Greek tycoon John Coumantaros’ Flour Mills achieves over $2 billion in revenue
Coumantaros owns a controlling 63.34-percent stake in Flour Mills of Nigeria Plc through his entity Excelsior Shipping Company.
Billionaires Africa
Whitey Basson: South African tycoon who turned Shoprite into a retail giant
Basson’s tenure at the helm of Shoprite marked a remarkable era that redefined the retail landscape through innovative strategies.
Botswana-based tycoon Jonathan Gibson gains $8.5 million in just 15 days
Jonathan Gibson, the deputy chairman of Chobe Holdings, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.
Namibian businessman Quinton van Rooyen loses $50 million in 28 days
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s richest men.
Fani Titi: South African businessman at the helm of billion-dollar Investec Group
South African businessman Fani Titi has emerged as a beacon of change within South Africa’s financial landscape.
Tunisian tycoon Mehdi Tamarziste’s stake in UBCI surges by $1.6 million
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Royal family of Morocco gains $670 million from stake in Attijariwafa Bank
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
Neal Froneman says Sibanye will include Chinese partner in Mopani Copper Mines bid
Froneman emphasized that the partnership would materialize once negotiations concluded satisfactorily.
7 companies owned by Nigerian magnate Kola Karim
Under Karim’s leadership, Shoreline has emerged as a dominant force in Africa’s collaborative business landscape.
Kenya’s largest landowners, Kenyatta family, to pocket $2.6 million from NCBA
The Kenyatta family owns a 13.2-percent stake in NCBA Group through the estate of their late father, Jomo Kenyatta.
Wealthy Ndegwa family of Kenya acquire $2.77-million stake in property fund
This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
Orascom construction, led by Egypt’s richest family, sees Q2 profits triple
Orascom Construction is a leading global engineering and construction contractor.
10 companies owned by Nigerian multimillionaire Tony Elumelu
Elumelu’s influence extends far beyond his business endeavors, making him a beacon of inspiration for future generations.
Google’s former boss in West Africa, Juliet Ehimuan, becomes director at Zenith Bank
Ehimuan, a prominent figure in the African tech industry and a key player in Google’s growth in Africa, left the company in late June.
Indian billionaire Sunil Mittal’s Airtel Uganda plans IPO
Airtel Uganda, which is a subsidiary of Bharti Airtel controlled by Mittal, has 14.3 million active subscribers across 146 districts in Uganda.
South African tycoon Johan Burger gains nearly $1 million from FirstRand stake
Burger, who has been a director at FirstRand since 2009, owns a minority 0.110-percent stake in the leading financial services group.