Top 10 richest people in Tanzania
Billionaires.Africa ranks Tanzania’s 10 richest individuals, highlighting their investments, influence, and impact on the nation’s economic transformation.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
How Africa’s billionaires lost billions: 5 costly investment blunders
Even billionaires make costly mistakes—overleveraging, overexposure, disruption, misjudgment, and poor due diligence can erase fortunes in months.
Moroccan businessman Alami Lazraq’s real estate stake falls below $700 million
The decline comes after a strong run earlier this year. Between Feb. 11 and 19, the value of Lazraq’s holding jumped by $89.7 million.
Access Bank, linked to Aigboje Aig-Imoukhuede, partners with stakeholders on renewable energy
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.
Egyptian businessman Ahmed Ezz gains nearly $45 million from Ezz Steel stake
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.
Moroccan businessman Anas Sefrioui’s stake in ADH tumbles below $800 million
This recent setback adds to Anas Sefrioui’s previous losses, with his stake in ADH declining by $30 million between May 21 and 27.
Kenyan tycoon Gideon Muriuki buys 20 million shares in CIC Insurance Group
Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
Top Black executive Marvin Ellison loses $3.8 million from Lowe’s shares
Despite the decrease, Ellison remains one of the wealthiest Black CEOs in the United States and a prominent figure among global Black CEOs.
Moroccan pharma tycoon Lamia Tazi gains $3 million from Sothema stake in 28 days
This underscores Lamia Tazi’s leadership and strategic vision in steering Sothema to new heights in the competitive pharmaceutical industry.
Egyptian billionaire Ghabbour family gains $20.7 million in 16 days
This surge has pushed the group’s market cap above $255 million, delivering substantial gains to shareholders, including the wealthy Ghabbour family.
Egyptian tycoon Medhat Khalil earns $4.2 million in just 12 days
As a result of the double-digit share price increase, the market value of Medhat Khalil’s stake has risen to $28.89 million from $24.66 million.
Moroccan billionaire Anas Sefrioui loses $30 million as ADH stock drops
While Sefrioui’s fortune has dipped by over $30 million in recent weeks, it’s important to note that ADH remains a strong performer year-to-date.
Edita Food shares surge, boosting Hani Berzi’s stake by $17.2 million
While Berzi’s stake in Edita Food has climbed recently, investors should be cautious. Year-to-date, the share price is down 3.88 percent.
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