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.
African Billionaires
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.
Tripoli-born American executive Nazzic Keene receives $8.6-million salary from SAIC in 2023
The impressive compensation package underscores Keene’s contribution to the company’s growth until her decision to step down from the CEO position.
South African tycoon Jonathan Jawno gains $7.1 million from stake in Transactional Capital
Jonathan Jawno, a founding member of Transaction Capital, owns a significant 9.59-percent stake in the investment holding.
Raphael Wright revolutionizes Detroit with sole Black-owned grocery: A beacon of hope
Business & Finance Raphael Wright has transformed a former liquor store into Detroit’s sole Black-owned grocery, breathing life into the Jefferson-Chalmers neighborhood.…
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Tunisian tycoon Abdelwaheb Ben Ayed gains $1 million from Poulina stake
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
Nigerian tycoon Mike Adenuga holds ground among world’s top 900 billionaires despite early 2023 setback
With a net worth of $3.3 billion, Adenuga holds the title of the third-richest billionaire in Nigeria.