Namibian tycoon Quinton van Rooyen loses nearly $10 million in just nine days
Quinton van Rooyen, who owns a 63.94 percent stake in Trustco Group, is regarded as one of Namibia’s wealthiest individuals.
Billionaires Africa
Nigerian billionaire Femi Otedola makes $8.6 million from First Bank investment
Otedola’s recent gains in FBN Holdings and Geregu Power further solidify his status as one of Africa’s wealthiest individuals.
Led by pan-African billionaire Benedict Peters, Aiteo launches new premium crude oil grade to global market
The new premium crude oil grade was unveiled at the ongoing Argus European Crude Conference.
Egyptian businessman Medhat Khalil’s Raya Holding to secure $35.5-million loan
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
30 richest South Africans on the JSE
Africa’s first Black billionaire, Patrice Motsepe, retains top spot as the richest investor on the Johannesburg Stock Exchange
Black executive Christopher Womack receives $5.7-million compensation in 2022
Christopher Womack, CEO of Southern Company, is part of elite Black executives shaping America’s corporate landscape
4 luxurious mansions owned by Michael Jordan
Michael Jordan’s property portfolio serves as both a symbol of his incredible success and a testament to his discerning taste and penchant for the extraordinary.
Tony Elumelu’s UBA promises backing for Nigerian and African small business owners
Elumelu, who owns a 7.39-percent stake in UBA, is not only one of the wealthiest investors on the Nigerian Exchange but also one of Nigeria’s most affluent individuals.
South African billionaire Adrian Gore calls for private sector role in NHI for better healthcare
In a forthright address delivered during PSG Wealth’s Think Big webinar, Adrian Gore, the founder and CEO of Discovery Limited, emphasized the…
7 richest people on the Uganda Securities Exchange
Here are the seven individuals who currently hold the most valuable portfolios on the Uganda Securities Exchange:
Dangote to receive $2.07-million interim dividend from salt-processing business
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
First Black female Fortune 500 CEO’s Uber investment skyrockets amid market rally
As of the time of this report, Ursula Burns holds a 0.0077-percent stake in Uber Technologies, which amounts to 155,540 shares.
Black executive Thasunda Brown Duckett receives $17.5-million compensation in 2022
Thasunda Brown Duckett is one of the world’s leading Black executives and the fourth Black woman to lead a Fortune 500 company
South Africa’s richest man Johann Rupert gains $900 million in 8 days
With this latest increase in his net worth, Johann Rupert has solidified his status as South Africa’s richest individual
Egyptian tycoon Hani Berzi’s group reports nine-month profit exceeding $40 million
Edita Food Industries’ profit under Hani Berzi surged well beyond expectations, reaching over $40 million.
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit