Egypt’s richest man Nassef Sawiris loses $130 million
In addition to his investments in OCI N.V., Sawiris holds a six-percent stake in the renowned sportswear giant, Adidas AG.
Billionaires Africa
Bill Gates’ foundation invests $30 million to advance AI in Africa
Gates’ net worth currently stands at a staggering $124 billion. This immense wealth secures his position as the fifth-richest man in the world.
Nigerian insurance tycoon Wole Oshin gains $1.3 million from Custodian stake
Due to these recent gains, Oshin has solidified his position as one of the wealthiest investors on the Nigerian Exchange.
Morocco’s second-richest man Othman Benjelloun gains $117 million from BOA stake
Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.
South African billionaire Patrice Motsepe’s TymeBank hits 8 million customers
Motsepe boasts a net worth of $2.2 billion, making him the richest Black billionaire in Southern Africa.
4 companies owned by America’s second-richest Black man David Steward
Steward’s story is one of entrepreneurial triumph, resilience, and unwavering dedication to business excellence and community betterment.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, launches payment unit
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
South African executive Mike Schmidt earns $4.5-million salary at ARM in 2022
Schmidt was CEO and executive director at ARM from 2011 to 2023. During his tenure, he led ARM to impressive financial milestones.
5 businesses owned by Mary J. Blige
Blige owns a television production outfit, perfume brand and record label among other ventures.
5 organizations linked to Kgalema Motlanthe, South Africa’s third president
Motlanthe’s influence extends to several organizations, and here are five prominent ones where he holds substantial ownership or influential board positions.
South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
6 companies owned by Idris Elba
Elba’s business ventures range from wine and music to movies and fashion.
Somali mogul Ismail Ahmed challenges British firm’s money printing contract in Somaliland
Ahmed is the co-founder of Zepz, a conglomerate housing globally acclaimed payment giants WorldRemit and Sendwave.
Aga Khan IV takes $2.5-million hit from stake in Nairobi-based insurer Jubilee
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.