South African tycoon Johan Burger scores $2.6 million gain from FirstRand stake
Burger owns a minority 0.11-percent stake, equivalent to 6,000,000 ordinary shares, in FirstRand.
African Billionaires
Egyptian billionaire-led construction giant to invest $200 million in projects across Tanzania, Ghana, and beyond
The agreement was signed by Mohy Eldin Abdin, group CFO of Hassan Allam Group, and Kanayo Awani, executive vice president of Intra-African Trade Bank at Afreximbank.
6 companies linked to U.S. top Black executive Mary Winston
Recognized among the “100 Most Influential People in Finance, her legacy unfolds alongside industry pioneers like Ursula Burns.
5 companies owned by South African billionaire Stephen Saad
Beyond Aspen Pharmacare, Saad’s influence extends to a diverse array of companies, each representing a facet of his entrepreneurial prowess.
Greek tycoon John Coumantaros rakes in $9.4 million from Flour mills stake
Coumantaros, the chairman of Flour Mills of Nigeria also ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Kanye West: Tracing the music icon’s rise to business powerhouse
West’s tale transcends music, marking his rise as a visionary in fashion and business, illustrating his profound impact across industries.
South African billionaire Christo Wiese’s Premier Group plans $66 million in capex over next two years
Premier Group is a prominent South African fast-moving consumer goods (FMCG) conglomerate partly owned by billionaire tycoon Christo Wiese.
South Africa’s richest man Johann Rupert makes $700 million in 24 hours
The sudden boost in his wealth is attributed to the recent pullback in the share price of Richemont, a leading luxury goods group where Rupert holds a substantial stake.
Energy group led by Egyptian exec Pakinam Kafafi records $12 million in profit in 9 months
TAQA Arabia remains resilient under Egyptian executive Pakinam Kafafi despite escalating operating costs.
U.S.-Nigerian telecom tycoon Sam Darwish’s stake in IHS surges above $70 million
Sam Darwish, a leading figure in the global telecom industry, owns a substantial 4.17-percent stake in IHS Holdings
Glencore-led by South African exec Gary Nagle to acquire stake in coal business in $6.9-billion deal
Expressing satisfaction with the acquisition, Glencore CEO Gary Nagle highlighted the complementarity of Elk Valley’s assets with Glencore’s existing coal production.
Lender linked to Kenya’s richest families commits $198 million for green financing
NCBA Group is a Nairobi-based financial services conglomerate partially owned by the Kenyatta family renowned as Kenya’s largest landowners.
South African tycoon Christopher Seabrooke loses nearly $3 million from Sabvest stake
Seabrooke, who has played a vital role in Sabvest Capital’s growth, holds a 40.61-percent stake in the investment holding company.
Jay Z: How a Brooklyn boy became a billionaire mogul
Jay Z’s entrepreneurial vision shines in diverse investments and music rights
South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
15 richest investors on the Zimbabwe Stock Exchange
These investors, ranging from entrepreneurs like Michael Fowler to international figures like Nicholas Van Hoogstraten, contribute significantly to Zimbabwe’s economy.