Egyptian billionaire Mohamed Al-Fayed dies at 94
Al-Fayed was a former owner of Harrods department store and father of Dodi Fayed, who perished alongside Princess Diana in a 1997 car crash.
Billionaires Africa
Uganda-based entrepreneur Kaivan Sattar’s startup acquires Mexican firm FlexClub
Over the six years of its operation, Asaak, under Sattar’s leadership, has facilitated the acquisition of more than 5,000 motorcycles.
South African tycoon Mxolisi Mgojo suffers $1.4-million loss from Exxaro stake
Despite the recent decline in the market value of his stake, Mgojo remains one of South Africa’s most esteemed executives.
Nigerian gambling magnate loses $4 million from Wema Bank investment
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.15-percent stake in Wema Bank.
Africa’s richest man Aliko Dangote back among world’s top 100 billionaires
The majority of Dangote’s wealth is anchored in his 86-percent stake in Dangote Cement, Africa’s largest cement producer.
South African multimillionaire Barry Swartzberg loses $11 million in 29 days
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to reduce cement prices
Rabiu’s statement follows a strategic agreement between BUA Cement Plc and Sinoma International Engineering Co., Ltd.
Nigeria’s richest pastor David Oyedepo to lose private jet hangar
Oyedepo, known as Nigeria’s wealthiest preacher and founder of Living Faith World Outreach Ministry, one of Africa’s largest congregations.
Meet Coco Gauff: A 19-year-old star among the world’s highest-paid athletes
Gauff, a 19-year-old sensation from Delray Beach, Florida, is making waves in the tennis world and rewriting the financial record books.
Nigerian multimillionaire Ladi Jadesimi pockets $470,000 Aradel Holdings dividend
Jadesimi, who is the founder of Lagos-based LADOL, owns a 4.7-percent stake in Aradel Holdings, an oil-producing company.
South African banker Arno Daehnke earns $2.3-million salary from Standard Bank
Daehnke’s career spans over two decades, and he has played diverse roles within Standard Bank Group since joining in 2001.
Egyptian business mogul Hassan Allam’s company to invest in Uzbekistan
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Nigerian banker Atedo Peterside’s Stanbic IBTC stake dips by $1 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
NBA star Giannis Antetokounmpo invests in Tiger Woods-backed Golf League
In June, Antetokounmpo launched his investment holding company, Ante, Inc., as a hub for various business endeavors.
Aga Khan IV’s stake in Nairobi-based insurer slumps by $3 million
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 billionaire Stephen Saad’s Aspen partners with Eli Lilly to expand medical access
Aspen Pharmacare, founded by Saad in 1997, has steadily fortified its global presence in the pharmaceutical sector for over two decades.