Whitey Basson: South African tycoon who turned Shoprite into a retail giant
Basson’s tenure at the helm of Shoprite marked a remarkable era that redefined the retail landscape through innovative strategies.
Featured
Wealthy Ndegwa family of Kenya acquire $2.77-million stake in property fund
This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
Indian billionaire Sunil Mittal’s Airtel Uganda plans IPO
Airtel Uganda, which is a subsidiary of Bharti Airtel controlled by Mittal, has 14.3 million active subscribers across 146 districts in Uganda.
19-year-old tennis star Coco Gauff earns $15.2 million, joining world’s top earners
Gauff’s earnings, amounting to $15.2 million, cement her position as one of the world’s top-earning black individuals.
7 companies owned by Zimbabwe’s richest man, Strive Masiyiwa
With an enduring legacy spanning two decades, Masiyiwa has redefined telecommunications in Africa.
Tony Elumelu’s wealth skyrockets with Transcorp stake closing in on $100 million
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
Credit Bank, owned by Kenya’s wealthy Nyachae family, set to list on Nairobi bourse
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
7 companies owned by Nigerian multimillionaire Tunde Folawiyo
Folawiyo’s impact extends beyond the Yinka Folawiyo Group. His extensive leadership journey has significantly impacted various companies.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
Nigerian billionaire Femi Otedola’s Geregu Power gains GCR’s confidence with stable outlook
Under Otedola’s guidance, Geregu Power has become a leading player in Nigeria’s power industry.
Aiteo Group counters with concrete facts baseless allegations against its founder and CEO — Nigerian billionaire Benedict Peters
In a world where misinformation can spread at an alarming pace, the responsibility of credible journalism becomes paramount.
Indian billionaire Anil Agarwal vows to pay $250-million Zambia debt
Agarwal’s Vedanta Resources owns the Konkola Copper mine in Zambia which was seized by former President Edgar Lungu.
Kenyan billionaire Narendra Raval faces sanctions for inflating steel prices
The Competition Authority uncovered evidence of price fixing, where nine companies, including Raval’s Devki Steel Mills, collaborated to collectively set prices.