Orascom, owned by Egypt’s richest family, to construct new $1.4-billion metro system
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
South Africa’s richest man Johann Rupert expresses worry over inflation
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
South African tycoon Johan Burger gains $4.4 million from FirstRand stake
Burger, who has been a director at FirstRand since 2009, owns a beneficial 0.110-percent stake, or 6,000,000 ordinary shares, in the leading financial services group.
10 companies linked to South African businessman Saki Macozoma
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
One of Nigeria’s richest bankers, Herbert Wigwe rakes in $2.7 million in 19 days
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
German billionaire Clemens Tönnies to set up meat processing company in Namibia
Tönnies is a co-owner of Tönnies Holding ApS & Co, an international food-processing company and one of Germany’s largest companies.
Orascom, owned by Egypt’s richest family, to modernize Cairo-Beni Suef rail route
Orascom Construction, an engineering and construction contractor with a primary focus on infrastructure, is led by Egypt’s richest family — the Sawiris family.
Cameroonian billionaire Paul Fokam initiates arbitration against DRC over Afriland subsidiary
Fokam is the majority shareholder of Afriland First Group.
Malagasy tycoon Hassanein Hiridjee’s Axian raises $158.3 million from JP Morgan
Axian Telecom, a subsidiary of Hiridjee’s conglomerate, hopes to use the funds to support its operations in Tanzania and Madagascar.
Uganda-based entrepreneur Kaivan Sattar’s startup acquires Mexican firm FlexClub
Over the six years of its operation, Asaak, under Sattar’s leadership, has facilitated the acquisition of more than 5,000 motorcycles.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to reduce cement prices
Rabiu’s statement follows a strategic agreement between BUA Cement Plc and Sinoma International Engineering Co., Ltd.
Nigerian banker Atedo Peterside’s Stanbic IBTC stake dips by $1 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
Botswana-based tycoon Jonathan Gibson gains $8.5 million in just 15 days
Jonathan Gibson, the deputy chairman of Chobe Holdings, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.
Tunisian tycoon Mehdi Tamarziste’s stake in UBCI surges by $1.6 million
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Neal Froneman says Sibanye will include Chinese partner in Mopani Copper Mines bid
Froneman emphasized that the partnership would materialize once negotiations concluded satisfactorily.