South African tycoon Jannie Mouton suffers $3.7 million loss from Capitec stake
Jannie Mouton is renowned for Co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in Capitec Bank
Billionaires Africa
Nigerian businessman Tony Elumelu loses $3.2 million in 11 days from UBA stake
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
Bank led by Kenyan tycoon Gideon Muriuki recoups $1.56-million loan from Centum unit
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.
Rob Hersov: South African billionaire transforming Cape Winelands Airport
In 2021, Hersov acquired the former Fisantekraal airstrip and unveiled his vision to transform it into a vibrant airport and secondary hub for Cape Town.
15 inspirational quotes from Nigerian billionaire Femi Otedola
Otedola is not just one of Africa’s wealthiest individuals; he is a symbol of hope and inspiration.
Mauritian tycoon Hector Espitalier-Noel gains $1.9 million from stake in ENL
Espitalier-Noel owns a 9.92-percent stake in ENL Limited.
America’s second-richest Black man David Steward gains $2.74 billion in two months
Steward is now ranked as the 259th richest person in the world, according to the Bloomberg Billionaires Index.
Coco Gauff takes home over $5 million in earnings from 2023 U.S. Open
With her recent earnings, Gauff not only stands as the face of women’s tennis but also solidifies her status as one of the world’s highest-earning athletes.
Egyptian tycoon Hisham Talaat Moustafa unveils $10.7-billion smart city project in Riyadh
Hisham Talaat Moustafa stressed TMG’s eagerness to share its expertise in creating integrated urban projects with Saudi Arabia.
Zimbabwean tycoon John Moxon gains nearly $13 million in 32 days
Moxon ranks as one of the richest investors on the Zimbabwe Stock Exchange.
Bank led by Nigeria’s richest banker, Jim Ovia, posts $370-million half-year profit
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
Africa’s doyen of accounting, Akintola Williams, dies at 104
Williams also played a pivotal role in establishing the Nigerian Exchange and served as the first president of ICAN.
Irma Stern’s ‘Praying Arab’ painting from Zanzibar set for auction in Cape Town
‘Praying Arab’ stands as a remarkable representation of Stern’s distinctive style during her golden period, roughly spanning from 1933 to 1948.
South African executive Fani Titi earns $9.4-million salary at Investec in 2023
Titi’s compensation package encompasses a base salary of $1.3 million and a performance-based short-term incentive of $1.97 million.
Egyptian billionaire Hassan Allam’s firm unveils expansion into UAE
Under Hassan Allam and his brother, Amr Allam, Hassan Allam Holding boasts a construction backlog that surpasses $3 billion.
5 companies owned by Nigerian energy magnate Austin Avuru
Billionaires.Africa has cataloged companies owned by and linked to Avuru. Here are five companies under his direct or indirect ownership.