South African executive Mike Schmidt earns $4.5-million salary at ARM in 2022
Schmidt was CEO and executive director at ARM from 2011 to 2023. During his tenure, he led ARM to impressive financial milestones.
Aga Khan IV takes $2.5-million hit from stake in Nairobi-based insurer Jubilee
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
World’s richest Black woman donates $2.5 million to U.S. Dream Academy
Winfrey’s latest pledge is a testament to her commitment to the organization’s cause and marks a significant milestone in her continued support.
Egyptian billionaire Ahmed Ezz takes $36.5-million loss from Ezz Steel stake
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
South African tycoon Andre Du Plessis becomes $11 million richer as Capitec shares soar
Du Plessis, a prominent South African businessman, owns a beneficial 0.78-percent stake in Capitec Bank.
Hitesh Anadkat, one of Malawi’s richest men, loses $64 million in two days
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Pick ‘n Pay, led by South African Ackerman family, launches food waste reduction initiative
This initiative underscores the Ackerman family’s commitment to reducing food waste and promoting sustainability in South Africa’s retail landscape.
Ethiopian billionaire Mohammed Al-Amoudi looks to sell oil refiner Preem
Preem, which Al-Amoudi controls, has more than 550 petrol stations and two refineries in Gothenburg and Lysekil,
Namibian businessman Quinton van Rooyen rakes in $6.25 million
Van Rooyen, who owns a 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s wealthiest men.
South African banker Ciko Thomas earns $1.5-million salary from Nedbank in 2022
Thomas has effectively held the reins as group managing executive for retail and business banking at Nedbank Group since his appointment in 2016.
U.S. billionaires team up with Africa’s richest man to back $500-million Africa-focused fund
American billionaires David Rubenstein and Bill Conway are not the only heavyweights participating in this venture.
Kenyan multimillionaire tech entrepreneur Njeri Rionge dies at 54
Rionge was one of Kenya’s most successful female entrepreneurs and a co-founder of Wananchi Group, one of Kenya’s largest companies.
Egyptian billionaire Naguib Sawiris’ Orascom Investment sells Brazilian subsidiaries for $17.8 million
Orascom Investment Holdings, which is controlled by Sawiris, will use the proceeds to develop tourist destinations.
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.
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.
4 companies owned by Kendrick Lamar
Beyond his groundbreaking contributions to the music industry, Lamar subtly and strategically diversifies his financial portfolio.