Nigerian billionaire Abdul Samad Rabiu, others raise $2.2 million for flood victims
Rabiu’s participation in the fundraising comes after he established the $23.8-million Nigeria Security Support Fund.
Ugandan tycoon Ham Serunjogi’s Chipper Cash to acquire Zambian fintech firm, Zoona
Chipper Cash was co-founded in 2018 by Serunjogi and his Ghanaian business partner Maijid Moujaled.
Kenyan businessman John Kimani loses $1.6 million in single day from Kakuzi
Kimani controls a 34.54-percent stake in Kakuzi.
Egyptian businessman Medhat Khalil’s Raya reports double-digit percent decline in profits
Khalil owns a 58.1 percent stake in Raya Holding.
Ex-MTN CEO Mteto Nyati acquires 40-percent stake in South African firm, BSG
Nyati is an inspiring leader with a proven track record of executing growth and turnaround strategies.
South African multimillionaire Gus Attridge’s stake in Aspen now worth $171 million
Aspen Pharmacare is a multinational pharmaceutical holding company.
Nigerian insurance tycoon Wole Oshin’s stake in Custodian now worth $18.9 million
Since Jan. 4, the market value of Oshin’s stake in Custodian has declined to $18.9 million.
Led by Egyptian Khamis family, Oriental Weavers’ profit slumps below $24 million
The Khamis family’s share in Oriental Weavers is worth $117 million.
South African businessman Gerrie Fourie gains $26 million in 45 days
Fourie owns a beneficial 0.86-percent stake in the Stellenbosch-based banking group.
South African billionaire Christo Wiese-linked Shoprite posts strong sales in Q1 2023
Wiese owns 11.58 percent of the company, valued at over $860 million.
Egyptian billionaire Yasseen Mansour’s Palm Hills posts $37.4 million in profit in 9M 2022
Mansour owns a sizable 5.22-percent stake in the Cairo-based property developer.
Johann Rupert’s Richemont posts record earnings, with profit exceeding $2.1 billion
The group’s financial performance in the first half of 2023 builds on previous results.
South African tycoon Jonathan Jawno gains $20 million from stake in Transactional Capital
Jawno owns a significant 9.59-percent stake in the investment holding.
Strive Masiyiwa’s Liquid to spend $19.7 million to set up Dataport service in Africa
Liquid Intelligent Technologies is a subsidiary of Cassava Technologies, a pan-African technology firm founded by Strive Masiyiwa.
South African pharma billionaire Stephen Saad’s Aspen closes $1.26-billion credit facility
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Nigerian telecom billionaire Mike Adenuga has now lost $1 billion since start of 2022
Adenuga is one of the world’s 500 wealthiest billionaires.