South African tycoon Noluthando Gosa suffers $13-million loss from ArcelorMittal stake
Gosa derives most of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
African Billionaires
Cameroonian billionaire Samuel Foyou gets green light to launch bank
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
7 assets owned by Kevin Durant
Durant is one of the world’s highest-paid athletes, with lucrative endorsements from big names like Gatorade, Degree, and a recent lifetime sneaker deal with Nike.
Kenya’s second-largest landowners, Moi family protests half-a-million-dollar legal bill
The Moi family, renowned for its significant influence in both business and politics, has emerged as one of Kenya’s wealthiest families.
7 companies linked to South African businessman Barry Stuhler
With over 30 years of experience in property management and real estate investment, Stuhler’s impact on the industry is unmatched.
4 businesses owned by Alicia Keys
Iconic musician Alicia Keys has lent her Midas touch to various business ventures in beverages, cosmetics and apparel.
Burkinabe tycoon Idrissa Nassa’s Coris Bank advances as finalist in Cape Verde bank acquisition
Under the leadership of Nassa, Coris Bank has emerged as a formidable force in the financial services industry.
Moroccan tycoon Adil Douiri gains $2.4 million as Mutandis shares soar
With this recent bump in the market value of his stake, Adouiri cements his position as one of the richest investors in the Casablanca bourse.
Stephen Saad’s Aspen to pioneer South Africa’s first human insulin production
Established in 1997 by Saad, Aspen has steadily expanded its global presence in the pharmaceutical sector.
Nigerian tech entrepreneur Favor Ori’s explores acquisition options after raising $3 million
PayDay, founded by Ori nearly two years ago, maintains dual headquarters in Canada and Rwanda.
South African banker Alan Pullinger loses $2.7 million from FirstRand stake
Alan Pullinger remains one of South Africa’s most affluent executives and one of the wealthiest investors on the Johannesburg Stock Exchange.
South African banker Jacques Celliers’ salary at FirstRand amounts to $2.2 million
Celliers, a South African multimillionaire banker and executive who is also an engineer by training, joined FirstRand in 2000.
Africa’s richest man Aliko Dangote’s refinery imports crude ahead of launch
The Dangote Oil Refinery project stands as a resounding testament to the unwavering dedication of Aliko Dangote and the Dangote Group.
Naivas, owned by Kenya’s Mukuha family, faces penalty for data breach violation
Naivas, a retail giant established in 1990 by the late Kenyan tycoon Peter Mukuha Kago, has long held a dominant presence in Kenya.
Kenyan multimillionaire Peter Munga faces auction of properties over unpaid debts
This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctions in the past.
Moroccan royal family, chinese firm in $2-billion joint venture
Al Mada, the holding company of Morocco’s royal family, is partnering with CNGR Advanced Material Co. to establish an industrial base in Morocco.