Despite the recent setback, Motsepe retains his position as the wealthiest Black individual in Southern Africa.
Billionaires Africa
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South African exec Kennedy Bungane-led African Bank acquires Sasfin Bank’s unit in $166-million deal
Under the leadership of Kennedy Bungane, African Bank Limited has experienced massive growth, becoming one of the fastest-growing financial services providers in …
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Nigerian entrepreneur Emmanuel Okeleji’s SeamlessHR processes $311-million payroll across Africa in 2023
Under the leadership of Okeleji, CEO and co-founder, SeamlessHR remained the go-to partner for businesses across various sectors.
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South African tycoon Giovanni Ravazzotti’s Italtile posts $250 million in half-year revenue
Italtile, controlled by Ravazzotti, recorded revenue amounting to $250.01 million in the first half of its 2024 fiscal year, highlighting operational resilience.
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Financial loss forces delisting of Arbico, owned by Nigerian gambling magnate Kessington Adebutu
The company has engaged with regulatory authorities and stakeholders in the decision-making process and has initiated necessary procedures to ensure a smooth …
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Perry reportedly expressed reservations about AI’s impact on creative storytelling and its ability to replicate the human touch in filmmaking.
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The media’s narrative craftsmanship shines through in the saga of dos Santos, where the portrayal of Africa’s former richest woman ascends into …
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This Week In Review: A Snapshot of African Wealth Dynamics — From Mahloele’s Capitec Triumph to Rabiu’s Generous Gesture, and Alabbar’s Zimbabwe Vision (Feb. 19 to 23)
Discover a week of strategic wins in Africa: Mahloele’s Capitec gains, Rabiu’s salary boost at BUA, and Alabbar’s Zimbabwe exploration.
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Daniel McKorley’s key recommendation was the establishment of a global consortium to ensure a steady pharmaceutical salt supply.
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The move highlights the diversified nature of its business, extending beyond financial services.