South African tycoon Jannie Mouton makes $95 million in 22 days from Capitec stake
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Ethiopia’s richest man Mohammed Al-Amoudi secures spot among world’s 300 richest individuals
Apart from his stake in Preem, Al-Amoudi maintains shares in Midroc Gold, Svenska Petroleum Exploration, Samir, and Okote Gold.
Phuthi Mahanyele-Dabengwa: South African businesswoman leading Naspers’ $4-billion SA unit
From her roots as a determined 17-year-old to becoming a global business icon, Mahanyele-Dabengwa’s story is a testament to resilience and visionary leadership.
Nigerian mogul Wale Tinubu’s Oando secures $800-million deal for strategic oil assets acquisition
This strategic move is set to play a pivotal role in the acquisition of a 20-percent participating interest in the Nigerian Agip Oil Company.
South African tycoon Johan Burger scores $2.6 million gain from FirstRand stake
Burger owns a minority 0.11-percent stake, equivalent to 6,000,000 ordinary shares, in FirstRand.
Egyptian billionaire-led construction giant to invest $200 million in projects across Tanzania, Ghana, and beyond
The agreement was signed by Mohy Eldin Abdin, group CFO of Hassan Allam Group, and Kanayo Awani, executive vice president of Intra-African Trade Bank at Afreximbank.
South Africa’s richest man Johann Rupert makes $700 million in 24 hours
The sudden boost in his wealth is attributed to the recent pullback in the share price of Richemont, a leading luxury goods group where Rupert holds a substantial stake.
Energy group led by Egyptian exec Pakinam Kafafi records $12 million in profit in 9 months
TAQA Arabia remains resilient under Egyptian executive Pakinam Kafafi despite escalating operating costs.
Glencore-led by South African exec Gary Nagle to acquire stake in coal business in $6.9-billion deal
Expressing satisfaction with the acquisition, Glencore CEO Gary Nagle highlighted the complementarity of Elk Valley’s assets with Glencore’s existing coal production.
South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
Tripoli-born American executive Nazzic Keene receives $8.6-million salary from SAIC in 2023
The impressive compensation package underscores Keene’s contribution to the company’s growth until her decision to step down from the CEO position.
Nigerian tycoon Mike Adenuga holds ground among world’s top 900 billionaires despite early 2023 setback
With a net worth of $3.3 billion, Adenuga holds the title of the third-richest billionaire in Nigeria.
4 companies linked to U.S. top Black executive Thasunda Brown Duckett
Duckett’s illustrious career includes transformative roles as the CEO of JPMorgan Chase Consumer Banking.
South African tycoon Sipho Nkosi steps down from Sasol
Nkosi, a stalwart in South Africa’s business arena, has left an indelible mark on the corporate landscape, having held pivotal roles on the boards of companies.
South African billionaire Johann Rupert’s Richemont posts $2.3-billion half-year profit
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
Femi Otedola cements position among Africa’s richest as portfolio exceeds $1.2 billion
With a diverse portfolio and impactful investment strategy, Otedola has become the third-richest investor on the Nigerian Exchange.