Botswana-based tycoon Jonathan Gibson gains $8.5 million in just 15 days
Jonathan Gibson, the deputy chairman of Chobe Holdings, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.
Tunisian tycoon Mehdi Tamarziste’s stake in UBCI surges by $1.6 million
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Neal Froneman says Sibanye will include Chinese partner in Mopani Copper Mines bid
Froneman emphasized that the partnership would materialize once negotiations concluded satisfactorily.
Wealthy Ndegwa family of Kenya acquire $2.77-million stake in property fund
This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
South African tycoon Johan Burger gains nearly $1 million from FirstRand stake
Burger, who has been a director at FirstRand since 2009, owns a minority 0.110-percent stake in the leading financial services group.
South African tycoon Fleetwood Grobler-led Sasol entangled in $70-million lawsuit
In recent times, Grobler has been driving Sasol’s transition towards cleaner and renewable energy strategies.
Uganda tax penalty deals blow to cement firm owned by Kenyan tycoon Baloobhai Patel
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Credit Bank, owned by Kenya’s wealthy Nyachae family, set to list on Nairobi bourse
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
Egyptian tycoon Medhat Khalil gains $11 million from investment in Raya Holding
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
South African banker Sim Tshabalala earns $2.8-million salary from Standard Bank in 2022
Since assuming the mantle of CEO, Tshabalala has led Standard Bank Group to impressive financial milestones.
Moroccan real estate tycoon Alami Lazraq gains $5.7 million from ADI stake
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Indian billionaire Anil Agarwal vows to pay $250-million Zambia debt
Agarwal’s Vedanta Resources owns the Konkola Copper mine in Zambia which was seized by former President Edgar Lungu.
Nigerian tycoon Taiwo Afolabi’s Sifax Group expands fleet, acquires 13 trucks
Under Afolabi, Sifax Group has evolved into a leading conglomerate with diversified interests in aviation, oil and gas, maritime, haulage, logistics, and hospitality.
South African tycoon Laurie Dippenaar suffers $7-million loss from FirstRand stake
Dippenaar presently holds a 1.76-percent stake in FirstRand, equivalent to 98,726,988 shares.
South African banker Sim Tshabalala gains $1.2 million from investment in Standard Bank
Tshabalala, who assumed the role of CEO in September 2017, holds a minority stake of 0.031 percent in Standard Bank.