South Africa’s five richest men and how they made their money
South Africa is home to the second-highest number of billionaires in Africa.
Hot News
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
United States sanctions firms owned by South Sudanese tycoon Benjamin Bol Mel
Bol Mel once served as the chairman of the South Sudan Chamber of Commerce, Industry, and Agriculture.
James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
Anthony Masunga-led Botswana Telecommunications Corporation expects bump in half-year pre-tax profits
Through its operations, BTC offers fixed, mobile and broadband services to consumers, enterprises and other licensed service providers.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
Africa’s wealthiest man Aliko Dangote loses over $1 billion in single day as investors book profit
Yet his $19.1-billion net worth makes him the richest Black man alive and the 100th wealthiest man in the world.
Mauritian financial powerhouse AfrAsia Bank appoints Malachy McAllister as new CEO
McAllister is a veteran banker with an enviable track record of strategic leadership and cognate experience that spans more than three decades.
More trouble for Algerian tycoon Ali Haddad as court unravels fresh case of fraud
The long-time ally of the late former Algerian President Abdelaziz Bouteflika appeared before a court in Fellaoucene yesterday.
U.S. sanctions Angolan businesswoman Isabel dos Santos for involvement in corruption
U.S. Secretary of State Antony Blinken said the sanction was imposed for significant corruption.
Sudanese tycoon Osama Daoud Abdellatif’s DAL Group offers Zain $1.3 billion for telecom business in Sudan
DAL Group is a Sudan-based conglomerate with investments and active operations across several sectors.
Nigerian serial founder Sim Shagaya’s uLesson secures $15 million in China-led Series-B round
uLesson is a home-tutoring platform founded by Shagaya in 2019.
Nigerian billionaire Abdul Samad Rabiu unveils food company BUA Foods, set to list on NGX
BUA Sugar Refinery Limited, BUA Oil Mills Limited, IRS Flour, IRS Pasta and BUA Rice Limited have merged to form BUA foods.
U.S.-based investment firm divests $10.75 million in shares in Al-Moataz Adel Mahmoud Al-Alfi’s led EKH
EKH is an Egyptian investment company with a diversified portfolio of investments.