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.
African Billionaires
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.
5 businesses owned by Halle Berry
Iconic screen goddess Halle Berry has lent her Midas touch to various business ventures in beverages, lingerie and biotech.
South Africa’s Ackerman family faces $205-million loss in Pick ‘n Pay shares
The Ackerman family, renowned for their wealth and investments, holds a 25.53-percent stake in Pick ‘n Pay.
Shoprite to pay South African billionaire Christo Wiese $13.8-million dividend
Wiese owns an 11.58-percent stake in Shoprite, valued at more than $900 million.
Byron Allen offers $10 billion to acquire Disney’s ABC network and cable channels
After pursuing a majority stake in BET Media Group, Allen’s recent bid represents a major development in the rapidly evolving media landscape.
Zimbabwe’s richest man Strive Masiyiwa’s net worth surges by $100 million in 15 days
Masiyiwa continues to demonstrate his ability to adapt to changing market dynamics, making him a top figure on the African continent.
Africa’s richest man Aliko Dangote’s refinery to commence operations by October
Despite these delays, Dangote’s fortune has witnessed a remarkable surge, catapulting him back among the world’s top 100 billionaires.
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
South African exec Tsholofelo Molefe earns $1.1-million salary from MTN Group in 2022
Under Molefe’s astute leadership as group CFO, MTN Group has experienced a remarkable surge in profitability and revenue.
7 companies owned by Kevin Hart
In 2020, Hart’s earnings soared to $39 million, as reported by Forbes, solidifying his status as one of the world’s highest-earning celebrities.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
South African-born business executive Bob van Dijk departs as CEO of Naspers, Prosus
Van Dijk has been the CEO of Naspers since 2014.
Hitesh Anadkat, one of Malawi’s richest, surpasses $245 million in year-to-date gains
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
7 companies owned by Egypt’s richest man Nassef Sawiris
Sawiris derives his wealth from his holdings in Adidas, the renowned sportswear giant, and OCI N.V., a Netherlands-based fertilizer producer.