Pick ‘n Pay, led by South African Ackerman family, registers $64 million in profit in 2023
The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
African Billionaires
Strive Masiyiwa rejoins exclusive club of billionaires with $2-billion net worth
Masiyiwa’s billion-dollar fortune is partly derived from his ownership of a 52.85-percent stake in Econet Zimbabwe.
The 4 highest paid Black athletes in the world
These are the four highest paid Black athletes in the world.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Moniepoint, led by Tosin Eniolorunda hits $43-billion transaction milestone in Q1 2023
Moniepoint Inc. is an innovative financial software company.
LeBron James among highest-paid athletes with $119-million income
Earlier this year, LeBron James’ net worth surged by $150 million, propelling the NBA superstar back to the exclusive billionaire club
Jim Ovia’s Zenith Bank surpasses expectations with $143 million in profit in Q1 2023
Ovia is a major shareholder in Zenith Bank, holding a substantial 16.2-percent stake, or 5,072,104,311 ordinary shares.
Ethiopian billionaire Mohammed Al-Amoudi rakes in $160 million
Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
Herbert Wigwe’s Access Holdings to shake up Europe with launch of French unit
Access Holdings is a pan-African financial services conglomerate.
Theophilus Yakubu Danjuma donates 500-capacity hostel to Nigerian university
Danjuma is the founder of South Atlantic Petroleum, an oil and gas exploration and production company.
Contacting African Family Offices, VCs, and Fundraising 101
Mutendi offers tips and ideas on how VC funds can approach family offices.
Aliko Dangote Foundation promises support for stranded Nigerians in Sudan
In recent years, the Aliko Dangote Foundation has emerged as a prominent humanitarian force not only in Nigeria but across Africa.
Moroccan businesswoman Lamia Tazi loses nearly $11 million in 2 months
Tazi is one of the most affluent investors on the Casablanca Stock Exchange.
Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Herbert Wigwe splashes $24.6 million to boost stake in Access Holdings
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Nigerian media mogul Nduka Obaigbena donates $2.2 million to University
Obaigbena is the highly influential founder of THISDAY newspapers and ARISE News Channel.