Namibian tycoon Quinton van Rooyen’s Trustco commences $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in Trustco Group.
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South African tycoon Jens Montanana’s stake in Datatec slumps by $3.9 million
Montanana owns a 14.06-percent stake in Datatec.
5 companies owned by Andrew Musangi, CBK board chair nominee
Beyond his impressive career, Musangi wields significant influence in Kenya’s corporate landscape and owns stakes in some companies.
Tunisian tycoon Moncef Sellami gains $10 million as OneTech shares soar
OneTech’s remarkable growth over the years owes much to the vision of its founder, who established the firm in 1978.
Tanzania’s richest man Mohammed Dewji secures land in Rwanda
Dewji is the visionary leader behind MeTL Group, a Tanzanian conglomerate with a diverse portfolio of more than 150 products.
Swazi billionaire Natie Kirsh’s net worth exceeds $7 billion, gaining $330 million
Kirsh’s net worth has surged by $330 million in a span of 39 days, climbing from $6.93 billion on Aug. 6 to a staggering $7.26 billion on Sept. 14.
Gold mine revamp led by South African tycoon Neal Froneman puts 2,970 jobs at risk
Froneman holds a minority 0.3-percent stake in Sibanye-Stillwater, equivalent to 8,382,849 ordinary shares.
Kenyan billionaire heiress’ husband, Andrew Musangi, approved as CBK chair nominee
Musangi is the founder of Mukite Musangi & Company Advocates (MMC), a prominent Kenyan legal firm.
7 companies owned by Tyler Perry
Perry, the African-American filmmaker and billionaire mogul, is a towering figure in the global entertainment scene.
Tunisian tycoon Moncef Mzabi hit by $4-million loss from Artes stake
Mzabi owns a 24.8-percent stake in ARTES, translating into 9,370,387 ordinary shares.
Africa’s richest man Aliko Dangote’s refinery misses production deadline
The delay in the Dangote Oil Refinery’s production start has left stakeholders in Nigeria’s oil industry eagerly awaiting updates
South African billionaire Adrian Gore’s Discovery expects earnings to surge by 35 percent
Discovery Limited is a Sandton-based insurance conglomerate led by South African businessman Adrian Gore.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm soars by $68 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64-percent stake in the Moroccan property developer.
South African tycoon Pieter Engelbrecht pockets $2.6-million salary from Shoprite
Since assuming the mantle of CEO in January 2017, Engelbrecht has led Shoprite to impressive financial milestones.
Egypt’s Khamis family rakes in $1.2 million from Oriental Weavers’s stake
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $6 billion
Sawiris primarily holds his wealth in cash and closely held assets, amassed from the sale of his stake in Russian telecom company Vimpelcom.