Led by Peter Ashade, United Capital rakes in $5.3 million in profit in Q1 2023
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Botswana tycoon Gulaam Abdoola’s Turnstar projects record earnings of over $10 million
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Tunisian auto mogul Moncef Mzabi gains $1.85 million from stake auto retailer
Mzabi owns 24.5 percent of Artes.
Sasol, led by Fleetwood Grobler, takes bold steps into energy transition
Grobler has a minority stake in the South African integrated energy and chemicals conglomerate.
Abdul Samad Rabiu donates $11.8 million to 22 Nigerian institutions
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Cape Town-based entrepreneur Rahul Jain’s fintech firm raises $31 million
Peach Payments processes more than $54.6 million per month for its merchant.
Mohamed Al Fayed’s net worth surges by $100 million in 60 days
Al Fayed’s net worth has risen by $100 million since the start of 2023.
Kenyan businessman John Kimani-linked Kakuzi creates 188 new jobs in 2022
Kakuzi Plc is an agricultural cultivation and manufacturing firm.
South African billionaire Saltzman family gains $42 million in 25 days
The Saltzman family owns a beneficial 45.2-percent stake in Dis-Chem Pharmacies.
Hend El-Sherbini’s IDH hit by profit decline, sees earnings dip below $18 million
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
Gold magnate Ketan Patel gains $1.17 million from stake in Tanzania-based miner
Patel presently holds a 4.22-percent stake in the Tanzania-based mining company.
Safwan Thabet’s Juhayna smashes expectations with $20-million profit
Juhayna Food Industries is majority-owned by renowned Egyptian businessman Safwan Thabet.
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Moroccan businesswoman Lamia Tazi’s Sothema records over $27 million in profit in 2022
Tazi owns a significant 8.4-percent stake in Sothema.