South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
African Billionaires
More than 100 millionaires call for wealth tax to combat inequality
Oxfam revealed earlier this week that three of Nigeria’s richest men are worth more than 83 million Nigerians.
Dr. Dre sells Calabasas mansion for $6 million
The home boasts six bedrooms and seven baths.
Kenya’s richest families own more wealth than 22 million Kenyans combined
Kenya’s wealth gap is staggering.
Aliko Dangote is set to become Africa’s first $30-billion man
Dangote is the founder of Dangote Group.
Egyptian businessman Hassan Allam leads cooperation effort to boost investment in Africa
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
19 days into 2023, South Africa’s richest billionaire already $1.2-billion richer
The $1-2 billion increase cements his position as South Africa’s richest billionaire.
Egyptian entrepreneur Ashraf Sabry’s Fawry secures $1.67-million capital increase approval
Sabry controls 2.3 percent of the fintech company.
Johann Rupert’s Richemont surpasses $16 billion in sales in 9M 2023
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Aliko Dangote’s group launches recruitment exercise for upcoming refinery – learn how to apply
To support the well-being of its prospective candidates, Dangote Group has established temporary housing for 20,000 employees.
Herbert Wigwe’s Access Holdings targets 100 million customers in ambitious expansion plan
The group also plans to expand its presence in Europe by opening a new unit in France.
Cameroonian businessman accuses South African bank of misleading justice in $235-million property seizure
Danpullo is the founder of Baba Ahmadou Group.
Meet two Tunisian entrepreneurs set to make millions in $390-million AI-firm sale
They will also be eligible for performance-based future milestones.
Ahmed El-Sewedy-led Elsewedy Electric wins $176.10 million Saudi solar power contract
The El-Sewedy family owns 68 percent of Elsewedy Electric.
Nigerian businessman Tony Elumelu reaps $2.36 million in gains from UBA share-price increase
Elumelu owns a significant 6.9-percent stake in UBA.
Kenyan multimillionaire Humphrey Kariuki faces legal battle over prime land in Nairobi
Kariuki is a leading Kenyan multimillionaire businessman.