Egyptian tycoon Medhat Khalil hit by $8.5-million loss in Raya Holding stake
Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape.
7 companies owned by Stephen Curry
Stephen Curry, the NBA’s highest-paid player, has deployed his fortune into building a successful business empire.
5 companies owned by Nicky Minaj
Minaj is among the best-selling artists, selling over 100 million records globally. She’s the leading female rapper of the 2010s and one of the all-time greats.
U.S. group to earn $13.5 million in deal with Kenyatta family-linked lender, NCBA
Through their late patriarch’s estate, the Kenyatta family maintains a significant 13.2-percent stake in NCBA Group, equivalent to 217,497,023 ordinary shares.
South African-born billionaire Patrick Soon-Shiong loses $250 million
Despite the recent financial setback, Soon-Shiong’s influence in the medical field and his entrepreneurial spirit remain undiminished.
Ugandan multimillionaire Mohammed Hamid faces loss of five-star hotel over $160-million debt
Hamid is the founder of Aya Group, which has interests in milling, food manufacturing, commodity trading and hospitality.
Ghanaian liquor tycoon Kwabena Adjei secures new market in Kenya
Kwabena Adjei founded Kasapreko Company Limited (KCL), an indigenous manufacturer and producer of alcoholic and non-alcoholic drinks, in 1989.
7 companies owned by Dwyane Wade
Miami Heat legend Dwyane Wade has built a multimillion-dollar empire in sportswear, wines, television production and baby products.
Egyptian billionaire Ahmed Ezz gains $36 million from stake in steel company
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
South African exec Charles Molapisi earns $1.4-million salary from MTN in 2022
Beyond his executive and governance roles, Molapisi also holds a minority stake in MTN, owning 0.0029 percent of the leading telecom company.
South African exec Richard Wainwright earns $2.7-million salary at Investec in 2023
Wainwright’s dedication and strategic vision have undoubtedly contributed significantly to Investec’s continued success.
7 African women who made a fortune in mining
Meet seven African women who have founded, co-founded, or invested in mining ventures within the continent and accumulated phenomenal wealth.
6 companies owned by 50 Cent
50 Cent’s ventures range from the music industry to consumer electronics, fashion to spirits, and digital platforms to film-making.
5 companies linked to South African executive Josua Malherbe
Beyond his executive and governance roles, Malherbe also owns a total equity stake of 1,178,995 ordinary shares in Remgro.
Wealthy Cameroonian industrialist Nana Bouba launches oilseed processing company
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.
American-Nigerian mogul Sam Darwish’s IHS to deploy 750 towers in Brazil
Founded by Darwish in 2001, IHS Holding retains its position as one of the largest telecom infrastructure groups in terms of tower count.