Billionaire Femi Otedola made chairman of Nigeria’s First Bank
The decision to elevate Otedola to the position of chairman was reached at a board meeting today.
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South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.
Greek businessman John Coumantaros loses $24.5 million from Flour Mills stake
Coumantaros faced significant losses as the company’s shares took a recent hit on the Nigerian Exchange.
South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
Tunisian tycoon Moncef Sellami gains $2.6 million from OneTech stake
OneTech’s remarkable growth over the years owes much to the vision of Sellami, its founder, who established the firm in 1978.
Egypt’s second-richest man criticizes government’s delay in devaluing currency
Sawiris suggests that aligning with the spiraling black market rate is imperative to address the chronic foreign currency shortage plaguing the nation.
Shaquille O’Neal expresses desire to own NBA team again
This comes in the wake of O’Neal’s decision to divest his stakes in the Sacramento Kings in January 2022, citing NBA ownership regulations.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.
South African tycoon Giovanni Ravazzotti gains $16.7 million from Italtile stake
Ravazzotti, a prominent figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Tunisian tycoon Habib Essayeh suffers $1.3-million loss from Euro-Cycles shares
Essayeh holds a 33.6-percent stake in the bike maker, which translates to 3,293,136 ordinary shares.
Meet John W. Rogers, Jr.: Founder of Wall Street’s first Black-owned mutual fund
From his early influences to shaping a $16 billion financial empire, Rogers, Jr. stands as an architect of inclusivity and philanthropy.
Dangote’s half-brother Sayyu Dantata’s oil firm exceeds $190 million in revenue in 2023
Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and cost-effectiveness.
Nigerian billionaire Femi Otedola’s power empire rakes in $90-million revenue in 2023
The company’s revenue soared beyond the $90-million mark during the period under review, marking a significant milestone in its operations.
South Africa’s second-richest man Nicky Oppenheimer gains $300 million in 11 days
With a current wealth of $9.98 billion, Oppenheimer is the world’s 228th richest individual. In South Africa, he holds the second spot, trailing Johann Rupert.
Kenyan banker James Mwangi gains $3 million from Equity Group stake
Mwangi’s stake in Equity Group has hit the $30-million milestone.