Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
African Billionaires
South African tycoon Neal Froneman loses $2.1 million in 19 days
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
World’s richest Black woman donates $2.5 million to U.S. Dream Academy
Winfrey’s latest pledge is a testament to her commitment to the organization’s cause and marks a significant milestone in her continued support.
Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
South African businessman Mteto Nyati steps down from Nedbank board
Nyati is widely recognized as an inspiring leader with a proven track record of successfully executing growth and turnaround strategies.
Jamaica’s richest man awarded $43 million in dispute with Dominican Republic
Jamaica’s richest man Michael Lee-Chin, who is worth $1.3 billion, according to Forbes, made a fortune investing in financial companies.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
Egyptian billionaire Ahmed Ezz takes $36.5-million loss from Ezz Steel stake
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
Nigerian oil tycoon Omamofe Boyo could go on trial in Milan over alleged fraudulent tanker deal
Boyo is the deputy CEO of Oando Plc and owns an indirect 19.1-percent stake in the company.
10 investments held by Sudanese billionaire Mo Ibrahim
Ibrahim, the founder of Celtel International, manages a chunk of his wealth through Satya Capital, a private equity fund and family office.
South African tycoon Andre Du Plessis becomes $11 million richer as Capitec shares soar
Du Plessis, a prominent South African businessman, owns a beneficial 0.78-percent stake in Capitec Bank.
7 companies owned by Kenyan tycoon Adil Popat
Following in his legendary father Abdul Karim Popat’s footsteps, Adil Popat has risen to become one of Kenya’s wealthiest and most influential business figures.
Egyptian fintech founder Ashraf Sabry loses $1.3 million from Fawry stake
Sabry, who founded Fawry in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the fintech firm.
Coco Gauff nets $781,100, adding to $5-million windfall at U.S. Open
Gauff presently ranks as the world’s number-three female tennis player, trailing behind 22-year-old Iga Swiatek and 25-year-old Belarusian pro Aryna Sabalenka.
5 companies owned by John Legend
Legend, the King of Modern Soul, owns businesses in television production, apparel, alcoholic beverages, mobile tech and skincare.
One of Malawi’s richest men, Thom Mpinganjira gains $125 million in 2023
Mpinganjira’s stake in the bank solidifies his position as one of the wealthiest individuals in Malawi and across Southern Africa.