Egyptian court clears billionaire of pop star lover’s murder
Moustafa had been sentenced to 15 years for his role in the 2008 murder of pop star Suzanne Tamim.
Botswana businessman Farouk Ismail faces $3-million loss from Choppies stake
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
South African banker Mike Brown earns $2.3-million salary from Nedbank in 2022
Brown is the CEO of NedBank Group, one of the continent’s most valuable financial services groups.
Abducted Indian-Kenyan Sugar billionaire Jaswant Singh Rai released
Kenyan sugar tycoon Jaswant Singh Rai has been released two days after his abduction.
U.S. music mogul Sean ‘Diddy’ Combs donates $1 million to university
Combs is set to present Jackson State University with a $1-million gift to boost their football program.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
The 7 richest women on the Nigerian Stock Exchange
Billionaires.Africa presents the seven wealthiest female investors on the Nigerian Stock Exchange as at Aug. 25, 2023.
Kenya’s second-largest landowners, Moi family, grapple with legal bills
The Moi family, which commands significant influence across business and politics, has emerged as one of Kenya’s richest families.
Egypt’s richest man Nassef Sawiris loses $540 million in 25 days
Sawiris remains not only the richest man in Egypt but also the most affluent individual in the Arab world.
10 companies owned by Senegal’s richest man, Yerim Sow
Sow, Senegal’s richest man, is the founder of Teyliom Group.
Aiteo Group counters with concrete facts baseless allegations against its founder and CEO — Nigerian billionaire Benedict Peters
In a world where misinformation can spread at an alarming pace, the responsibility of credible journalism becomes paramount.
Africa’s first Black billionaire Patrice Motsepe proposes BRICS visas targeting entrepreneurs
Motsepe acknowledged governments’ legitimate reservations about safeguarding their sovereignty while fostering economic growth.
Moroccan billionaire Said Alj’s Unimer Group posts $61.6-million revenue in H1
Alj, a highly influential businessman in Morocco, is the founder of Unimer which exports the “Titus” brand of canned sardines.
Wealthy Kenyan Ndegwa family suffers over $3-million loss in single day
The Ndegwa family, which was involved in the merger of NIC Bank Group and Commercial Bank of Africa Group in 2018, owns a 14.94-percent stake in NCBA Group.
South African executive Anton De Bruyn’s salary at Shoprite amounts to $1 million
De Bruyn’s 2022 compensation package comprises a secure base pay of $323,500 and a performance-based short-term incentive of $260,000.