Aliko Dangote’s sugar business reports impressive performance as profit surpasses $110 million in 2022
Dangote Sugar Refinery is a leading sugar business.
African Billionaires
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to boost its capital expenditure to $750 million in 2023
Mittal owns an indirect 3.38-percent stake in the telecom giant.
Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.
GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark
GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour.
Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers’ profit dives below $31 million in 2022
Oriental Weavers is a leading carpet manufacturer and distributor.
South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.
Nigerian billionaire Abdul Samad Rabiu’s net worth skyrockets to $8 billion, eyes Africa’s top 3 richest spot
Rabiu is also set to receive a dividend of $198 million.
Tunisian auto mogul Moncef Mzabi’s fortune drops by $8 million as shares in automobile retailer plunge
Mzabi continues to maintain his position as one of the wealthiest investors on the Tunis Stock Exchange.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.
Swazi billionaire Natie Kirsh’s London skyscraper Tower 42 plummets in value by $10 million
Tower 42 is the fifth-tallest tower in London.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Kenyan businessman Paul Ndung’u lists prime Nairobi property for sale
Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
Nigerian energy magnate Bryant Orjiako’s Seplat rakes in $950 million in revenue in 2022
Orjiako and Austin Avuru are both credited with turning Seplat Energy into the largest listed company on the Nigerian Exchange.
Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
10 powerful and influential North African businesswomen you need to know
These women are making a difference in their communities.