Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
African Billionaires
Nigerian media mogul Raymond Dokpesi passes away at 71
Dokpesi made significant contributions to Nigeria’s media landscape, particularly with the establishment of RayPower FM.
South African banker Alan Pullinger hit by $2.2 million in losses amid FirstRand share decline
Pullinger takes a hit with losses exceeding $2 million amid FirstRand’s share decline.
America’s second-richest Black billionaire David Steward faces $900-million loss in 98 days
Steward’s net worth stands at about $5.27 billion, placing him at the 476th position among the richest individuals worldwide.
Patrick Bitature’s Simba Telecom unveils new tech products, powering Uganda’s digital revolution
Simba Telecom is a Kampala-based telecom enterprise.
Kenyan business mogul Peter Munga loses $1 million as Britam’s share price plummets
Munga holds a substantial 72 million shares in Britam Holdings.
Kenyan steel tycoon Narendra Raval invests $1.9 million in wind farm project in Kenya
Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.
Egyptian tycoon Hisham Talaat Moustafa’s TMG shines with Q1 2023 profit exceeding $20 million
Moustafa, who owns a 43.16-percent stake in TMG Holding, is recognized as one of the richest investors on the Egyptian Exchange.
Led by Egyptian Ghabbour family, GB Corp’s Q1 2023 profits slump below $3.5 million
The Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their position as one of the wealthiest families in Egypt.
7 pharma multimillionaires in Africa you should know
Meet seven African entrepreneurs who founded pharma companies worth at least $50 million.
Algeria’s richest man Issad Rebrab banned from engaging in any business or management activity
Rebrab, former CEO of Cevital Group, was placed on May 18 under judicial control by the public prosecutor at the Sidi M’Hamed court.
Nigerian billionaire Femi Otedola pays tribute to legendary banker Subomi Balogun
Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.
Bank linked to Tanzanian billionaire brothers eyes expansion into three African countries
The Rajabali brothers, considered two of Tanzania’s richest individuals, own a combined 2.6-percent stake in CRDB Bank.
Meet Joseph Rutakangwa, Tanzanian entrepreneur revolutionizing market intelligence in Africa
Rutakangwa’s entrepreneurial journey and the success of Rwazi highlight the transformative power of technology.
Kanye West faces $2-million lawsuit as Gap takes legal action
Gap’s lawsuit against West and his Yeezy brand focuses on unapproved alterations made to a rental property in Los Angeles.
Kenyan tycoon Narendra Raval’s Devki Group to build cement plant
Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.