Kenyan businessman John Kimani loses $1.43 million from Kakuzi shares
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
Latest News
Black executive Lloyd Howell earns $3.8-million salary from Booz Allen in 2022
The compensation package comprises a base salary of $1.03 million and a performance-based pay of $0.526 million.
Malagasy tycoon Hassanein Hiridjee’s group secures $30-million facility for energy expansion
Under Hiridjee, AXIAN Group has become Madagascar’s leading energy producer.
Nigeria’s richest woman Folorunso Alakija secures six oil blocks in Sierra Leone
Sierra Leonean President Julius Maada Bio disclosed that the move is pivotal to stimulating the country’s economy.
South African tycoon Jannie Mouton gains $31 million in 6 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Egyptian tycoon Hisham Talaat Moustafa’s group acquires stake in Legacy Hotels
Founded in 1974, TMG has become a top player in Egypt’s real estate landscape.
10 companies owned by South African billionaire Jonathan Oppenheimer
Track his ventures as he continues the extraordinary entrepreneurial legacy of the South African billionaire Oppenheimer family.
Namibian businessman Koos Brandt rakes in $2.33 million from Capricorn shares
Brandt, a leading Namibian mogul, who stepped down as the chairman of Capricorn Group and Bank Windhoek in 2017, is also the largest individual shareholder in the group.
South African tycoon Michiel Le Roux gains $70.1 million from Capitec Bank
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Black CEO Steven Williams earns $8.1-million salary from PepsiCo Foods in 2022
Williams, a 24-year PepsiCo veteran, has garnered recognition for his unwavering dedication and leadership excellence.
Egyptian billionaire Ahmed Ezz spends $11.1 million to boost stake in Ezz Steel
Prior to the transaction, Ezz held a commanding 60.71-percent stake.
This Week In Review: A Snapshot of African Wealth Dynamics — Legal Issues Pressure dos Santos and Mmobuosi (Dec. 18 to 22)
We take a look at the most significant events in African wealth dynamics over the past week.
Africa’s first Black billionaire Patrice Motsepe rides high as net worth hits $2.5 billion
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
Black executive Adrian Mitchell earns a $3.1-million salary from Macy’s
Mitchell — who became Macys’ COO and CFO in March 2023 — received a compensation package that includes a base salary of $0.84 million.
Fintech tycoon Ashraf Sabry’s Fawry and POS Mission link up to boost Egypt’s hospitality sector
Founded in 2008 by Sabry — its CEO — Fawry has become a leading Egyptian e-bill payment platform.
5 companies owned by African-American tech entrepreneur Clarence Wooten
As entrepreneur-in-residence at X, Alphabet’s moonshot factory, Wooten pioneers groundbreaking technologies.