Kenyan banking mogul James Mwangi suffers $3.8 million loss in just 60 days
The recent drop in Mwangi’s stake has pared his earlier gains this year to a loss of nearly $1.5 million.
Meet Gregory Rockson: Ghanaian entrepreneur set to expand his startup in Nigeria with $43-million investment
Rockson is dedicated to transforming healthcare for patients across Africa.
Nigerian multimillionaire banker Herbert Wigwe loses $1.5 million from Access Holdings stake
Wigwe is regarded as one of the most successful bankers in Nigeria.
Shoprite, linked to billionaire Christo Wiese, set to launch clothing stores in Cape Town
Wiese owns an 11.63-percent stake in the company.
South African billionaire Patrice Motsepe to pocket $67.1 million dividend from ARM
Motsepe owns a 39.7-percent stake in the diversified mining group.
Aliko Dangote inches closer to $20-billion net worth milestone as Dangote Cement shares surge
The surge in Dangote’s net worth cements his dominance as the wealthiest person on the continent.
African-American billionaire Tyler Perry in Talks to acquire majority stake in BET
Perry owns a minority stake in BET Media Group, as well as BET+.
Greek businessman John Coumantaros gains $25.6 million from stake in Flour Mills
Coumantaros, a Nigeria-based Greek businessman, controls 63.34 percent of Flour Mills.
Shoprite, linked to billionaire Christo Wiese, posts $177 million in profit in H1 2023
Wiese’s stake in Shoprite is worth over $900 million.
Family of late Kenyan tycoon Naushad Merali rakes in $2.33 million in single day from Sasini Tea stake
The Merali family is the majority shareholder of Sasini.
Beninese tycoon Dare Okoudjou’s MFS Africa partners with Western Union to facilitate payment in over 200 countries
Okoudjou founded MFS Africa in 2009.
Nigerian banking magnate Jim Ovia’s Zenith Bank receives approval to restructure into a holding company
Ovia has been appointed as the chairman of Zenith Holdco Plc.
Nicky Oppenheimer, Africa’s third-richest man, loses $430 million in 26 days
The recent decline can be attributed to the performance of his private equity investments.
Egyptian mogul Medhat Khalil’s Raya Holding signs deal to expand entrepreneurship support programs
Raya Holding is an Egyptian investment conglomerate formed in 1999 by the merger of entities owned by Khalil and Orascom Group.
African-American professional tennis superstar Venus Williams joins private equity firm Topspin
Williams is excited to be entering a sector that historically has had little penetration from African Americans.
Aliko Dangote’s sugar business reports impressive performance as profit surpasses $110 million in 2022
Dangote Sugar Refinery is a leading sugar business.