Namibian tycoon Quinton van Rooyen’s Trustco commences $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in Trustco Group.
Tanzania’s richest man Mohammed Dewji secures land in Rwanda
Dewji is the visionary leader behind MeTL Group, a Tanzanian conglomerate with a diverse portfolio of more than 150 products.
Gold mine revamp led by South African tycoon Neal Froneman puts 2,970 jobs at risk
Froneman holds a minority 0.3-percent stake in Sibanye-Stillwater, equivalent to 8,382,849 ordinary shares.
South African tycoon Pieter Engelbrecht pockets $2.6-million salary from Shoprite
Since assuming the mantle of CEO in January 2017, Engelbrecht has led Shoprite to impressive financial milestones.
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $6 billion
Sawiris primarily holds his wealth in cash and closely held assets, amassed from the sale of his stake in Russian telecom company Vimpelcom.
South African banker Jason Quinn’s salary at Absa amounts to $1.8 million
Quinn also owns a minority stake of 0.012 percent, amounting to 99,814 shares in the financial services giant.
South African tycoon Jannie Mouton suffers $3.7 million loss from Capitec stake
Jannie Mouton is renowned for Co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in Capitec Bank
Egyptian tycoon Hisham Talaat Moustafa unveils $10.7-billion smart city project in Riyadh
Hisham Talaat Moustafa stressed TMG’s eagerness to share its expertise in creating integrated urban projects with Saudi Arabia.
Africa’s doyen of accounting, Akintola Williams, dies at 104
Williams also played a pivotal role in establishing the Nigerian Exchange and served as the first president of ICAN.
Nigeria’s second-richest man Abdul Samad Rabiu’s gains $1.2 billion in 45 days
Rabiu’s fortune has taken a remarkable turn, with his net worth bouncing back by more than $1 billion.
12 inspirational quotes from the late South African tycoon Raymond Ackerman
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Nigerian billionaire Olugbenga Agboola’s Flutterwave expands reach to India
Agboola believes this expansion will usher in an era of smoother financial transactions between the two regions.
Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
Cameroonian banker Alain Nkontchou rakes in $1.8 million from Ecobank stake
Nkontchou is one of the richest investors on the Nigerian Exchange and one of Cameroon’s wealthiest banking executives.
Moroccan pharma tycoon Lamia Tazi’s year-to-date loss exceeds $17 million
Tazi, the CEO and chairperson of Sothema, owns a substantial 8.4-percent stake in the leading healthcare company.