Cameroonian banker Alain Nkontchou rakes in $1.8 million from Ecobank stake
Nkontchou is one of the richest investors on the Nigerian Exchange and one of Cameroon’s wealthiest banking executives.
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Africa’s youngest billionaire to invest $100 million in four Rwandan firms
Dewji, whose net worth stands at $1.5 billion according to Forbes is Tanzania’s wealthiest man and the youngest billionaire on the continent.
Indian billionaire Hinduja family vows to pour billions into Nigeria’s auto industry
The Indian Hinduja family, with a total wealth of £35 billion ($43.7 billion) as of May 2023, is the richest family in the United Kingdom.
South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
German billionaire Clemens Tönnies to set up meat processing company in Namibia
Tönnies is a co-owner of Tönnies Holding ApS & Co, an international food-processing company and one of Germany’s largest companies.
Zimbabwe’s richest man Strive Masiyiwa’s wealth soars by $600 million in 2023
With a diverse and expanding portfolio, Masiyiwa continues to demonstrate his ability to adapt to changing market dynamics.
Nishlan Samujh: 48-year-old South African tycoon with $2.2-million stake in Investec
Samujh’s journey is not just a story of personal financial success but a testament to his strategic prowess in propelling Investec to new heights.
Cameroonian billionaire Paul Fokam initiates arbitration against DRC over Afriland subsidiary
Fokam is the majority shareholder of Afriland First Group.
Nigerian businessman Tony Elumelu gains $3 million in 32 days from UBA stake
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
Egyptian billionaire Mohamed Al-Fayed dies at 94
Al-Fayed was a former owner of Harrods department store and father of Dodi Fayed, who perished alongside Princess Diana in a 1997 car crash.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to reduce cement prices
Rabiu’s statement follows a strategic agreement between BUA Cement Plc and Sinoma International Engineering Co., Ltd.
Nigerian multimillionaire Ladi Jadesimi pockets $470,000 Aradel Holdings dividend
Jadesimi, who is the founder of Lagos-based LADOL, owns a 4.7-percent stake in Aradel Holdings, an oil-producing company.