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HOT NEWS
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.Â
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
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote's net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire Sean ‘Diddy’ Combs threatened racism claims for payout, Diageo claims
Diageo alleges that Sean "Diddy" Combs attempted to extort millions by threatening to label the firm as racist.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year's end.
SOUTHERN AFRICA
RECENT STORIES
South African tycoon Adrian Gore takes $37-million loss from investment in Discovery
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
South African tycoon Stephen Brookes faces $1.8-million loss from Balwin stake
Brookes is Balwin Properties’ largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
Zimbabwean businessman John Moxon loses $10.7 million in 19 days
Moxon owns a 10.8-percent stake in Meikles Limited, a prominent Harare-based conglomerate.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan's billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote's net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
South African tycoon Gus Attridge loses $7.2 million in 5 days from Aspen stake
Attridge, Aspen’s group chief advisor, who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, sells stake in NBK Egypt
The Khamis family, Egyptian multimillionaires, holds a majority stake of 56.58 percent in the company, which distributes its products in Oriental Weavers.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire movie mogul Tyler Perry gives boost to Bahamas’ ‘Orange Economy’
Tyler Perry is the owner of White Bay Cay, an island in the Bahamas that has a 14,000-square-foot Bali-styled mansion.
Billionaire Sean ‘Diddy’ Combs threatened racism claims for payout, Diageo claims
Diageo alleges that Sean "Diddy" Combs attempted to extort millions by threatening to label the firm as racist.