South African tycoon Jonathan Jawno gains $7.7 million from Transaction Capital stake
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
South African banker Alan Pullinger loses $3 million as FirstRand shares dip
While some banking executives are weathering the storm, Pullinger has seen millions of dollars shaved off his holdings.
Black exec Craig Arnold-led Eaton scores $1.3-billion contract to equip U.S. Army’s next-gen helicopter
The award positions Eaton as a key player in the development of the FLRAA, a cutting-edge military helicopter program designed to replace the U.S. Army’s Black Hawk by 2030.
Black executive Kenneth Frazier loses $6.4 million from Merck & Co. stake
As a result, the company’s market capitalization has fallen below $310 billion, leading to significant losses for shareholders, including Frazier.
Under South African business leader Sim Tshabalala, Standard Bank delivers $2.3-billion headline earnings
Under Tshabalala, the bank continues to reach significant milestones.
South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
Co-op Bank led by Kenyan banker Gideon Muriuki to add 15 branches in 2024 despite digital shift
As Co-op Bank embarks on its ambitious expansion journey, the institution reaffirms its commitment to serving diverse customer needs while leveraging technological innovations.
One of America’s richest Black CEOs, Craig Arnold gains $13.6 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in Eaton Corporation, or 517,061 shares.
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
Egyptian billionaire Samih Sawiris’ firm posts $63.5 million in profit in 2023
Despite Sawiris’ decision to step down as chairman in December 2021, the company continues to thrive, setting new benchmarks in the 2023 fiscal year.
Kenya’s wealthy Merali family gains $1.5 million from Sasini Tea stake in just four days
This surge solidifies the Merali family’s position as prominent investors on the Nairobi Securities Exchange, with their extensive investments establishing them among the wealthiest families in Kenya.
South African exec Arrie Rautenbach guides Absa Group to record $5.3-billion revenue in 2023
Absa Group, a Johannesburg-based diversified financial services provider led by South African banking executive Arrie Rautenbach, achieved a significant milestone in its…
Startup backed by South billionaire Koos Bekker’s Naspers secures $16 million from Standard Bank
The recent funding from Standard Bank is a significant milestone toward achieving this goal and transforming auto financing for traditionally underserved demographics.
Algerian-born tycoon Sue Nabi leads Coty toward stable growth and debt reduction
While addressing the audience at CAGNY, CEO Sue Nabi reiterated Coty’s strategic course and commitment to growth.
South African tycoon Laurie Dippenaar’s FirstRand stake slumps below $340 million
FirstRand’s shares decline by 3.69 percent, market cap dips below the $20-billion mark.
America’s second-richest Black billionaire David Steward gains $300 million in 20 days
Steward’s recent wealth surge underscores his prominence within the technology sector, his investment positions him favorably for continued prosperity in the foreseeable future.