Algerian-born tycoon Sue Nabi leads Coty toward stable growth and debt reduction
While addressing the audience at CAGNY, CEO Sue Nabi reiterated Coty’s strategic course and commitment to growth.
African Billionaires
Africa’s richest man Aliko Dangote loses $8.7 billion amid Nigeria’s currency woes
This decline is influenced by the recent devaluation of the Nigerian currency — the country’s second devaluation in eight months.
Nigerian tycoon Tony Elumelu launches Heirs Technologies to lead digital transformation in Africa
Heirs Technologies is set to play a pivotal role in shaping Africa’s digital future. The launch signifies a crucial moment in the continent’s technological advancement.
South Africa’s second-richest man Nicky Oppenheimer gains $200 million in 12 days
With his current fortune of $10.5 billion, Oppenheimer claims the 229th spot on the global list of the wealthiest individuals.
South African tycoon Laurie Dippenaar’s FirstRand stake slumps below $340 million
FirstRand’s shares decline by 3.69 percent, market cap dips below the $20-billion mark.
Moroccan real estate mogul Alami Lazraq gains $22.8 million as ADI shares surge
Lazraq’s stake in ADI has experienced a substantial increase of MAD229.92 million ($22.87 million) in the last 25 days, attributed to the rise in the company’s shares.
Egyptian entrepreneur Mohamed Mousa leads startup to $3.2-million seed funding success
The funding secured during the LEAP 2024 conference signifies a crucial step for dKilo in its mission to transform OOH advertising.
Burkina Faso’s richest man launches online car reservation platform in Togo
The newly introduced car reservation platform, operating under the subsidiary Bonkoungou Distribution (BKG), strengthens Bonkoungou’s presence in Togo.
Namibian businessman Sven Thieme guides O&L in acquisition of Dimension Data Namibia
The ambitious acquisition, pending regulatory approvals, represents a milestone for O&L Group, already riding high on Thieme’s success in leading the sale of a 50.01-percent stake in NBL Investment Holdings.
South African tech mogul Zak Calisto gains $41.7 million from Karooooo stake
This rise comes on the heels of a significant setback, where Calisto experienced a $26.41-million loss between Feb. 12 and Feb. 23.
America’s second-richest Black billionaire David Steward gains $300 million in 20 days
Steward’s recent wealth surge underscores his prominence within the technology sector, his investment positions him favorably for continued prosperity in the foreseeable future.
Malawian businessman Hitesh Anadkat loses $6 million from FMB Capital stake
Despite the recent decline in the market value of his stake, Anadkat retains his position as one of the wealthiest investors on the Malawi Stock Exchange.
South African tycoon Gerrie Fourie gains $8.6 million in 65 days
Fourie’s stake in Capitec Bank has risen by R2.16 billion ($8.63 million) over the past 65 days, solidifying his position among South Africa’s top executives.
Egyptian billionaire Hisham Talaat Moustafa faces $727-million loss due to devaluation
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
Nigerian-born British boxer Anthony Joshua secures $50 million in recent Riyadh bout
Beyond the financial rewards of his $50 million purse, Joshua’s victory represents a significant personal and professional triumph.
South Africa’s richest man Johann Rupert’s fortune surges to $14.1 billion
The $600-million recent surge in his fortune is linked to the performance of Rupert’s 9.14-percent stake in Richemont.