Christopher Young: A Black executive who owns $32 million in Microsoft shares
Young, a leading business executive and a top figure among America’s Black executives, has etched his mark on the prestigious canvas of Microsoft.
Billionaires Africa
Nigerian venture capitalist Olumide Soyombo set to release memoir
Soyombo, one of Nigeria’s most prominent venture capitalists, wrote early checks for Paystack and Piggyvest.
One of Burkina Faso’s richest men, Inoussa Kanazoe donates to Youth Center
Kanazoe ranks among the wealthiest individuals in Burkina Faso and is the owner of cement manufacturer CimFaso.
Nigerian billionaire Orji Uzor Kalu to head Senate Committee on Privatization
Kalu is the founder of Slok Holding, a West African conglomerate with tentacles in shipping, banking, manufacturing and media.
High court freezes assets of Nigerian energy billionaire Ambrosie Bryant Orjiako
Orjiako owns a significant 6.4-percent stake in Seplat Energy Plc, one of Nigeria’s largest energy companies.
Nigerian pharma tycoon Stella Okoli, U.S. gov’t partner to combat malnutrition
Emzor, which Okoli owns, will partner with the U.S. government to establish a processing facility for medical-grade groundnut paste.
South African billionaire makes progress with Cape Winelands Airport
Hersov is set to complete the construction of the Cape Winelands Airport which he acquired in 2021.
Alan Pullinger, CEO of Africa’s most valuable bank, gains $1.69 million in 17 days
Pullinger owns a minority stake of 0.1 percent in FirstRand, or 5,634,679 ordinary shares in the leading lender.
South African billionaire Stephen Saad rakes in nearly $190 million
Saad, who founded Aspen Pharmacare Holdings in 1997, owns a 12.5-percent stake in the branded pharmaceutical company.
Egyptian tycoon Ahmed Ezz gains $69 million within three weeks
Ezz owns 60.7 percent of Ezz Steel, making him one of the richest investors on the Egyptian Exchange and one of Egypt’s wealthiest men.
Mark Shuttleworth: 49-year-old tech tycoon who is the first South African in space
Shuttleworth’s entrepreneurial journey began in 1995 with the inception of Thawte Consulting.
7 companies founded by South African billionaire Rob Hersov
Hersov is a heir of the founding family of Anglovaal, a mining and industrial giant that was sold off in the late 1990s.
Burkinabe multimillionaire Simon Tiemtore leads acquisition of Orabank
Tiemtore is the founder of Lilium Capital, a private equity firm that is owns Vista Group, which is acquiring Ora Group.
Zimbabwe’s latest multimillionaire Paddy Zhanda gains $49 million
The significant increase has further cemented Zhanda’s position as a leading Zimbabwean businessman.
KRA pursues $12.5-million tax claim against Kenya’s Mukuha family
The KRA’s demand is linked to a 31.5-percent stake sale in Naivas International in 2020 by members of the Mukuha family.
Comment: Embracing self-awareness — the key to genuine economic transformation in Africa
The momentum is here. We are witnessing a shift in mindset among many of Africa’s political leaders that is essential for Africa’s true economic emergence.