Egyptian billionaire Ghabbour family loses $32 million in 10 days
Presently, the Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their status as prominent investors on the Egyptian Exchange.
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Companies owned by South African-born Canadian billionaire Jack Cockwell
From his role in the growth of Brookfield Asset Management to positions in Rogers Communications and Partners Limited, Cockwell’s influence extends across industries.
Life in the Fab Lane: 7 businesses owned by fashion icon Kimora Lee Simmons
From revitalizing Baby Phat to strategic investments in skincare and wellness, Simmons exemplifies entrepreneurial diversity and acumen.
South African executive Andries van Heerden pockets $1.7-million salary in 2023
Van Heerden received a compensation package of R31.96 million ($1.70 million) in 2023 for his significant role in Afrimat’s financial success.
Africa’s richest man Aliko Dangote gains $7.11 billion in January 2024
According to the Bloomberg Billionaires Index, his wealth surged from $15.1 billion on Jan. 1 to $22.2 billion on Jan. 31, marking a $7.11-billion increase.
South African billionaire Michiel Le Roux loses $64.5 million from Capitec Bank stake
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Nigeria’s second-richest man’s food business hits $610-million revenue in 2023
The surge in revenue is attributed to price adjustments and volume increases from capacity expansion for IRS.
Billionaire Femi Otedola made chairman of Nigeria’s First Bank
The decision to elevate Otedola to the position of chairman was reached at a board meeting today.
South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.
Greek businessman John Coumantaros loses $24.5 million from Flour Mills stake
Coumantaros faced significant losses as the company’s shares took a recent hit on the Nigerian Exchange.
South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
Tunisian tycoon Moncef Sellami gains $2.6 million from OneTech stake
OneTech’s remarkable growth over the years owes much to the vision of Sellami, its founder, who established the firm in 1978.
Egypt’s second-richest man criticizes government’s delay in devaluing currency
Sawiris suggests that aligning with the spiraling black market rate is imperative to address the chronic foreign currency shortage plaguing the nation.
Shaquille O’Neal expresses desire to own NBA team again
This comes in the wake of O’Neal’s decision to divest his stakes in the Sacramento Kings in January 2022, citing NBA ownership regulations.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.