Africa’s richest man Aliko Dangote’s net worth skyrockets, exceeding $17 billion
In just 17 days of 2024, he has already regained over $2 billion.
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South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
Consortium including Nigerian tycoon Abdulrazaq Isa’s group to acquire Shell assets for $1.3 billion
Notably, Waltersmith Group, led by Nigerian businessman Abdulrazaq Isa, brings extensive experience in oil exploration and production.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $2.65 million
Essayeh owns a 33.6-percent stake in the bike maker, making him not only the largest shareholder in the Tunis-based automotive enterprise.
South African executive Shameel Joosub earns $3.4-million salary from Vodacom
His compensation package includes a R16.64-million ($0.88 million) base salary, accompanied by a short-term incentive of R14.03 million ($0.74 million).
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank launches eight new branches
The newly unveiled branches bring the total I&M Group branch network to 93 in the region. Out of these, 49 are strategically positioned throughout Kenya.
Africa’s first female billionaire accuses Angolan government of political persecution
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.
Egyptian billionaire Ghabbour family scores $21.6-million gain from GB Corp stake
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.
African-American billionaire Alex Karp faces $100-million loss in early 2024
The revaluation of his private investments and a single-digit decline in Palantir’s shares have contributed to a $100-million decrease in his net worth.
Meet Gerald Smith: Black executive steering a $6-billion investment firm
From his early days in retail to co-founding Smith Graham Investment Advisors, Smith’s strategic brilliance has shaped the financial landscape.
Moroccan tycoon Lamia Tazi gains $6 million from Sothema stake in 15 days
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
5 companies linked to Mellody Hobson, one of America’s top Black businesswomen
From Ariel Investments to Starbucks and JPMorgan Chase, delve into her strategic vision, commitment to diversity, and impact on global leaders.
South African exec Paul Dunne earns $1.5-million salary from Northam in 2023
His compensation comprises a base salary of R11.23 million ($0.60 million) and augmented by a short-term incentive of R8.41 million ($0.45 million).
One of Malawi’s richest men, Hitesh Anadkat, gains $20 million from FMB Capital
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.