Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
5 companies owned by Cathy Hughes, first Black woman to lead a publicly traded company
Billionaires.Africa has observed Hughes’ impact on five companies, showcasing her exceptional business prowess and her role as a trailblazer in the corporate world.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.3 million from Poulina stake
Ben Ayed owns a 3.4-percent stake in Poulina Group, making him one of the richest investors on the Tunis Stock Exchange.
Egyptian businessman Hani Berzi’s Edita to pay out $9.7 million in dividends
Berzi owns a significant stake of 41.95 percent in Edita Food Industries through Quantum Invest BV.
South African billionaire Michiel Le Roux loses $55 million in just 4 days
Le Roux owns an 11.39-percent stake in Capitec Bank.
Nigerian billionaire Abdul Samad Rabiu donates $2.5 million to reconstruct mosque
Rabiu, Nigeria’s second richest man, is a devoted muslim and one of Africa’s most generous philanthropists.
South African-born billionaire Patrick Soon-Shiong gains $220 million
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
South African exec Kennedy Bungane-led African Bank expands with $170-million Sasfin unit acquisition
This acquisition follows African Bank’s earlier acquisition of Grindrod Bank and Grindrod Financial Holdings.
Moroccan tycoon Anas Sefrioui to produce limestone calcined clay cement in West Africa
Moroccan businessman Anas Sefrioui is the founder of Casablanca-based property developer Douja Promotion Groupe Addoha (ADH).
South African tycoon Markus Jooste receives 20-year ban from holding directorship in JSE-listed companies
Jooste, 62, is a South African businessman and the former CEO of Steinhoff International.
Gbenga Agboola’s Flutterwave joins forces with Microsoft to boost financial inclusion in Africa
Agboola, co-founder and CEO of Flutterwave, expressed the company’s excitement in partnering with Microsoft to accelerate financial inclusion in Africa.
Nigerian executive Karl Toriola earns $2.6-million salary from MTN Group
A seasoned Nigerian business executive, Karl Toriola, took the helm as the CEO of MTN Nigeria in October 2020
Patrice Motsepe’s ARC increases stake in freight platform Linebooker
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
Led by Morocco’s wealthy Tazi family, pharma company Sothema looks to East Africa for growth
Sothema is controlled by the multimillionaire Tazi and Berrada families, who hold a combined stake of more than 70 percent.
Cameroon’s richest woman Kate Fotso launches new hospitality company
Fotso is the founder and current CEO of Telcar Cocoa, Cameroon’s largest cocoa export company for more than 30 years.
Nigerian insurance tycoon Wole Oshin gains $1.3 million from Custodian stake
Due to these recent gains, Oshin has solidified his position as one of the wealthiest investors on the Nigerian Exchange.