This Week In Review: A Snapshot of African Wealth Dynamics — Legal Issues Pressure dos Santos and Mmobuosi (Dec. 18 to 22)
We take a look at the most significant events in African wealth dynamics over the past week.
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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.
Ralph Mupita-led MTN explores bold move with Elon Musk’s Starlink to strengthen regional growth
Under Mupita’s leadership, MTN Group has soared to new heights.
Zimbabwean businessman John Moxon loses $12.7-million from stake in Meikles
Moxon owns a 10.8-percent stake in the group.
Fall from fortune: Isabel dos Santos denied access to $734 million in UK assets
Once considered Africa’s wealthiest woman, dos Santos was removed from Forbes’ list of the world’s wealthiest people in January 2021.
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.
7 companies owned by South African businessman John Copelyn
Discover his pivotal role in companies like Montauk, HCI, Southern Sun, and more.
Following Abu Dhabi move, firm linked to Egypt’s richest sells stake in U.S. company
Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.
Nigerian businessman Dozy Mmobuosi charged by SEC in alleged massive fraud
The SEC accused him of inflating figures and and engaging in billions of dollars’ of fictitious transactions.
Nigerian tycoon Tony Elumelu’s UBA secures $175-million facility from AfDB
The facility will enhance UBA’s capacity to finance crucial projects in Nigeria, with a focus on infrastructure, agriculture, and related value chains.
Nigerian billionaire’s cement firm commences operations at multimillion-dollar plant line
BUA Cement has solidified its position as Nigeria’s second-largest cement producer.
Burkinabe tycoon Idrissa Nassa’s Coris Bank to acquire Standard Chartered’s Cote d’Ivoire unit
Coris Bank International as established itself as a pivotal player in the West African financial services sector.
Beyonce’s net worth jumps $350 million with creative exploits and historic tour
A key contributor to Beyonce’s financial success is attributed to her recently concluded Renaissance World Tour, which brought in $100 million (post-tax).
This Week In Review: A Snapshot of African Wealth Dynamics — Fortune of Swazi Legend Natie Kirsh On The Rise (Dec. 11 to 15)
A concise look at the most significant events in African wealth dynamics over the past week.
Swazi billionaire Natie Kirsh adds $300 million to his fortune in 14 days
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.