Burna Boy to earn up to $1 million as headliner for Uganda’s new stadium opening
Burna Boy, known for his electrifying performances, has become a sought-after international act, commanding fees ranging from $700,000 to $1 million.
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Nigerian billionaire Abdul Samad Rabiu plans to crash cement prices
Rabiu said that his company, BUA Cement, is building two new plants that will increase output capacity to 17 million metric tonnes.
10 companies owned by Tanzanian multimillionaire Said Bakhresa
Bakhresa, one of East Africa’s richest men, started his billion-dollar empire with a humble restaurant selling baked goods.
5 businesses owned by Nigerian multimillionaire Michael J. Prest
The narrative of African commodity trading is incomplete without mentioning the influence of Prest.
7 businesses owned by Rick Ross
Ross, the Clarksdale, Mississippi-born hip-hop icon, is a successful businessman in his own right with numerous businesses in his kitty.
Egypt’s richest man Nassef Sawiris’ stake in Aston Villa slumps below $125 million
Despite the recent dip in his Aston Villa ownership, Sawiris has had a lucrative year, with wealth gains exceeding $640 million.
South African-born tycoon Barry Stuhler takes $20-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties. His stake amounts to 172,699,222 shares.
Nigerian business mogul Ernest Azudialu-Obiejesi orders $76-million luxury jet
Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.
South African exec Kenny Fihla earns $2.4-million salary from Standard Bank
Fihla’s 2022 compensation package marked an impressive 11.5-percent increase over the previous year’s reward of $2.2 million.
South African tycoon Christopher Seabrooke loses $3.8 million from Sabvest stake
Seabrooke holds a 40.61-percent stake in Sabvest Capital, a Sandton-based investment holding.
Nigerian businessman Tony Elumelu to pocket $1.6-million dividend from UBA
The interim dividend payout will be deposited into Elumelu’s bank account on Fri., Oct. 6.
Moroccan billionaire Moulay Hafid Elalamy donates $1.9 million to earthquake relief
Elalamy made the donation through his Saham Foundation amid growing contributions from various private and public entities toward earthquake relief in Morocco.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Meet the Swiss billionaire private jet heiress who built a sanctuary in Mozambique
Princess Nina of Greece and Denmark, the daughter of Swiss billionaire private aviation entrepreneur Thomas Flohr, is the owner of Kisawa.
5 companies founded by South African billionaire Mark Shuttleworth
South African billionaire and space tourist Mark Shuttleworth has built businesses in Internet security, hospitality and financial services.
South African exec Charl Keyter earns $4.6-million salary from Sibanye
Keyter, a highly respected executive within the mining industry, has played a pivotal financial role in the transformation of Sibanye.