Egyptian banker Karim Awad drives EFG Hermes to success: Q1 profits exceed $30 million
The group’s impressive financial performance underscores its position as a leading financial institution in the region.
African Billionaires
Jit Bhattacharya’s BasiGo to roll out 16 EV charging stations in Nairobi
The announcement was made during the launch of the firm’s first-ever public charging station in Nairobi.
Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder
The Ndegwa family has strengthens its position in NCBA Group.
Tyler Perry faces off against 50 Cent, Shaq, Diddy in battle for $3-billion BET business
Perry expands involvement in BET acquisition amidst speculation of collaborations with prominent figures.
South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
Greek multimillionaire John Coumantaros makes $8.94 million in profit in 37 days from Flour Mills stake
Coumantaros holds a 63.34-percent stake in Flour Mills.
American-Nigerian mogul Sam Darwish’s IHS misses expectations with Q1 profit of $7.6 million
IHS Holding ranks as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man
Akbaraly’s journey from humble beginnings to global empowerment.
U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Egyptian magnate Abdallah Sallam’s MNHD rakes in nearly $10 million in profit in Q1 2023
Sallam owns a five-percent stake in MNHD.
10 companies owned by Uganda’s richest man Sudhir Ruparelia
These are 10 companies owned by Uganda’s richest man.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Isabel dos Santos dragged into $400-million London lawsuit
Isabel dos Santos’ company, Unitel International Holdings, is being sued over its non-repayment of loans that totaled more than $400 million.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor
While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.