South African billionaire Adrian Gore-led group posts $280 million in profit in 2023
Discovery was founded in 1992 by Gore as a medical insurer.
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Nigerian president awards highway project to billionaire linked to Sani Abacha
Chagoury’s success has not been without controversy.
7 African women who made a fortune in mining
Meet seven African women who have founded, co-founded, or invested in mining ventures within the continent and accumulated phenomenal wealth.
Kenyan tycoon Julius Mwale to build multimillion-dollar medical city in Ghana
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
6 companies owned by 50 Cent
50 Cent’s ventures range from the music industry to consumer electronics, fashion to spirits, and digital platforms to film-making.
5 companies linked to South African executive Josua Malherbe
Beyond his executive and governance roles, Malherbe also owns a total equity stake of 1,178,995 ordinary shares in Remgro.
South African tycoon Zunaid Moti counters investigation into Zimbabwean lithium mine, cites valuation up to $1.4 billion
Moti, one of South Africa’s most controversial businessmen, is the founder of the Moti Group.
Alicia Boler Davis: African-American engineer serving on JPMorgan’s board
Davis’ influence extends far beyond her corporate achievements; she is a tireless champion for women in the automotive industry.
South Africa’s second-richest man Nicky Oppenheimer hit by $200-million loss in 2 days
Despite the recent decline in his fortune, Oppenheimer’s year-to-date gain presently aggregates to a substantial $925 million.
Bank led by Nigerian tycoon Herbert Wigwe achieves over $180 million in profit
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
Wealthy Cameroonian industrialist Nana Bouba launches oilseed processing company
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.
Kenyan banker Suresh Bhagwanji Shah to build $22-million hospital in Nairobi
Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
Former director pleads guilty to embezzling $2.2 million from 50 Cent’s company
The embezzlement scheme dates back over two years, coinciding with 50 Cent’s purchase of $14.8 million worth of champagne and cognac from two French distilleries.
Nigerian banker Herbert Wigwe gains $8 million from Access Holdings stake
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
South African exec Basil Sgourdos receives $4.3-million salary from Naspers in 2023
Sgourdos has been the group CFO and financial director of Naspers since 2014.