Africa’s richest man Johann Rupert’s Reinet posts $81-million net asset value plunge in Q1
Rupert holds a 24.9-percent stake in Reinet Investments, contributing to his status as Africa’s richest man.
Hot News
Shoprite, linked to South African billionaire Christo Wiese, expects sales to surpass $12 billion
Wiese’s 11.63-percent stake in Shoprite is worth $952 million, cementing his position as one of the leading investors on the Johannesburg Stock Exchange.
Kenyan tycoon James Mwangi-led Equity Group pours $511 million into social impact initiatives
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
Kenyan retail tycoon Atul Shah receives green light to pursue refund case against Imperial Bank
Shah is the former managing director and CEO of Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets.
South African executive Josua Malherbe’s Remgro stake nets him nearly $2 million
Malherbe’s role as a non-executive co-deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders.
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
Pick ‘n Pay, led by South African Ackerman family, reveals $14.1 million in unclaimed cash-back rewards
The latest disclosure of unclaimed cash-back rewards underscores Pick ‘n Pay’s commitment to its loyal customers.
Nigeria’s First Bank appoints billionaire businessman Femi Otedola as non-executive director
The move cements Otedola’s position as a leading figure in Nigeria’s business landscape and underscores his influence in the country’s financial sector.
Segun Agbaje’s stake in Nigeria’s most valuable lender, GTCO, is worth $2 million
Agbaje, the group CEO of GTCO, holds a minority 0.14-percent stake in the company, amounting to a total of 41,628,001 shares.
South African tycoon Stephen Brookes suffers $5-million loss from Balwin stake
Brookes owns a 36.08-percent stake in Balwin Properties.
15 companies owned by world’s richest Black billionaire, Aliko Dangote
His net worth stands at $10.8 billion, making him the world’s richest Black billionaire and the second-richest person in Africa.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom becomes majority owner of ‘Free in Senegal’
Under Hiridjee, AXIAN Telecom has achieved remarkable growth through active acquisitions and substantial network investments since 2015.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $260 million
This upswing has propelled his fortune above the $9.3-billion mark, solidifying his position as one of Africa’s richest billionaires.
Skims linked to Emma Grede, one of America’s richest Black women, soars to $4-billion valuation
The company, co-founded by Kim Kardashian and Grede in 2019, has witnessed a meteoric rise due to its emphasis on inclusivity and body positivity.
5 assets owned by Nigerian-Lebanese billionaire Gilbert Chagoury
Gilbert holds a prominent position in Nigeria’s business landscape, and his philanthropic contributions have earned him respect and recognition.
Ghanaian tycoon Paa Kwesi Nduom to challenge GN Bank’s license revocation in High Court
Nduom is the founder of Groupe Ndoum, a multinational family holding business comprising more than 60 independent companies.