Kenyan firm tied to Chris Kirubi’s heirs rakes in $3.7 million from Eurobond trade
Centum Investment, controlled by the family of the late tycoon, diversified its investment portfolio by buying $11.5 million.
Hot News
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Meet 48-year-old South African executive who owns $12-million share in world’s largest mining company
Nagle’s journey from a young team member to the CEO of the world’s largest mining company inspires aspiring business leaders worldwide.
5 companies owned by South African-born billionaire Patrick Soon-Shiong
South African-born billionaire Soon-Shiong is a force to be reckoned with in the global healthcare arena.
South African tycoon Jens Montanana loses $10 million within 47 days on Datatec investment
Montanana founded Datatec in 1986 and owns an impressive 11.98-percent share in the South African tech company.
Egyptian businesswoman Hend El-Sherbini loses $26 million in month as IDH shares plunge
El-Sherbini owns a significant 26.71-percent stake in the company, or 160,250,305 ordinary shares.
Glencore-led by South African exec. Gary Nagle to acquire Argentinian copper project in $475 million deal
South African business executive Gary Nagle’s 0.016 percent stake in Glencore is worth R248 million ($13.9 million)
South Africa’s second-richest man Nicky Oppenheimer nears $10-billion net worth, surpasses $1.3-billion YTD gains
The driving force behind Oppenheimer’s wealth gains lies in his private equity investments.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.
Ghanaian tycoon Joseph Siaw Agyepong’s group commissions $22-million wastewater treatment plant
The facility was funded by the government of Hungary.
5 companies linked to South African billionaire banker Michiel Le Roux
As the holder of an 11.39-percent ownership stake in Capitec Bank, comprising 13,190,043 ordinary shares, Le Roux is among the continent’s richest individuals.
Dangote’s cement company rakes in $230-million profit in first half of 2023
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
Tunisian business mogul Abdelwaheb Ben Ayed suffers $2.6-million loss as Poulina stake tanks
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, making him one of the richest investors on the Tunis Stock Exchange.
Black entrepreneur Emma Grede’s stake in shapewear company, Skims, surges to $320 million
Beyond her successful venture with Skims, Grede is also making waves in the retail industry through Good American.
Richemont, led by Africa’s richest man Johann Rupert, acquires controlling stake in Italian shoemaker
Finalized in a private transaction, the deal marks a significant step for Richemont.
5 companies linked to South African mining tycoon Neal Froneman
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.