Dubai Future Foundation collaborates with Johann Rupert’s Richemont to create new luxury retail solutions
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
African Billionaires
Kenyan tycoon Jimnah Mbaru loses over $1.35 million in 95 days as Britam shares fall 10 percent
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Algeria’s richest man Issad Rebrab moves to shut down French-speaking press company, Liberte
Rebrab is the founder and owner of Cevital, the country’s leading private group.
Nigerian serial founder Sim Shagaya’s Konga signs deal with Airtel to expand digital retail in Nigeria
Konga was founded in 2012 by Shagaya, a 45-year-old Nigerian technopreneur and serial investor.
Swazi billionaire Natie Kirsh is now richer than U.S. billionaires David Sun, John Tu
Kirsh’s net worth has risen by $215 million since the start of the year, from $8.27 billion to $8.49 billion.
South African businessman Johan Burger gains $7.55 million, as FirstRand shares surge by 26 percent
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Egyptian tycoon Hani Berzi’s Edita Food Industries launches first overseas production facility in Morocco
The new facility will be run by Edita’s Moroccan subsidiary, Edita Food Industries Morocco.
Egyptian billionaire Yasseen Mansour’s Palm Hills to reward shareholders with $16.7-million dividend
Mansour will receive a total payout of $835,000 from the dividend distribution.
Family office locations, does Africa have potential?
In recent years, the global wealth sector has seen an upward trend in family offices.
Billionaire Royal Family of Morocco loses $270 million from stake in Attijariwafa Bank
The Alaouite Royal Family owns a 45.3-percent stake in Attijariwafa Bank.
Namibia’s richest investor Quinton van Rooyen loses $24 million from stake in Trustco Group
His net worth increased by $29 million in the first week of 2022.
Nicky Oppenheimer unseats PayPal Co-Founder Peter Thiel, after making $600 million in 93 days
Despite the global impact of the Russia-Ukraine crisis, the South African’s wealth has risen from $7.95 billion to $8.55 billion.
Malawian tycoon Hitesh Anadkat eyes $500K in Letshego dividends in May
Anadkat also owns stakes in Malawi’s first telecom company, Telekom Networks Malawi, and its first bank.
South Africa’s richest man Johann Rupert loses $1 billion in Q1 2022
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
Nigerian gambling magnate Kessington Adebutu, daughter to pocket $2.4 million in Wema Bank dividends
Kessington Adebutu is the founder and CEO of Premier Lotto Limited, Nigeria’s oldest and largest gaming company.
One of Kenya’s richest investors, James Mwangi, loses $4 million from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.