South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
Hot News
Tunisian tycoon Moncef Sellami gains $2.6 million from OneTech stake
OneTech’s remarkable growth over the years owes much to the vision of Sellami, its founder, who established the firm in 1978.
Egypt’s second-richest man criticizes government’s delay in devaluing currency
Sawiris suggests that aligning with the spiraling black market rate is imperative to address the chronic foreign currency shortage plaguing the nation.
Shaquille O’Neal expresses desire to own NBA team again
This comes in the wake of O’Neal’s decision to divest his stakes in the Sacramento Kings in January 2022, citing NBA ownership regulations.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.
South African tycoon Giovanni Ravazzotti gains $16.7 million from Italtile stake
Ravazzotti, a prominent figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Tunisian tycoon Habib Essayeh suffers $1.3-million loss from Euro-Cycles shares
Essayeh holds a 33.6-percent stake in the bike maker, which translates to 3,293,136 ordinary shares.
Meet John W. Rogers, Jr.: Founder of Wall Street’s first Black-owned mutual fund
From his early influences to shaping a $16 billion financial empire, Rogers, Jr. stands as an architect of inclusivity and philanthropy.
Dangote’s half-brother Sayyu Dantata’s oil firm exceeds $190 million in revenue in 2023
Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and cost-effectiveness.
Nigerian billionaire Femi Otedola’s power empire rakes in $90-million revenue in 2023
The company’s revenue soared beyond the $90-million mark during the period under review, marking a significant milestone in its operations.
South Africa’s second-richest man Nicky Oppenheimer gains $300 million in 11 days
With a current wealth of $9.98 billion, Oppenheimer is the world’s 228th richest individual. In South Africa, he holds the second spot, trailing Johann Rupert.
Kenyan banker James Mwangi gains $3 million from Equity Group stake
Mwangi’s stake in Equity Group has hit the $30-million milestone.
Kenyan tycoon Narendra Raval takes over Rwandan cement giant in $84-million deal
Devki Group Founder and Chairman Narendra Raval announced the completion of the acquisition, expressing enthusiasm about the prospects it holds for both countries.
Refinery owned by world’s richest Black billionaire set to import U.S. oil
The move by the Dangote Oil Refinery, led by Aliko Dangote, who holds the title of the world’s richest Black billionaire, signals a significant change in strategy.
Nigerian mogul Wale Tinubu’s Oando, others secure $755-million NNPC deal
The contract, part of the Direct Sale and Direct Purchase (DSDP) initiative, was awarded to six oil companies.
Kenyan tycoon John Kimani acquires 8.64 million shares in East Africa’s largest telecom firm
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.