Moroccan tycoon Lamia Tazi loses $2.8 million from Sothema stake
Lamia Tazi, the CEO and chairperson of Sothema and one of the most affluent investors on the Casablanca Stock Exchange, holds an 8.4-percent stake in the healthcare company
Billionaires Africa
How Junior Bridgeman built his $600-million business empire after retiring from the NBA
Bridgeman turns $350,000 NBA earnings into a staggering $600-million net worth.
Billionairе David Stеward’s succеss journey
David Stеward’s journey to billionairе status is nothing short of rеmarkablе. Rising from the challenging environment of thе segregated South, Steward’s story…
Kenyan banker James Mwangi says Equity Group’s DRC unit will soon overtake Kenya
Mwangi credited the growing influence of Equity Group’s subsidiaries, especially the DRC unit, for the overall performance of the group in the first nine months of 2023.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.
Jason Quinn: First person ever to serve as CEO of two ‘Big Four Banks’ in South Africa
Given Quinn’s performance at Absa Group, he emerged as the ideal candidate to succeed Mike Brown at Nedbank Group.
South African tycoon Jens Montanana loses $5 million from Datatec stake
Under Jens Montanana’s leadership, Datatec has expanded to more than 50 countries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.
Kenya’s Merali family suffers almost $4-million loss from Sasini Tea stake
Boasting a majority 65.46-percent stake in the company, the Merali family has long been regarded as one of the wealthiest families in Kenya.
Egyptian mogul Hassan Allam’s Thales forges alliance for digital advancement in the Middle East
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
One of Malawi’s richest men, Thom Mpinganjira loses $13 million in 83 days
Mpinganjira, founder of the FDH Bank, owns a 40.7-percent indirect stake in the Blantyre-based lender.
How Michael Jordan became the wealthiest athlete ever with $3-billion Charlotte Hornets sale
Michael Jordan’s Hornets sale redefines the intersection of sports and financial success.
Nigerian billionaire Femi Otedola sells 1 million shares in Geregu Power
Femi Otedola executed a cross deal on the Nigerian Exchange via his company, Amperion Power Distribution Company Limited.
Africa’s first Black billionaire Patrice Motsepe hit by $100-million loss in 8 days
Motsepe became the continent’s first Black billionaire in 2008 thanks to a fortune amassed in the mining industry through ARM.
Cameroonian entrepreneur Jean Lobe Lobe leads startup to raise $2.5 million
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem and make health services and information available.
Nedbank welcomes South African banker Jason Quinn as chief executive
Quinn joins Nedbank from Absa Group, where he served as the financial director of both Absa Group and Absa Bank.
Moroccan PM Aziz Akhannouch suffers $30-million loss from Afriquia Gaz stake
Akhannouch indirectly owns shares in Afriquia Gaz SA and Maghreb Oxygene through the multibillion-dollar conglomerate Akwa Group.