Africa’s first female billionaire accuses Angolan government of political persecution
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.
Hot News
Egyptian billionaire Ghabbour family scores $21.6-million gain from GB Corp stake
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.
African-American billionaire Alex Karp faces $100-million loss in early 2024
The revaluation of his private investments and a single-digit decline in Palantir’s shares have contributed to a $100-million decrease in his net worth.
Meet Gerald Smith: Black executive steering a $6-billion investment firm
From his early days in retail to co-founding Smith Graham Investment Advisors, Smith’s strategic brilliance has shaped the financial landscape.
Moroccan tycoon Lamia Tazi gains $6 million from Sothema stake in 15 days
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
5 companies linked to Mellody Hobson, one of America’s top Black businesswomen
From Ariel Investments to Starbucks and JPMorgan Chase, delve into her strategic vision, commitment to diversity, and impact on global leaders.
South African exec Paul Dunne earns $1.5-million salary from Northam in 2023
His compensation comprises a base salary of R11.23 million ($0.60 million) and augmented by a short-term incentive of R8.41 million ($0.45 million).
One of Malawi’s richest men, Hitesh Anadkat, gains $20 million from FMB Capital
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
7 assets owned by Kevin Cohee, founder of America’s largest Black-owned bank
From strategic acquisitions to transformative leadership, Cohee’s impact extends beyond banking, reshaping finance and championing economic empowerment.
Nigerian banker Herbert Wigwe-led group acquires new insurance brokerage firm
The move aligns with the group’s vision of building a globally connected community of ecosystems inspired by Africa for the world.
Adenuga’s firm, six others get approval to distribute fuel from Aliko Dangote’s refinery
The marketers have registered for the lifting and distribution of refined petroleum products.
South African billionaire Ivan Glasenberg suffers $389-million loss in first weeks of 2024
Glasenberg’s wealth is derived from his 9.81-percent stake in Glencore, a Swiss multinational commodity trading and mining company.
Egypt’s second-richest man Naguib Sawiris kicks off 2024 with $201-million loss
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Nigerian insurance tycoon Wole Oshin gains nearly $2 million from Custodian stake
Oshin wields significant influence with a 26.81-percent stake, equating to 1,576,662,503 ordinary shares.