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NORTH AFRICA
EAST AFRICA
Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals
The Ndegwa family's latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
Gideon Muriuki-led Co-op Bank becomes Kenya’s second-most valuable lender
Under the leadership of Muriuki, who serves as the bank's CEO, Co-op Bank has solidified its position as a key player in the market.
U.S. group to earn $13.5 million in deal with Kenyatta family-linked lender, NCBA
Through their late patriarch's estate, the Kenyatta family maintains a significant 13.2-percent stake in NCBA Group, equivalent to 217,497,023 ordinary shares.
Ugandan multimillionaire Mohammed Hamid faces loss of five-star hotel over $160-million debt
Hamid is the founder of Aya Group, which has interests in milling, food manufacturing, commodity trading and hospitality.
7 assets owned by Kenya’s largest landholders, Kenyatta family
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
Kenyan banker John Gachora earns $1-million salary from NCBA Group in 2022
Apart from his executive and governance roles, Gachora owns a minority 0.14-percent stake in the leading financial group.
WEST & CENTRAL AFRICA
7 biggest charitable gifts of Nigerian billionaire Femi Otedola
Femi Otedola's charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
Greek multimillionaire John Coumantaros gains $10.5 million from Flour mills stake
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Nigerian banker Herbert Wigwe to receive $1-million dividend from Access Holdings
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
Burkinabe tycoon Idrissa Nassa’s Coris Bank extends $55-million debt to gold producer
Coris Bank International, under the leadership of Nassa, has emerged as a prominent force in the financial services industry.
SOUTHERN AFRICA
RECENT STORIES
7 biggest charitable gifts of Nigerian billionaire Femi Otedola
Femi Otedola's charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
South African banker Alan Pullinger’s salary at FirstRand amounts to $2.7 million in 2023
Pullinger’s ascent to the CEO role in 2018 came after three years as deputy CEO of FirstRand, a position he assumed in October 2015.
Khaby Lame emerges as one of 2023’s top earners, amassing $16.5 million
Lame's claim to fame revolves around his unique comedy skits that humorously debunk overly complex “life hacks” entirely without uttering a word.
4 companies owned by Kendrick Lamar
Beyond his groundbreaking contributions to the music industry, Lamar subtly and strategically diversifies his financial portfolio.
Greek multimillionaire John Coumantaros gains $10.5 million from Flour mills stake
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Rick Ross and Maybach Music Group form new alliance with Gamma
African-American Hip-hop star and entrepreneur Rick Ross is the founder of the Maybach Music Group.
Egypt’s richest man Nassef Sawiris gains $150 million in 4 days
Sawiris’ net worth has surged by $150 million in just four days, translating to an average gain of $37.5 million per day since Sept. 26.
Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals
The Ndegwa family's latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
5 companies owned by Tyra Banks
Banks owns companies in the beauty, TV production, and food sectors.
Africa’s first Black billionaire Patrice Motsepe faces $900-million loss in 2023
Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.