South African tycoon Des de Beer’s REIT sells $51-million stake in UK company
Under the leadership of de Beer, Resilient has emerged as a key player in the real estate sector.
African Billionaires
Congolese billionaire Lucien Ebata to raise $580 million in pre-export financing for oil shipments
Ebata, one of Africa’s richest men, is the founder and CEO of Orion Oil and publisher of Forbes Afrique.
Gambian tycoon Mustapha Njie’s TAF spearheading multibillion-dollar housing opportunity in Africa
The African continent stands on the precipice of transformation, with urbanization rates skyrocketing and economies burgeoning.
BET sale: Paramount turns down billionaires Tyler Perry, Diddy
Among the notable figures expressing interest to acquire BET were actor-director Tyler Perry, music mogul Sean “Diddy” Combs, and Byron Allen.
10 African billionaires who own football clubs
From South Africa to Algeria, meet 10 of Africa’s richest football club owners.
Somali tycoon Abdirashid Duale’s Dahabshiil inaugurates $100-million oil terminal
Duale, Dahabshiil Group’s CEO, emphasized the oil terminal’s transformative potential for the Horn of Africa.
Cameroon’s richest man Baba Ahmadou Danpullo brings MTN to its knees
Earlier this year, Danpullo accused First National Bank of orchestrating the misleading seizure and liquidation of his South African properties.
South African tycoon Steve Phiri to earn $2.8 million as Implats finalizes takeover
An additional payment of R7 million ($369,000) for Steve Phiri and R5 million ($263,300) for Neil Carr will also be made over the next year.
5 companies owned by Botswana businessman Ramachandran Ottapathu
Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
5 companies linked to South African tycoon Mohammed Akoojee
The 2022 acquisition of Imperial Logistics by DP World, guided by Akoojee, underscored his role in driving organizations to unparalleled success.
Bob van Dijk, CEO of Africa’s biggest company, suffers $6-million loss in August
Van Dijk, who has been CEO of Naspers since 2014, owns a 0.24-percent stake in the South African conglomerate.
Dangote’s net worth surges to $11 billion, overtaking South African billionaire Johann Rupert
With his net worth presently standing at $11 billion, the disparity in wealth between Dangote and Rupert becomes evident.
Nigerian banker Herbert Wigwe suffers $9-million loss from stake in Access Holdings
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
German court initiates extradition process for disgraced South African billionaire Markus Jooste
However, the intricate diplomatic process required for Jooste’s extradition remains uncertain.
Egyptian businessman Hani Berzi gains $55 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Kenyan multimillionaire industrialist Narendra Raval plans 60 MW wind farm
The decision to establish the wind power plant, a strategic maneuver to cut operating costs, follows an earlier revelation.