Kenyan billionaire heiress’ husband, Andrew Musangi, approved as CBK chair nominee
Musangi is the founder of Mukite Musangi & Company Advocates (MMC), a prominent Kenyan legal firm.
African Billionaires
7 companies owned by Tyler Perry
Perry, the African-American filmmaker and billionaire mogul, is a towering figure in the global entertainment scene.
Tunisian tycoon Moncef Mzabi hit by $4-million loss from Artes stake
Mzabi owns a 24.8-percent stake in ARTES, translating into 9,370,387 ordinary shares.
Africa’s richest man Aliko Dangote’s refinery misses production deadline
The delay in the Dangote Oil Refinery’s production start has left stakeholders in Nigeria’s oil industry eagerly awaiting updates
South African billionaire Adrian Gore’s Discovery expects earnings to surge by 35 percent
Discovery Limited is a Sandton-based insurance conglomerate led by South African businessman Adrian Gore.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm soars by $68 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64-percent stake in the Moroccan property developer.
South African tycoon Pieter Engelbrecht pockets $2.6-million salary from Shoprite
Since assuming the mantle of CEO in January 2017, Engelbrecht has led Shoprite to impressive financial milestones.
Egypt’s Khamis family rakes in $1.2 million from Oriental Weavers’s stake
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
Andrew Musangi, husband of Kenyan billionaire heiress, unveils $8-million wealth
Musangi, the incoming Central Bank of Kenya (CBK) chair is the founder of Mukite Musangi & Company Advocates (MMC).
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $6 billion
Sawiris primarily holds his wealth in cash and closely held assets, amassed from the sale of his stake in Russian telecom company Vimpelcom.
Cameroon’s richest woman Kate Fotso suffers decline in cocoa business
Fotso is the current CEO of Telcar Cocoa, Cameroon’s largest cocoa export company.
South African exec Gerrie Fourie earns $3.3-million salary at Capitec in 2023
Fourie has effectively held the reins as group CEO and executive director of Capitec Bank Group since his appointment in March 2014.
4 businesses owned by Lewis Hamilton
Hamilton has won seven World Drivers’ Championships, tying with Michael Schumacher, and holds records for the most wins in Formula One,
Bank led by Nigerian tycoon Tony Elumelu, posts $512-million half-year profit
UBA, under the astute guidance of Elumelu, recorded a 437.8-percent surge in its profits in the first half of 2023.
Kenyan banker Gideon Muriuki spends $1.2 million acquiring new Co-op bank shares
Muriuki had once held a two-percent stake in Co-op Bank, but after selling some shares in 2020, his stake had dropped to 1.75 percent.
Kenyan billionaire David Langat donates $1-million school to rural area
Langat envisions the school, dubbed the ACK Dr. David Langat School, as a self-reliant entity.