Kenyan Ndegwa family acquires additional $2.46-million stake in Nairobi-based lender, NCBA
The Ndegwa family’s 13.13-percent stake in NCBA Group is worth $54 million.
South African pharma billionaire Stephen Saad’s Aspen signs vaccines deal with India’s Serum Institute
Saad owns a 12.5-percent stake in Aspen worth $566 million.
Robert Smith, America’s richest Black person, sees net worth rise by $2.95 billion in 2022
The performance of his stake in Vista Equity Partners can be thanked for the billion-dollar increase in his net worth.
South African tech tycoon Jens Montanana loses over $9 million in 10 days from stake in Datatec
Montanana founded Datatec more than 35 years ago.
Egyptian tycoon Ahmed El Sewedy’s electric company completes bus charging units in Cairo
El Sewedy Electric is a multinational cable and electrical equipment manufacturer.
Zimbabwean billionaire Strive Masiyiwa’s net worth slumps by $3.1 billion in nearly four months
Masiyiwa’s fortune is made up of his 52.85-percent stake in Econet Zimbabwe and 30-percent stake in EcoCash Holding.
Kenyan tycoon Narendra Raval’s Devki Steel Mills applies for electricity supply license in Kenya
Raval was reported to have a net worth of $400 million in 2015.
Zambian gov’t invites Africa’s richest man Aliko Dangote to invest in agriculture
Zambian Commerce and Industry Minister Chipoka Mulenga made the declaration over the weekend.
South African executive Nombasa Tsengwa says investment in green minerals ‘urgent’
Tsengwa became the group CEO of Exxaro Resources in March 2021.
Egyptian tycoon Ahmed El Sewedy’s electric firm signs deal to operate high-speed network projects in Egypt
The firm will collaborate with Germany’s Deutsche Bahn International Operation on the project.
Nigerian president taps Africa’s richest man Aliko Dangote to head Nigeria End Malaria Council
Dangote was chosen due to his track record and passion for supporting public health issues.
John Kimani-linked Kakuzi partners with California-based berries seller, Driscoll’s
Kimani, a member of Kakuzi’s board of directors, owns 32.3 percent of the company, or 6,330,699 shares.
Led by South African exec Mike Teke, Seriti Resources acquires majority stake in Windlab Africa
Teke is the founder of Masimong Group and one of Seriti Resources Holdings’ four shareholders.
Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Billionaire Gbenga Agboola’s Flutterwave faces allegations of financial impropriety amid IPO plans
Despite the allegations, the firm is continuing to prepare for its IPO.
These are the four African billionaires whose net worth has increased since start of 2022
Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris.