Gideon Muriuki-led Co-op Bank becomes Kenya’s second-most valuable lender
Under the leadership of Muriuki, who serves as the bank’s CEO, Co-op Bank has solidified its position as a key player in the market.
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Moroccan real estate tycoon Alami Lazraq rakes in $31.6 million from ADI stake
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
5 companies owned by Cardi B
Forbes recognizes Cardi B as one of the most influential female rappers ever.
Burkinabe tycoon Idrissa Nassa’s Coris Bank extends $55-million debt to gold producer
Coris Bank International, under the leadership of Nassa, has emerged as a prominent force in the financial services industry.
South African tycoon Jonathan Jawno suffers $6.3-million loss in 58 days
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
5 companies owned by African-American multimillionaire Richelieu Dennis
Dennis pocketed $850 million in 2017 when Unilever acquired Sundial Brands, the beauty company he founded.
Ghanaian executive Ebenezer Asante earns $2.7-million salary from MTN in 2022
Asante oversees the company’s operations in three key regions.
Africa’s richest man Aliko Dangote’s Dangote Foods to emerge before end of 2023
Notably, the merger is poised to significantly boost the net worth of Dangote, who ranks as the richest man in Africa.
Saudi fund eyes stake in real estate firm led by Egyptian billionaire
Egyptian billionaire Yasseen Mansour retains a 7.29-percent ownership stake in Palm Hills Development.
32-year-old South African tech entrepreneur Rupert Bryant’s Webafrica takes over Mweb
Thirty-two-year-old Rupert Bryant is the co-founder of Webafrica, one of South Africa’s most successful ISPs.
Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $124 million
With a 43.16-percent stake in TMG, Hisham Talaat Moustafa ranks among the richest investors on the Egyptian Exchange.
Botswana-based tycoon Jonathan Gibson gains $14.4 million in 2023
Gibson, who ranks as one of the richest investors on the Botswana Stock Exchange, holds 31,830,406 ordinary shares in Chobe Holdings.
Egyptian tycoon Medhat Khalil hit by $8.5-million loss in Raya Holding stake
Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape.
Court sets date for ruling on Nigerian multimillionaire ABC Orjiakor’s $101-million debt lawsuit
ABC Orjiakor, who owns a 6.4-percent stake in Seplat Energy, one of Nigeria’s largest energy companies, ranks as one of Nigeria’s wealthiest business figures.
7 companies owned by billionaire African energy mogul Benedict Peters
Billionaires.Africa has identified and tracked seven notable assets owned by billionaire Benedict Peters.
South African tycoon Johan Burger suffers $2-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.110-percent ownership stake in FirstRand.