent management to her role as chief human resources officer at Bath & Body Works.
5 companies owned by South African tycoon Laurie Dippenaar
As a strategic force shaping FirstRand and its diverse subsidiaries, Dippenaar’s legacy extends beyond wealth accumulation to impactful philanthropy.
Black executive Kofi Bruce earns $5-million salary from General Mills in 2023
Beyond his executive and leadership roles at the American multinational food company, Bruce owns a minority 0.0075-percent stake in General Mills.
South African billionaire Nicky Oppenheimer eyes $9.5-billion fortune as wealth soars
With his current fortune of $9.43 billion, Oppenheimer now claims the 231st spot on the global list of the wealthiest individuals.
Cross-border payment firm led by Ugandan tech tycoon lays off employees again
Since its inception nearly five years ago, Chipper Cash has raised $300 million in venture capital funding, securing a valuation of $2.2 billion.
Abu Dhabi emerges as global billionaire hub, attracting Egypt’s richest man and others
The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
South African-born tycoon Barry Stuhler makes $12.6 million from Lighthouse
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
Egyptian billionaire dives into Caribbean real estate, acquires 20 acres in Barbuda
Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.
Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.
Tunisian tycoon Habib Essayeh gains $2.6 million as Euro-Cycles shares soar
Essayeh, Euro-Cycles’ CEO, owns a significant 33.6-percent stake in the Tunis-based automotive company.
Femi Otedola’s power company aims for $39.56 million in revenue in Q1 2024
Geregu Power aims to double revenue in the first quarter of 2024 despite operating challenges.
5 businesses owned by Kerry Washington
Washington is the founder of Simpson street, a movie production company, and owns investments in The Wing, Byte and Community.
8 companies owned by Black executive Donald Thompson
Thompson’s wealth story mirrors his influential career trajectory and unwavering commitment to fostering innovation and growth in the food and beverage sector.