Namibian businessman Quinton van Rooyen suffers $21.4-million loss in 34 days
Van Rooyen’s stake in Trustco has declined by $21.37 million since Nov. 14.
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Black CEO Russell Stokes earns $6.8-million salary from GE Aerospace in 2022
Stokes’ 2022 compensation package represents a 5.21-percent increase from the prior year’s salary of $6.52 million.
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.
Leeming-led group seals $400-million deal to acquire Emperors Palace owner
To fund this strategic acquisition, Sun International is opting for a strategic infusion of new debt.
Black executive Shundrawn Thomas earns $8.9-million salary from Northern Trust
The accomplished corporate executive received a long-term incentive award of $8.56 million, highlighting his dedication and expertise during his over 18 years of tenure.
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
Black CEO Alfred Liggins earns $7.7-million salary from Urban One in 2022
Liggins — the only child of Cathy Hughes, the founder of Urban One — received a compensation package comprising a base salary of $1.25 million.
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.
Kenyan tycoon James Mwangi suffers $2.1-million loss from Equity Group stake
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
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).
6 companies owned by South African real estate tycoon Steven Herring
With decades of experience and a portfolio exceeding $160 million, Herring ranks as one of the leading figures on the African business scene.
Black executive Jason Tyler earns $4.4-million salary from Northern Trust
Beyond his executive and leadership roles at Northern Trust, Tyler owns a minority 0.02-percent stake in the financial services company.
Egyptian billionaire Ghabbour family gains $49 million in 22 days
This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.
Nigerian banker Herbert Wigwe-led Access Bank ventures into Hong Kong market
Wigwe highlighted the significance of Access Holdings’ presence in the Hong Kong market, emphasizing its potential to boost cross-continental trade.
Moroccan billionaire Othman Benjelloun suffers $53-million loss from Bank of Africa stake
Benjelloun, who ranks as Morocco’s second-richest individual, owns a significant 27.41-percent stake in Bank of Africa.