South African tycoon Zak Calisto’s Karooooo posts impressive $9-million profit in Q1
Under Calisto’s leadership, Karooooo Limited has become a leading provider of intelligent transportation management and analytics.
African Billionaires
Nigerian tycoon Wole Oshin loses $1.2 million in one week from stake in Custodian Investment
As the company’s largest shareholder, Oshin holds a 26.81-percent stake in Custodian Investment.
Moroccan pharma tycoon Lamia Tazi loses more than $15 million from stake in Sothema
Tazi holds a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Logistics company linked to Zambian tycoon Valentine Chitalu buys UK logistics firm Amco for $39.2 million
Chaired by Chitalu, Super Group’s strategic focus revolves around selective acquisitions in its core supply chain, fleet solutions, and dealerships businesses.
SpaceX, led by world’s richest man Elon Musk, launches satellite Internet service in Kenya
Starlink officially launched in Africa in 2022, with Musk claiming that the satellite Internet service provider will operate anywhere on Earth where it is legally permitted.
5 companies owned by Eswatini’s richest man, Natie Kirsh
Kirsh’s wealth is derived from a diverse investment portfolio spanning the retail and real estate sectors.
Top Black CEO Marvin Ellison rakes in almost $7 million from Lowe’s shares
Ellison’s minority 0.038-percent stake in Lowe’s translates to a total of 224,800 shares.
Meet Calvin Butler, Jr., one of the newest Black executives leading America’s biggest companies
As corporate America embraces change and inclusivity, Calvin Butler, Jr. stands at the forefront, leading with purpose and vision.
Wealthy Tunisian Ben Yedder family loses more than $5 million in 64 days
Despite the recent $5.44-million decline, the Ben Yedder family continues to stand as one of Tunisia’s most affluent families.
ArcelorMittal plunge wipes out $5.7 million from wealth of South African tycoon Noluthando Gosa
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
Egypt Kuwait Holding, led by Egyptian businessman Sherif El-Zayat, launches $45 million factory
Sherif El-Zayat, the managing director of Egypt Kuwait Holding, revealed that the sulfuric acid factory is projected to achieve an annual production capacity of 165,000 tonnes.
South African businessman Adrian Gore gains nearly $50 million in 48 days
The recent surge in Gore’s wealth can be attributed to the renewed interest from investors on the Johannesburg Stock Exchange.
Africa’s richest man Johann Rupert loses $800-million fortune as Richemont shares slump
The substantial $800-million loss in Rupert’s wealth can be directly attributed to the recent decrease in the market value of his 9.14-percent stake in Richemont.
Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals
Through the dedication of Jay-Z and Gloria Carter, the foundation’s legacy shines as a beacon of hope and opportunity for countless young minds.
Aga Khan IV’s stake in Nairobi-based media group NMG skyrockets by $2.8 million
The bump in the market value of Aga Khan IV’s stake in NMG reflects investors’ growing confidence and interest in the Kenyan equity market.
7 companies owned by Africa’s first Black billionaire, Patrice Motsepe
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.