Greek businessman John Coumantaros gains $8.5 million from Flour Mills stake
Flour Mills of Nigeria Chairman John Coumantaros holds a 63.34-percent stake in the company.
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South African exec Sam Ngumeni earns $5.3-million salary from Woolworths in 2023
Woolworths rewards Ngumeni’s pivotal role with an impressive increase, mirroring the company’s stellar financial year.
South African tycoon Gus Attridge gains nearly $8 million in 16 days
Attridge, Aspen’s group chief advisor who ranks as one of JSE’s richest investors, owns a 4.26-percent stake in the pharma group.
Ralph Mupita-led MTN explores bold move with Elon Musk’s Starlink to strengthen regional growth
Under Mupita’s leadership, MTN Group has soared to new heights.
5 companies owned by African-American business executive Shundrawn Thomas
From leading The Copia Group to contributing to Northern Trust, Thomas shapes industries with his innovative approach and commitment to social responsibility.
Zimbabwean businessman John Moxon loses $12.7-million from stake in Meikles
Moxon owns a 10.8-percent stake in the group.
Media mogul Byron Allen challenges BET sale, offers $3.5-billion bid for network
In a scathing critique of Paramount’s decision, Allen accused the conglomerate of orchestrating a “lowball inside deal.”
Fall from fortune: Isabel dos Santos denied access to $734 million in UK assets
Once considered Africa’s wealthiest woman, dos Santos was removed from Forbes’ list of the world’s wealthiest people in January 2021.
Black executive Kenneth Frazier earns $8.5-million salary from Merck & Co.
Breaking down the nuances of Frazier’s 2022 compensation and examining the impact of his transition from CEO to executive chairman.
Vista Equity, led by America’s richest Black man, seeks $20 billion for eighth flagship fund
Under Smith’s helm, Vista Equity Partners excels amidst fundraising intricacies, boasting 18 dynamic monetization events, generating an impressive $18 billion.
Black executive Mark Mason pockets $15-million salary from Citigroup in 2022
Mason’s substantial compensation package reflects his noteworthy contributions to Citigroup’s financial success and his status as a prominent Black executive.
7 companies owned by South African businessman John Copelyn
Discover his pivotal role in companies like Montauk, HCI, Southern Sun, and more.
Egyptian tycoon Medhat Khalil’s Raya Holdings to launch IPO for IT subsidiary in 2024
Executives within Raya Holding emphasized that the IPO is designed to provide potential investors with an opportunity to acquire a stake in Raya Information Technology.
Following Abu Dhabi move, firm linked to Egypt’s richest sells stake in U.S. company
Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.
Moroccan real estate mogul Alami Lazraq gains $10.7 million in 18 days
Lazraq, who founded Alliances Group in 1994, owns a 51.7-percent stake, amounting to 11,410,669 in the group’s publicly traded subsidiary, ADI.
South African tycoon Pieter Boone receives $1.3-million salary from Pick ‘n Pay in 2023
During his tenure, Pick ‘n Pay achieved remarkable milestones, with gross profit rising from R18.40 billion ($1 billion) in 2022 to R20.94 billion ($1.14 billion) in 2023.