7 companies owned by Nigeria’s richest woman Folorunso Alakija
Billionaires.Africa has identified and cataloged seven companies owned by Alakija, showcasing her diverse business empire.
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Ivorian tycoon Bernard Kone Dossongui ventures into cement business in Madagascar
Dossongui’s Atlantic Financial Group (AFG) is a holding company with interests in banking and insurance, agriculture, cement and flour milling.
Creating African giants: The transformative power of capital and financial investment
One of the most significant challenges facing African businesses, especially family-owned enterprises, is access to capital and financial investment.
Ethiopian billionaire Mohammed Al-Amoudi looks to sell oil refiner Preem
Preem, which Al-Amoudi controls, has more than 550 petrol stations and two refineries in Gothenburg and Lysekil,
South African exec Mary Vilakazi’s earns $1.68-million salary from FirstRand in 2022
Vilakazi’s tenacity, strategic prowess, and commitment to excellence have propelled her to the top job at FirstRand.
Namibian businessman Quinton van Rooyen rakes in $6.25 million
Van Rooyen, who owns a 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s wealthiest men.
Africa’s biggest lender appoints South African mogul Johan Burger as chairman
The board has expressed confidence that Burger’s appointment meets the necessary criteria for independence and competence.
World’s richest Black woman Oprah Winfrey gains $300 million in just five days
With a net worth of $2.8 billion, Winfrey remains a top figure among the world’s richest Black individuals.
South African billionaire Saltzman family suffers $34-million loss in 72 days
Since the Saltzmans founded Dis-Chem Pharmacies more than four decades ago, it has grown into one of the country’s leading retail healthcare groups.
Kenyan tycoon James Mwangi’s takes $1.4-million hit from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
South African tycoon Jens Montanana earns $11.9-million salary from Datatec in 2023
Under the leadership of Montanana, the tech group recorded a comprehensive income of $70.62 million at the end of its 2023 fiscal year.
South African banker Ciko Thomas earns $1.5-million salary from Nedbank in 2022
Thomas has effectively held the reins as group managing executive for retail and business banking at Nedbank Group since his appointment in 2016.
Michael Jordan joins the world’s 1,000 richest individuals
Jordan’s enduring legacy as a sports icon and astute businessman continues to shine brighter than ever.
South African exec Mary Vilakazi named first female CEO of Africa’s top lender
Vilakazi’s journey at FirstRand began when she was appointed chief operating officer in July 2018.
South African billionaire Christo Wiese loses $46 million from investment in Shoprite
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at over $780 million.
Nigerian businessman Tony Elumelu gains $5 million in three weeks from UBA
Elumelu, with his 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares, ranks as one of the wealthiest individuals in the country.