South African tycoon Johan Burger loses $5.8 million on investment in FirstRand
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Featured
Billionaire Issad Rebrab extends lead as Algeria’s richest man
Rebrab is the seventh-richest man in Africa, with a net worth of $5.1 billion.
South African billionaire Nicky Oppenheimer loses more than $1.2 million on investment in IDH
However, Oppenheimer’s net worth has risen by $750 million since the start of the year.
South African Ackerman family gains $82 million as Pick n Pay shares soar by double digits
The Ackerman family owns a significant 25.53-percent stake in the leading retailer, totaling 124,677,238 ordinary shares.
Nigerian tycoon Aliko Dangote receives $21.1 million in dividends from sugar business
The sum is 33-percent less than in 2021.
Egyptian tycoon Ahmed Ezz loses $49.6 million from stake in Ezz Steel
Ezz, who founded Ezz Steel in 1994, owns 60.7 percent of the company.
Meet the 7 richest Black women in the United States in 2022
The most recent addition to the list is U.S. businesswoman Emma Grede.
Greek magnate John Coumantaros to receive $13.4 million in Flour Mills dividends
Coumantaros owns a majority 63.34-percent stake in the agro group.
Nigerian mogul Tony Elumelu loses over $7.1 million as UBA shares fall from record highs
Elumelu owns a sizable 6.96-percent stake in the banking group.
Egyptian billionaire Naguib Sawiris says President Vladimir Putin ‘another Hitler in the making’
This is the latest comment by the Egyptian billionaire on the Russia-Ukraine crisis.
Kenyan tycoon Tabitha Karanja’s Keroche Breweries shut down for sixth time
Karanja founded the Kenyan brewer in 1997.
Africa to produce more billionaires than U.S., UK over next decade, new report reveals
The recent forecast comes amid changing dynamics in developed economies.
Egyptian businessman Medhat Khalil’s Raya Holding unveils expansion plans for new unit
Raya Holding is an Egyptian investment conglomerate.
Algerian media mogul Anis Rahmani jailed for graft
Rahmani, the head of Ennahar, had been on trial for violation of foreign exchange regulations.
South African billionaire Patrice Motsepe looks to boost clean power generation sevenfold across Africa
The news comes a year after the his energy firm acquired a strategic 40-percent stake in SOLA Group.
Neal Froneman’s Sibanye-Stillwater to restart South African gold operations
The news comes after the group signed a three-year wage agreement with its gold mine workers.