Morocco’s second-richest man Othman Benjelloun loses $59 million from BOA stake
According to recent stock market data, Benjelloun owns a significant 27.41-percent stake in the Bank of Africa.
Billionaires Africa
Egyptian billionaire Youssef Mansour gains $200 million in 3 days
The recent uptick in Youssef Mansour’s fortune can be attributed to the robust performance of his diversified portfolio of investments.
Billionaire Theophilus Danjuma donates $1.36-million to Nigerian university
The $1.36-million donation, through the T.Y. Danjuma Foundation, is the largest donation by an individual for the construction of a student hostel in Nigeria.
NCBFG’s remarkable recovery: Lee-Chin leads financial giant to dividend triumph post-pandemic
NCB Financial Group Limited (NCBFG), the largest financial institution in Jamaica and the Caribbean, has announced that it will pay a dividend…
Nigerian businessman Tony Elumelu and wife acquire 23 million new shares in UBA
The move by Elumelu and his wife is viewed as a vote of confidence in UBA’s financial performance.
How Michael Jordan’s iconic sneaker brand wins sneaker of the year title
The Jordan brand dominates the sneaker industry with groundbreaking designs and partnerships.
South African billionaire Christo Wiese $100-million poorer as Shoprite shares slump
Despite recent setbacks, Wiese remains a leading figure in the African business scene.
South African-born tycoon Barry Stuhler gains $6.9-million from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
Lewis Hamilton speaks out on challenges in F1, discusses ventures beyond racetrack
In a recent interview with CNBC, the seven-time world champion detailed the problems of balancing racing and personal life.
South African banker David Munro earns $1.6 million from Standard Bank in 2022
Munro’s 2022 compensation package includes a base salary of $0.5 million and a performance-based short-term incentive of $0.49 million.
7 companies owned by Nigerian gambling magnate Kessington Adebutu
With interests in Premier Lotto, Wema Bank, and beyond, Adebutu’s businesses have solidified his position as a key player in Nigeria’s economic evolution.
Nigerian tycoon Fidelis Ayebae gains $1.1 million from Fidson stake
Ayebae, a banker turned accomplished industrialist, owns a 33.1-percent stake in the pharmaceutical company, which translates to 759,643,749 ordinary shares.
Egypt anticipates new billionaire as Hisham Talaat Moustafa’s TMG stake surges to $717 million
Hisham Talaat Moustafa is one of the wealthiest people in the entire North African region, thanks to his 43.16 percent stake in TMG Holdings
Tunisian tycoon Moncef Sellami suffers $2.5-million loss from OneTech shares
OneTech’s remarkable growth over the years owes much to the visionary leadership of Sellami, who established the firm in 1978.
7 companies owned by South African billionaire Jannie Mouton
Mouton’s strategic investments and visionary entrepreneurship as a co-founder of Capitec Bank have had a profound effect on the South African economy.
Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
ASR Africa focuses on delivering enduring impact in health, education, and social development across the African continent.