Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
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Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
South African tycoon Andre Du Plessis becomes $11 million richer as Capitec shares soar
Du Plessis, a prominent South African businessman, owns a beneficial 0.78-percent stake in Capitec Bank.
One of Malawi’s richest men, Thom Mpinganjira gains $125 million in 2023
Mpinganjira’s stake in the bank solidifies his position as one of the wealthiest individuals in Malawi and across Southern Africa.
Net worth of Nigeria’s second-richest man Abdul Samad Rabiu surpasses $5.5 billion
With his fortune pegged at $5.54 billion, Rabiu now claims the 444th spot on the global list of the wealthiest individuals.
Hitesh Anadkat, one of Malawi’s richest men, loses $64 million in two days
Anadkat presently holds an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
South Africa’s richest man Johann Rupert loses another $600 million
Despite this recent setback, Rupert retains his status as South Africa’s richest man, ahead of Nicky Oppenheimer.
World’s richest Black woman Oprah Winfrey gains $300 million in just five days
With a net worth of $2.8 billion, Winfrey remains a top figure among the world’s richest Black individuals.
South African billionaire Christo Wiese loses $46 million from investment in Shoprite
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at over $780 million.
Real estate firm led by Egyptian billionaire Yasseen Mansour unveils $2.75-billion venture
Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
Kenyan multimillionaire tech entrepreneur Njeri Rionge dies at 54
Rionge was one of Kenya’s most successful female entrepreneurs and a co-founder of Wananchi Group, one of Kenya’s largest companies.
South African billionaire Michiel Le Roux gains $245 million from Capitec stake
Le Roux owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
South Africa’s Ackerman family loses $35 million in 24 hours as Pick ‘n Pay shares plunge
The Ackerman family owns a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
South African tycoon Adrian Gore takes $37-million loss from investment in Discovery
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.