Tunisian tycoon Habib Essayeh’s Euro-Cycles shares decline by $1.7 million
Essayeh owns a sizeable 33.6-percent stake in Euro-Cycles.
Billionaires Africa
Kenyan entrepreneur Peter Njonjo transfers Galana-Kulalu scheme acres to private firm
In June, Njonjo revealed that development rights for the project would be handed over to Selu Limited.
Africa’s richest man achieves massive wins on NGX as portfolio surpasses $7.7 billion
Dangote’s expansive investment portfolio positions him ahead of his African peers, including South African billionaire Johann Rupert.
South African tycoon Fleetwood Grobler-led Sasol entangled in $70-million lawsuit
In recent times, Grobler has been driving Sasol’s transition towards cleaner and renewable energy strategies.
South African tycoon Christopher Seabrooke loses $3 million from Sabvest stake
Seabrooke holds a significant 40.61-percent stake in the South African investment holding company.
Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya is down by more than $1 million
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
19-year-old tennis star Coco Gauff earns $15.2 million, joining world’s top earners
Gauff’s earnings, amounting to $15.2 million, cement her position as one of the world’s top-earning black individuals.
Case filed by Cameroon’s richest man casts doubt on MTN’s $200-million investment
The legal uncertainty cast by Baba Ahmadou Danpullo, who ranks as Cameroon’s richest man, threatens the group’s $200-million investment.
Uganda tax penalty deals blow to cement firm owned by Kenyan tycoon Baloobhai Patel
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Michiel Le Roux loses $110 million from investment in Capitec Bank
Le Roux holds an 11.39-percent stake in Capitec Bank.
7 companies owned by Zimbabwe’s richest man, Strive Masiyiwa
With an enduring legacy spanning two decades, Masiyiwa has redefined telecommunications in Africa.
Egyptian court clears billionaire of pop star lover’s murder
Moustafa had been sentenced to 15 years for his role in the 2008 murder of pop star Suzanne Tamim.
Botswana businessman Farouk Ismail faces $3-million loss from Choppies stake
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Tony Elumelu’s wealth skyrockets with Transcorp stake closing in on $100 million
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).
Michael Jordan’s net worth grows by $1.8 billion in 2023
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.