Black executive Rashida La Lande earns $6.4-million salary from Kraft Heinz
La Lande’s 2023 compensation package includes a long-term incentive award of $4.32 million.
Hot News
Beyonce nears $1-billion net worth, joining the world’s wealthiest Black individuals
Beyonce’s net worth has soared to an impressive $800 million, marking a significant increase from $540 million at the start of this week.
Moroccan PM Aziz Akhannouch loses $14.8 million from Afriquia Gaz stake
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
Zimbabwean tycoon July Ndlovu-led Thungela slashes coal production amid rail crisis
The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Court rejects bid by late Kenyan multimillionaire’s son in Naivas share dispute
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
7 companies owned by South African tycoon Jonathan Jawno
With strategic investments in diverse sectors, Jawno’s influence extends to companies like African Phoenix Investments and Stratvest Holding,
South African-born billionaire Patrick Soon-Shiong loses $550 million in 16 days
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Led by South African tycoon Giovanni Ravazzotti, Italtile faces 2.9-percent sales dip in 5 months
Earlier this year, Ravazzotti, recognized as one of South Africa’s wealthiest and most influential business figures, received a substantial windfall of $5.03 million in dividends.
U.S.-Nigerian mogul Sam Darwish’s IHS proposes new terms to keep MTN Towers
Founded in 2001 by Darwish, IHS has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
Nigerian banker Herbert Wigwe gains $12 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
Tony Elumelu rakes in $14 million as UBA becomes a billion-dollar bank
The recent 23.73-percent surge in UBA’s shares over the past 48 days has strengthened its position as one of the most valuable companies on the Nigerian Exchange.
Top Black executive Deon Riley earns $5.9-million salary from Bath & Body Works
Riley brings a seasoned track record in HR leadership and strategic talent management to her role as chief human resources officer at Bath & Body Works.
5 companies owned by South African tycoon Laurie Dippenaar
As a strategic force shaping FirstRand and its diverse subsidiaries, Dippenaar’s legacy extends beyond wealth accumulation to impactful philanthropy.
Black executive Kofi Bruce earns $5-million salary from General Mills in 2023
Beyond his executive and leadership roles at the American multinational food company, Bruce owns a minority 0.0075-percent stake in General Mills.
South African billionaire Nicky Oppenheimer eyes $9.5-billion fortune as wealth soars
With his current fortune of $9.43 billion, Oppenheimer now claims the 231st spot on the global list of the wealthiest individuals.
Cross-border payment firm led by Ugandan tech tycoon lays off employees again
Since its inception nearly five years ago, Chipper Cash has raised $300 million in venture capital funding, securing a valuation of $2.2 billion.