Black executive Denise Singleton earns $5.9-million salary from WestRock in 2022
She also received a long-term incentive of $4.86 million.
Kenyan businessman John Kimani loses $1.43 million from Kakuzi shares
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
South African tycoon Jannie Mouton gains $31 million in 6 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Fintech tycoon Ashraf Sabry’s Fawry and POS Mission link up to boost Egypt’s hospitality sector
Founded in 2008 by Sabry — its CEO — Fawry has become a leading Egyptian e-bill payment platform.
South African tycoon Gus Attridge gains nearly $8 million in 16 days
Attridge, Aspen’s group chief advisor who ranks as one of JSE’s richest investors, owns a 4.26-percent stake in the pharma group.
Black executive Kenneth Frazier earns $8.5-million salary from Merck & Co.
Breaking down the nuances of Frazier’s 2022 compensation and examining the impact of his transition from CEO to executive chairman.
Moroccan real estate mogul Alami Lazraq gains $10.7 million in 18 days
Lazraq, who founded Alliances Group in 1994, owns a 51.7-percent stake, amounting to 11,410,669 in the group’s publicly traded subsidiary, ADI.
South Africa’s richest man Johann Rupert gains $1.1 billion in 13 days
Rupert’s net worth, now standing at $12.6 billion, reflects an increase from $11.5 billion nearly two weeks ago.
Legal battles cast shadow over late Kenyan President Moi family’s vast estate
The extensive estate left by the late Kenyan President Daniel arap Moi, the nation’s second-largest landowner, is entangled in a series of legal battles.
Tunisian tycoon Abdelwaheb Ben Ayed rakes in $1.73 million from Poulina shares
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
Namibian businessman Quinton van Rooyen suffers $21.4-million loss in 34 days
Van Rooyen’s stake in Trustco has declined by $21.37 million since Nov. 14.
Black CEO Alfred Liggins earns $7.7-million salary from Urban One in 2022
Liggins — the only child of Cathy Hughes, the founder of Urban One — received a compensation package comprising a base salary of $1.25 million.
Egyptian billionaire Ghabbour family gains $49 million in 22 days
This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.
Moroccan billionaire Othman Benjelloun suffers $53-million loss from Bank of Africa stake
Benjelloun, who ranks as Morocco’s second-richest individual, owns a significant 27.41-percent stake in Bank of Africa.
UAE-based firm linked to Samih Sawiris nears 90-percent acquisition of OFH in $137.5-million deal
Sawiris owns a 9.2-percent stake in UAE-based investment firm, B Investments.
Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.