Tunisian multimillionaire Habib Essayeh gains $4.2 million as Euro-Cycles shares soar
Euro-Cycles is a Tunisian automotive company that specializes in the production of bicycles and cycles for export only.
Hot News
This is what Nigerian billionaire TY Danjuma’s family office portfolio looks like
Danjuma is known for founding the oil exploration company South Atlantic Petroleum.
Nigerian billionaire Abdul Samad Rabiu meets Senegalese president to discuss pan-Africaneconomic ties
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Nigerian politician and OPEC Secretary-General Mohammad Barkindo dies at 63
His death comes at a critical juncture in history, with volatile energy markets, global inflation and growing climate risks.
Egyptian tycoon Safwan Thabet receives $8.75 million in dividends from Juhayna
Thabet owns a majority 50.07-percent stake in the Egypt-based food products manufacturer.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
South African billionaire Oppenheimer family wins case to block exploration at Zimbabwe ranch
This comes after the family filed a lawsuit on June 2 to stop Pearline Mineral Exploration from mining on the Shangani Ranch.
Botswana retail tycoon Ramachandran Ottapathu loses over $4.4 million since start of 2022
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
Karim Awad-led EFG Hermes acquires stake in offshore oil support company, Maridive
The transaction comes two months after Maridive approved a 5.94-percent reduction in its authorized capital to $940.51 million.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l launches e-money service
Under Nassa’s leadership, the bank has evolved into a central player in the West African financial services industry.
Kanye West gains more than $200 million in one year
West owns the entire Yeezy brand, which is valued at $2.9 billion.
Africa, cryptocurrency, and the future
Several governments are still contemplating whether it should even be legalized.
South Africa’s second-richest man Nicky Oppenheimer’s net worth rises by $400 million this year
Oppenheimer maintains private equity investments in Africa, Asia, the United States, and Europe.
Nigerian MMA fighter Israel Adesanya earns $1.8 million from Sunday’s UFC 276
Adesanya is expected to headline another UFC main event in the fourth quarter of 2022.
Meet Ghanaian Nadia Abdul Aziz, who owns $16-million stake in Asante Gold
Aziz owns a significant 4.13-percent stake in the company.