Pick ‘n Pay, led by South African Ackerman family, registers $64 million in profit in 2023
The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Jim Ovia’s Zenith Bank surpasses expectations with $143 million in profit in Q1 2023
Ovia is a major shareholder in Zenith Bank, holding a substantial 16.2-percent stake, or 5,072,104,311 ordinary shares.
Herbert Wigwe’s Access Holdings to shake up Europe with launch of French unit
Access Holdings is a pan-African financial services conglomerate.
Aliko Dangote Foundation promises support for stranded Nigerians in Sudan
In recent years, the Aliko Dangote Foundation has emerged as a prominent humanitarian force not only in Nigeria but across Africa.
Nicky Oppenheimer’s net worth surges above $700 million in 2023
The recent increase in Oppenheimer’s net worth builds on his gains in 2022 when his net worth increased by $75 million.
U.S. court orders disgraced South African tycoon to pay $3.4 billion for forex fraud
The alleged victims include about 23,000 people from the United States — more than 1,300 of whom are from Texas.
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
Abdelwaheb Ben Ayed’s Poulina Group surpasses $320 million in revenue in Q1 2023
Ben Ayed is one of the wealthiest investors on the Tunis Stock Exchange.
Ugandan pharma tycoon Emmanuel Katongole’s stake in CiplaQCIL now worth $1.9 million
CiplaQCIL’s total assets have surpassed $64 million.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
Gideon Muriuki-linked CIC resumes repayment of $33.2 million loan
Muriuki holds the largest individual shareholder in CIC Group with a 5.27-percent stake.
Swazi billionaire Natie Kirsh’s fortune rises by $72.9 million, cementing status as one of Africa’s richest men
Kirsh has seen his net worth drop by $72.9 million since the start of the year.
Former SportPesa chair Paul Ndung’u faces jail time for contempt of court
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.