South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
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Prosus, led by South African billionaire Koos Bekker, backs Brazil’s Ursula AI in $3.6 million round
The $3.6 million (R$20 million) seed round was led by Village Global, with participation from Prosus Ventures and Worldbuild.
South African billionaire Christo Wiese’s Brait reports $1.1 billion revenue in 2025
Brait posts 7% revenue growth to $1.1 billion in 2025, reversing losses and strengthening NAV per share following recap, Virgin Active and Premier gains.
Cobus Stofberg: The South African businessman with $114 million stake in media giant Naspers
Cobus Stofberg’s $114 million stake in Naspers highlights his role in building Africa’s top media and tech companies.
Johann Rupert’s Remgro, Vodacom get nod for $741.7 million Maziv fiber deal
South Africa’s regulator drops opposition to Vodacom’s $741.7 million deal for Maziv, moving Johann Rupert’s Remgro closer to sealing the landmark fiber acquisition.
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Uganda's richest man Sudhir Ruparelia launches new Grade-A office park in Kampala
The 19-story tower, completed this month, is the first phase of the sprawling Pearl Business Park, a multi-billion-dollar development that aims to create a mixed-use enclave featuring office spaces, retail outlets, health facilities, and leisure amenities.
Burna Boy Inc.: From Afrobeats icon to multimillion-dollar mogul
Being Burna is big business. Over the past half decade, Nigeria's most popular cultural export has racked up tens of millions of dollars in everything from international tours and private gigs to endorsements and his own cannabis brand.
Rihanna faces billionaire exit as Fenty valuation falters
Rihanna’s fortune slips from $1.4 billion to $1 billion as Fenty brands face slowing sales, cost pressures, and global beauty market fatigue.
Egyptian billionaire Hisham Talaat Moustafa’s TMG shares top $1 billion again
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.