Black executive Lanesha Minnix earns $5-million salary from Ecolab
Minnix, Ecolab’s EVP, earns $4.95-million compensation package in 2022.
Billionaires Africa
Billionaire Benedict Peters secures stake in Mozambique’s largest onshore gas block
Aiteo, Africa’s leading oil independent, which is owned by Peters, is now operator of the prolific Mazenga gas block in Mozambique.
Court dismisses Nigerian energy magnate ABC Orjiako’s $101-million bankruptcy claims
The adjournment to Jan. 22, 2024, sets the stage for further legal developments in this high-profile case.
South African billionaire Koos Bekker loses $67 million in 41 days
Bekker’s stake in Naspers valued at $315.8 million on Nov. 15, have declined to $248.86 million at the time of writing.
Kenyan tycoon Andrew Ndegwa gains $2.2 million in 40 days
Ndegwa holds a sizable 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Congolese businessman Paul Obambi to invest $74 million in Douala Port project
Obambi’s Sapro Group operates across 11 countries on three continents in multiple sectors.
Scottish-born Nigerian exec John Agwunobi earns $8.2-million salary from Herbalife
Agwunobi’s 2022 compensation package reflects a significant 16.89-percent jump from the previous year’s $6.9-million total.
Firm led by Egyptian billionaire Yasseen Mansour closes $13.7-million securitized bond
Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
Egyptian tycoon Hani Berzi’s group to inject $32.5 million for production capacity boost
The decision to allocate $32.5 million toward capacity expansion follows the group’s successful finalization of a finance agreement with the IFC.
South African executive Anthony Leeming guides Sun International into new era
Under Leeming, Sun International has seen a remarkable increase in its share price, with its market cap. exceeding $570 million.
Black executive Aaron Powell earns $4.7-million salary from Yum! Brands in 2022
Powell received a long-term incentive award amounting to $1.58 million from the Louisville-based leading fast-food restaurant company.
5 companies owned by South African media magnate Terrence Moolman
His astounding rise from an entry-level position to a key figure in the media tells a story of resilience, determination, and commitment.
Meet South African tycoon Siza Mzimela: The first Black woman to start an airline
Mzimela’s audacious step into entrepreneurship came in 2015 when she founded Fly Blue Crane.
Nigerian billionaire Arthur Eze receives two-year oil exploration license extension in Uganda
Prince Arthur Eze founded oil exploration and production company, Atlas Oranto, in 1991, and built it into one of Africa’s largest independents.
Coco Gauff secures third spot on Forbes list with $21.7 million in earnings in 2023
Young tennis superstar secures third spot on Forbes’ list of highest-paid female athletes.
Black executive Denise Singleton earns $5.9-million salary from WestRock in 2022
She also received a long-term incentive of $4.86 million.