South African-born tycoon Barry Stuhler takes $2.9-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, or 172,699,222 ordinary shares.
Billionaires Africa
5 companies owned by Kenyan multimillionaire Narendra Raval
Billionaires.Africa has identified five companies owned by Raval.
Firm linked to Egypt’s billionaire El-Sewedy family secures $50-million EBRD loan
The $50-million loan from EBRD will further enhance Elsewedy Electric’s ability to meet the growing demand for cables and electrical equipment in the region.
Moroccan real estate tycoon Alami Lazraq’s ADI stake slumps by $12 million
Despite the recent decline in his stake in ADI, Lazraq remains one of the Casablanca bourse’s richest investors and one of Morocco’s wealthiest businessmen.
5 companies owned by America’s fourth-richest Black woman Janice Bryant Howroyd
As the fourth-wealthiest Black woman in America, Howroyd boasts a $600-million net worth.
South African banker Alan Pullinger suffers $1.8-million loss from FirstRand stake
Pullinger owns a minority stake of approximately 0.1 percent, or 5,634,679 ordinary shares in FirstRand.
Adidas displays financial strength amid Kanye West’s Yeezy influence
Adidas held over $1 billion worth of unsold Yeezy inventory in May.
John Legend’s first tech venture raises $5 million in funding
“It’s Good,” launched by Legend and tech entrepreneur Mike Rosenthal, is a social app designed to offer personalized food and travel recommendations.
African hoteliers at the helm as Dubai-based luxury travel firm expands into Kenya
Miftah Concierge is a Dubai-based luxury travel service provider co-founded and led by African hoteliers Oscar Kato and Pascaline Nkwe.
Kenyan tycoon Chris Kirubi’s heirs gain $1.3 million from stake in Centum
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
First Black woman to lead a listed REIT, Leslie Hale earns $8.4 million from RLJ trust
Apart from her executive and governance roles, Hale owns a 0.94-percent minority stake in the leading real estate investment trust company.
7 businesses owned by T.I.
Atlanta rapper T.I has a presence in sectors such as nightlife, food service, and construction, not to mention his foundational record label, Grand Hustle.
Firm led by America’s richest Black billionaire acquires stake in London-based tech firm
Vista Equity Partners, founded in 2000 by Smith, has rapidly emerged as a dominant force in the technology sector.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm slumps by $78 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.
5 companies owned by Cathy Hughes, first Black woman to lead a publicly traded company
Billionaires.Africa has observed Hughes’ impact on five companies, showcasing her exceptional business prowess and her role as a trailblazer in the corporate world.