Oriental Weavers, controlled by wealthy Khamis family of Egypt, records $137.7 million in H1 revenue
Egyptian businesswoman Yasmine Mohamed Khamis and her siblings own a controlling interest of 56.58 percent of the leading carpet manufacturer.
African Billionaires
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man.
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Hip-hop mogul Rick Ross buys extravagant $35-million Miami mansion
Ross, a native of Miami, amassed his fortune through his successful music career and his adeptness as a record executive.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
South African mining billionaire Brian Menell secures $200-million funding
Menell, founder of Techmet, is a scion of the Menell family who founded and controlled the Anglovaal Group.
Led by South Africa’s wealthy Ravazzotti family, Italtile faces tough times
Ravazzotti, the founder of Italtile, holds a 33.88-percent stake in Italtile, presently valued at $287.1 million.
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
South Africa’s richest man Johann Rupert set to reap $233-million dividend in September
Rupert, who serves as Richemont’s chairman, holds a significant interest in the company through Compagnie Financiere Rupert.
South African billionaire Christo Wiese’s stake in Shoprite jumps by $100 million
Wiese, a South African billionaire who played an instrumental role in Shoprite’s growth, owns 11.63 percent of the company.
Tunisian tycoon Moncef Mzabi gains $6.6 million from stake in automobile retailer
Mzabi, now the chairman of the Tunisian automobile retailer, owns 24.5 percent of the company, or 9,370,387 ordinary shares.
South African tycoon Adrian Gore loses $13.6 million as Discovery shares slump
Gore, who founded Discovery in 1992 and ranks as one of South Africa’s richest businessmen, owns a 7.48-percent stake in the Sandton-based insurance giant.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
10 top investments of Flutterwave billionaire Olugbenga Agboola
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
7 companies owned by Ugandan multimillionaire Ham Kiggundu
Kiggundu presides over the Ham Group which owns landmark shopping centers, office buildings, and hotels.
South African billionaire Koos Bekker’s net worth dips by $100 million
Despite these setbacks, Bekker remains one of the most affluent billionaires in Africa, boasting a net worth of $2.4 billion.