Egyptian tycoon Hassan Allam’s firm secures $75-million investment from EBRD
Under the leadership of Allam, Hassan Allam Holding has been making strides in the engineering and construction sectors for more than eight decades.
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Nigeria’s second-richest man Abdul Samad Rabiu makes $1.1 billion within 24 hours
Rising shares propel Rabiu’s stake in cement and food ventures to a combined $11.91-billion valuation.
Morocco’s second-richest man Othman Benjelloun rakes in $80 million from BOA stake
This remarkable increase has translated into substantial gains for the bank’s shareholders, including Benjelloun, who ranks as one of Africa’s billionaires.
African-American billionaire Alex Karp gains $100 million in just 8 days
The surge in Karp’s fortune, equivalent to an average daily gain of $12.5 million since Jan. 16, is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Meet Sarah Bond: Black executive leading gaming industry’s transformation
Beyond Xbox, Bond’s influence extends to the boards of leading tech companies, where her expertise acts as a guiding force for diverse businesses.
South African executive Raisibe Morathi pockets $1.48 million as Vodacom CFO
In addition to her executive and governance roles, Morathi holds a 0.01-percent stake in Vodacom, owning 243,554 shares valued at $1.38 million.
7 companies owned by Egyptian billionaire Hisham Talaat Moustafa
Over four decades, Moustafa has propelled TMG into a $6.4-billion global real estate powerhouse, leaving an indelible mark on Egypt’s landscape.
South African businessman Barry Swartzberg loses $12.6 million in 23 days
Swartzberg remains a prominent figure among South Africa’s businessmen, retaining his position as one of the most affluent investors on the JSE.
Dwayne ‘The Rock’ Johnson joins WWE owner’s board after $5-billion Netflix deal
As part of this collaboration, Johnson will receive intellectual property rights to the “The Rock” trademark and associated catchphrases.
Ghanaian businessman signs $1-billion deal with Indian carbon credit developer
In addition to the billion-dollar deal, Agyepong announced the provision of scholarships for 10 individuals interested in pursuing studies on climate change this year.
Egyptian multimillionaire Ahmed Ezz loses $77.7 million in 22 days from Ezz Steel stake
This reduction in its share price has brought the company’s market cap. below $1.5 billion, resulting in substantial losses for shareholders, including Ezz.
South African tycoon Jens Montanana’s Datatec acquires UK-based Rebura
Datatec has made a significant stride in expanding its global presence by acquiring Rebura.
Africa’s richest man Aliko Dangote’s net worth hits $20 billion, gaining $5.2 billion
With a current net worth of $20.3 billion, Dangote has solidified his position as Africa’s richest person.
South African executive Mpumi Madisa pockets $2.4-million salary in 2023
The generous package highlights Madisa’s pivotal role in steering Bidvest to outstanding financial success.
Meet Kirk Lewis: Black executive at helm of billion-dollar steel empire
Beyond business, Lewis served as deputy mayor and chief of staff for the City of Detroit, contributing to urban revitalization efforts.
Kenya’s Merali family gains nearly $1.2 million from Sasini Tea stake in 19 days
With a majority stake of 65.46 percent, Kenya’s Merali family holds the largest share in Sasini Tea.