South African billionaire Christo Wiese’s Brait to list Premier on JSE on March 24
Wiese derives the majority of his fortune from Shoprite.
Featured
5 South African billionaires at risk of losing millions of dollars as rand depreciates against U.S. dollar
The depreciation of the rand could potentially threaten the net worth of South African billionaires and millionaires.
Meet Mounir Nakhla, the Egyptian entrepreneur behind Egypt’s first billion-dollar private tech firm
Nakhla has a strong vision to enhance financial inclusion and women’s economic empowerment through micro-finance.
Meet 14-year-old Nigerian-British model making waves as Forbes’ youngest Under 30 Europe honoree
Jordan Oguntayo is a young Nigerian-British model whose work ethic is unmatched.
Hitesh Anadkat poised to become Malawi’s richest man as net worth surges by $50 million
Anadkat’s influence in the African business landscape extends beyond his stake in FMB Capital.
Adidas takes $763-million hit in Q4 following Kanye West’s exit
Adidas executives remain confident despite the underwhelming results.
South African billionaire Patrice Motsepe to pocket $67.1 million dividend from ARM
Motsepe owns a 39.7-percent stake in the diversified mining group.
Meet Byron Allen: The African-American media mogul seeking to buy a controlling interest in BET
Allen is a force to reckon with in the media industry.
Nigerian tech billionaire Gbenga Agboola splashes $7.1 million on luxurious Miami home
Agboola’s net worth is reported to be in the billion-dollar range.
African-American billionaire Tyler Perry in Talks to acquire majority stake in BET
Perry owns a minority stake in BET Media Group, as well as BET+.
Greek businessman John Coumantaros gains $25.6 million from stake in Flour Mills
Coumantaros, a Nigeria-based Greek businessman, controls 63.34 percent of Flour Mills.
Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Nigerian energy titans Orjiako, Avuru to pocket $6.46 million in dividends
Orjiako and Avuru are the founders of Seplat Energy.
Adidas faces $10-million loss as Beyonce’s Ivy Park fails to meet expectations
Beyonce’s success extends beyond her music empire.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.