The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.
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Egyptian tech tycoon Ashraf Sabry earns $4.5 million in 17 days as shares in Fawry rebound
The multimillion-dollar gain in his stake is due to investors reacting positively to the group’s half-year results.
Gambling tycoon Kessington Adebutu signs sponsorship deal with Nigeria Football Federation
The deal makes the betting company the official sponsor of the country’s national football teams.
Former CEO Sarel van Zyl receives salary package of $333,000 in 2021 from FirstRand Namibia
Compared to the previous year’s pay of $623,147, Awori’s remuneration in 2021 fell by nearly 47 percent.
Ten female executives playing critical roles in Africa’s financial sector
Africa’s financial sector has seen massive growth over the past few years compared to previous decades.
Jose Antonio Primo-led LafargeHolcim Maroc posts resilient results as revenues and net profit soar
The growth in the group’s revenue in the first half of 2021 led to a triple-digit surge in net profit.
Pieter Engelbrecht-led Shoprite plans to integrate Walmart subsidiary into operations
Africa’s largest retailer has unveiled plans to integrate the subsidiaries of Walmart-owned Massmart into its operations.
Egyptian billionaire Nassef Sawiris’ net worth increases by $260 million in 24 days
Sawiris’ net worth between Aug. 20 and Sept. 13 increased from $6.67 billion to $6.93 billion.
Malawian tycoon Thomson Mpinganjira convicted in 2019 presidential election bribery case
The multimillionaire had pleaded not guilty to six bribery-related charges.
Segun Agbaje-led Guaranty Trust Holding reports 15.8-percent decline in mid-year profit
Guaranty Trust’s profit for the period fell to $194.0 million in the half-year period ending June 30.
Andries van Rensburg’s Libstar Holdings records 27.8-percent decline in half-year earnings
Libstar’s earnings during the period were impacted by unfavourable foreign currency movements.
Namibian tycoon Quinton van Rooyen loses $187.2 million in 2021 as Trustco shares decline
Trustco shares on the Namibia Stock Exchange have now lost more than two-thirds of their value.
Mauritian tycoon Pierre Guy Noel gains $1.4 million as MCB Group shares rise by 20 percent
The increase in the company’s share price, which spurred the gains, was due to aggressive buying pressure on the bourse.
South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
Ten African billionaires worth knowing aside from the ‘Big Four’
For too long, four big names have dominated the list of Africa’s wealthiest men.
Marc Holtzman-led BK Group posts 41.5-percent growth in net profit for H1 2021
The bank has attributed the shift to increased interest and non-interest income.