Adidas share price slump costs Egypt’s richest man $300 million in a single week
Sawiris remains the richest man in Egypt and the Arab world.
Egyptian billionaire Naguib Sawiris supports brother’s decision to relocate investments to Saudi Arabia
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Zenith Bank CEO Ebenezer Onyeagwu invests in bank’s future with 8 million new shares
Onyeagwu’s stake in Zenith Bank has increased from 0.26 percent, or 82,176,078 shares, to 0.29 percent, or 90,176,078 shares.
Johann Rupert’s Richemont smashes expectations with $4.25 billion in profit in 2023
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
Kenyan banker Gideon Muriuki receives $2.1 million in remuneration in 2022
Muriuki has seen a 7.9-percent rise in compensation due to outstanding performance.
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Kenyan banking magnate Gideon Muriuki’s stake in Co-op Bank is now worth $11 million
Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
Joseph Siaw Agyepong’s group, ZeroNox, unite for fleet retrofit electrification project
Agyepong founded Jospong Group as a printing press in 1995. Today, it has become one of the largest conglomerates in Ghana.
Ken Sharpe’s WestProp unveils training program after raising $3.3 million
Sharpe has established himself as a key figure in Zimbabwe’s real estate sector, thanks to his success as a dominant player in the market.
Piet Mouton’s stake in Capitec yields $10 million in dividends amid robust growth
Capitec Bank was founded more than 20 years ago by Michiel Le Roux, Riaan Stassen, and Piet Mouton’s father, Jannie Mouton.
Zimbabwean tycoon Paddy Zhanda’s wealth surges by $10 million in 2023
Zhanda owns an 8.08-percent beneficial stake in Masimba Holdings.
Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $20 million in 48 days
With a 43.16-percent stake in TMG, Moustafa ranks among the richest investors on the Egyptian Exchange.
South Africa’s richest man Johann Rupert takes a hit, loses $229 million in 24 hours
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
FMB Capital shares boost Hitesh Anadkat’s fortune by $44 million, making him one of Malawi’s richest
Anadkat’s wealth gains even further cement his position as one of Malawi’s top 10 richest businessmen.
Moroccan tech tycoon Hassane Amor loses $4 million in just 83 days
Amor founded Microdata in 1991 and has played a critical role in the growth and expansion of the Moroccan technology sector.
Tanzanian tycoon Ally Awadh’s Lake Steel reveals plans to ramp up capacity
Under Awadh, Lake Group has become one of Africa’s fastest-growing energy, logistics, and construction supply material conglomerates.