Kenyan tycoon James Mwangi’s gains $1.2 million from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Billionaires Africa
Greek tycoon John Coumantaros’ Flour Mills to reward shareholders with $12-million dividend
Coumantaros owns a controlling 63.34 percent stake in Flour Mills of Nigeria through Excelsior Shipping Company.
Wale Tinubu’s Oando partners with U.S. firm to boost renewable power in Nigeria
Wale Tinubu, a top figure in the Nigerian energy sector, owns an indirect stake in Oando Plc through his 66.67 percent stake in OODP.
South African entrepreneur Paul Saad-led brand extends reach with new Cape Town store
Futurelife was founded in 2007 by Saad, the brother of South African billionaire Stephen Saad, who serves as the CEO of Aspen Pharmacare Holdings.
Top Black CEO Marvin Ellison suffers $8.1-million loss from investment in Lowe’s
Ellison is recognized as one of the world’s highest-ranking Black CEOs on the Fortune 500 list.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.3 million from Poulina stake
Ben Ayed owns a 3.4-percent stake in Poulina Group, making him one of the richest investors on the Tunis Stock Exchange.
Greek tycoon John Coumantaros’ Flour Mills pays $842 million to Nigerian suppliers
Coumantaros, a Greek business magnate, is one of the wealthiest industrialists on the Nigerian Exchange, owning a 63.34-percent stake in Flour Mills of Nigeria.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
5 companies owned by Nelly
Billionaires.Africa turns the spotlight on five companies directly owned by Nelly, revealing the vast empire that bolsters his net worth.
Egyptian businessman Hani Berzi’s Edita to pay out $9.7 million in dividends
Berzi owns a significant stake of 41.95 percent in Edita Food Industries through Quantum Invest BV.
Billionaire Royal Family of Morocco gains $242 million from Attijariwafa Bank
Through Al Mada, his royal family office, King Mohammed VI of Morocco lays claim to the largest fortune by any Moroccan on the Casablanca Stock Exchange.
Egypt’s second-richest man Naguib Sawiris targets $7-billion Reko Diq mine
With a net worth of $5.61 billion, Sawiris ranks as Egypt’s second-richest individual.
Patrice Motsepe and Johann Rupert unite to elevate Boland Rugby’s prospects
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
4 businesses owned by Ludacris
Champaign, Illinois-born rapper Ludacris owns a record label, a highly-rated restaurant, and a cognac brand among other things.
Beyonce earned $145 million from Renaissance Tour during the Summer — Forbes
Beyonce smiled to the bank as her Renaissance Tour grossed $460 million during the summer, and earned her $145 million.
5 companies linked to South African businessman Nkululeko Sowazi
With his extensive knowledge and strong leadership, Sowazi has solidified his position as a prominent figure in the business world.