Egyptian tycoon Hisham Talaat Moustafa gains $59 million from TMG shares
This significant upswing not only solidifies Moustafa’s status as one of the most influential investors on the EGX, but also elevates him to the ranks of Africa’s billionaires.
Nigerian-born British boxer Anthony Joshua rakes in $83 million over past year
This has propelled him into the ranks of the world’s highest-paid athletes, according to the 2024 Forbes list.
Oriental Weavers, under Egyptian tycoon Yasmine Khamis, plans investment in education
The announcement came from Yasmine Khamis on the sidelines of the United Nations Global Compact Annual Forum hosted by the UNGCNE.
Algerian-born French entrepreneur Sue Nabi loses $33.6 million from Coty stake
Despite this setback, Sue Nabi remains a pivotal figure in the beauty industry.
Streaming giant Netflix buys 50 Cent’s documentary on Diddy sexual assault allegations
G-Unit Film & Television, 50 Cent’s production company, confirmed Netflix secured the rights after a bidding war among streaming services.
Meet Bella Disu: Nigerian business executive leading one of Africa’s largest telecom companies
Under Bella Disu’s leadership, Globacom has positioned itself as Nigeria’s largest provider of digital services.
South African tech mogul Zak Calisto gains $56 million from Karooooo shares
Zak Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company
Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for Northern Coast project
Under Yasseen Mansour’s leadership, Palm Hills reported a $51.1 million profit at the end of its 2023 fiscal year, reflecting a robust 25.9 percent year-over-year increase.
Beyond the game: 5 Black athletes make Forbes’ top 10 highest-paid list
Black athletes are leading the charge, with five securing spots among the world’s top ten. They collectively earned $551.7 million.
Flutterwave hits $3.2 billion valuation under Nigerian tech entrepreneur Olugbenga Agboola
Under the leadership of Agboola, Flutterwave continues its mission to connect Africa to the world and vice versa by simplifying payments.
Moroccan businessman Anas Sefrioui gains $29.9 million from ADH stake
Key Points: Moroccan businessman Anas Sefrioui, the majority shareholder of prominent Casablanca-based property developer Douja Promotion Groupe Addoha (ADH), has seen his…
UAE group offers $558 million for stake in Egyptian billionaire family’s electric company
Founded in 1938 by the El-Sewedy family, Elsewedy Electric has become a major force in the electrical equipment manufacturing sector.
Nigeria to end petrol imports by June, says Africa’s richest man Aliko Dangote
Dangote said Nigeria could halt premium motor spirit (PMS), or petrol, imports by next month thanks to the Dangote Oil Refinery.
One of America’s richest Black CEOs, Craig Arnold gains $5 million from Eaton stake
Arnold’s stake in Eaton Corporation has experienced a $5.04-million boost in the market value, thanks to the recent rise in the company’s stock price.
South African billionaire Christo Wiese’s Shoprite stake nears $1 billion again
South African billionaire Christo Wiese has seen the value of his stake in Shoprite Holdings, Africa’s largest grocer, surge over the past…
Companies linked to Africa’s first Black billionaire donate $1.2 million to South African parties
Recent disclosures reveal that companies linked to Motsepe donated heavily across the political spectrum in the first quarter of 2024.