Cameroon’s richest woman Kate Fotso suffers decline in cocoa business
Fotso is the current CEO of Telcar Cocoa, Cameroon’s largest cocoa export company.
4 businesses owned by Lewis Hamilton
Hamilton has won seven World Drivers’ Championships, tying with Michael Schumacher, and holds records for the most wins in Formula One,
Kenyan banker Gideon Muriuki spends $1.2 million acquiring new Co-op bank shares
Muriuki had once held a two-percent stake in Co-op Bank, but after selling some shares in 2020, his stake had dropped to 1.75 percent.
5 assets owned by South African businessman Vivian Reddy
Despite a low-key public presence, Vivian Reddy remains a prominent figure in South African business circles.
Nigerian businessman Tony Elumelu loses $3.2 million in 11 days from UBA stake
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
America’s second-richest Black man David Steward gains $2.74 billion in two months
Steward is now ranked as the 259th richest person in the world, according to the Bloomberg Billionaires Index.
Bank led by Nigeria’s richest banker, Jim Ovia, posts $370-million half-year profit
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
Irma Stern’s ‘Praying Arab’ painting from Zanzibar set for auction in Cape Town
‘Praying Arab’ stands as a remarkable representation of Stern’s distinctive style during her golden period, roughly spanning from 1933 to 1948.
5 companies owned by Nigerian energy magnate Austin Avuru
Billionaires.Africa has cataloged companies owned by and linked to Avuru. Here are five companies under his direct or indirect ownership.
Shoprite, linked to South African billionaire Christo Wiese, sees profits soar to $308 million
Wiese, an influential figure in the retail sector, holds an 11.58-percent stake in Shoprite, valued at over $900 million.
10 companies owned by Will Smith
Smith is one of the most successful actors of his generation, grossing in excess of $4 billion for his movies.
Egyptian tycoon Hend El-Sherbini hit by $25-million loss in IDH investment
El-Sherbini remains one of Egypt’s richest businesswomen and one of the top investors on the Egyptian Stock Exchange.
Racism claim: Billionaire mogul Sean ‘Diddy’ Combs floors Diageo in court
Throughout his association with Diageo, Combs is reported to have earned nearly $1 billion.
10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
South African tech tycoon Zak Calisto gains nearly $35 million in 18 days
The recent surge in Calisto’s stake is noteworthy, considering he suffered a substantial loss of $18.71 million between Aug. 1 and 21.
Nigerian tycoon Fidelis Ayebae gains $1.4 million from investment in Fidson
The recent gains solidify Ayebae’s position as one of Africa’s pharmaceutical industry magnates.