South African tycoon Sipho Nkosi steps down from Sasol
Nkosi, a stalwart in South Africa’s business arena, has left an indelible mark on the corporate landscape, having held pivotal roles on the boards of companies.
Billionaires Africa
South African billionaire Johann Rupert’s Richemont posts $2.3-billion half-year profit
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
America’s second-richest Black man David Steward loses $380 million in 8 days
The recent slump in Steward’s net worth is attributed to his substantial 59-percent stake in World Wide Technology.
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.
Femi Otedola cements position among Africa’s richest as portfolio exceeds $1.2 billion
With a diverse portfolio and impactful investment strategy, Otedola has become the third-richest investor on the Nigerian Exchange.
Sean ‘Diddy’ Combs: Architect of a multimillion-dollar legacy
Sean “Diddy” Combs, an emblem of success and a titan in the entertainment industry, has carved a niche for himself as a…
Black executive Rene F. Jones earns $9.4-million salary from M&T Bank in 2022
Jones stepped into the CEO in December 2017 role after a stint as Chief Financial Officer from 2005 to 2016, where he skillfully handled the lender’s financial affairs.
Dangote’s refinery secures license to process 300,000 barrels of Nigerian crude daily
At a Saudi-Nigeria business roundtable in Riyadh, Dangote emphasized the refinery’s commitment to initiating operations with Nigerian crude.
Moroccan real estate tycoon Alami Lazraq loses $10 million from ADI stake
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
South African banker Alan Pullinger gains $1 million from FirstRand stake
Pullinger, a leading business executive in South Africa holds a minority stake of approximately 0.1 percent in FirstRand.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth soars by $2.83 billion
Ethiopian business mogul Mohammed Al-Amoudi claims the 268th spot among world’s richest billionaire.
Abdul Samad Rabiu overtakes Dangote as richest investor in Nigeria’s stock market
Rabiu’s portfolio includes a 99.8-percent stake in BUA Foods, the crown jewel of his holdings, valued at N3.64 trillion ($4.54 billion).
Nigerian banker invests $500 million in new Lagos university
To ensure international standards, Wigwe aims to recruit 30 percent of teaching staff from the United States and the UK.
15 richest people on the Botswana Stock Exchange
Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
Kenyan top executive James Ndegwa loses $2.4 million from NCBA Group stake
Ndegwa, the former chairman of the Capital Markets Authority is a top figure in the Kenyan business scene.
7 richest Tanzanians on the Dar es Salaam Stock Exchange
Here are seven individuals who possess the highest stock ownership positions on the Dar es Salaam Stock Exchange.