Egyptian tycoon Safwan Thabet and son freed after two years of detention
Thabet is a well-known Egyptian businessman who founded and previously led Juhayna Food Industries.
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
Beyonce to pocket $24 million from private performance at Dubai’s Atlantis The Royal
Beyonce is one of the richest Black women in the world.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
Dr. Dre sells Calabasas mansion for $6 million
The home boasts six bedrooms and seven baths.
Johann Rupert’s Richemont surpasses $16 billion in sales in 9M 2023
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Nigerian businessman Tony Elumelu reaps $2.36 million in gains from UBA share-price increase
Elumelu owns a significant 6.9-percent stake in UBA.
Sasini, controlled by family of late Kenyan tycoon, invests $6 million in fixed-income securities
The family of late Naushad Merali is the majority shareholder of Sasini Tea.
South African billionaire Christo Wiese’s stake in Shoprite jumps $67 million in 16 days
Wiese owns 11.63 percent of Shoprite Holdings, Africa’s largest retailer.
Elon Musk’s satellite Internet service Starlink to launch in Kenya in Q2
Starlink is the satellite Internet service provided by SpaceX.
African-American VC launches $17-million fund for startups driving demographic change
Woodard made headlines in 2016 when she joined 500 Startups.
South billionaire Koos Bekker gains $50 million as JSE hits all-time high
The South African billionaire controls 0.96 percent of Naspers.
Disgraced South African mogul Markus Jooste barred from boardrooms for 20 years
Jooste was found to have violated listing requirements.
America’s richest Black billionaire Robert Smith’s Vista Equity to buy Duck Creek for $2.6 billion
Smith founded Vista Equity Partners in 2000.
Sawiris family, Egypt’s richest, suffers $800 million net worth loss in 2022
The family’s combined wealth includes the fortunes of Naguib, Samih, and Nassef Sawiris.
South African billionaire Johann Rupert gains $400 million in first week of 2023
Rupert derives most of his wealth from his 9.14-percent stake in Richemont