Orascom construction, led by Egypt’s richest family, sees Q2 profits triple
Orascom Construction is a leading global engineering and construction contractor.
Billionaires Africa
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.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares decline by $1.7 million
Essayeh owns a sizeable 33.6-percent stake in Euro-Cycles.
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.