GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark
GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour.
South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
South African banker Michiel Le Roux on verge of losing ‘billionaire’ status
Le Roux is widely regarded as one of Africa’s richest men.
Kenyan banker Gideon Muriuki’s Co-op Bank secures $100 million from global investors
Muriuki holds a two-percent stake in the leading financial services group.
Egyptian magnate Abdallah Sallam’s MNHD rakes in whopping $24 million profit in 2022
This can be directly linked to the devaluation of the Egyptian pound, which has made the country’s real estate market more attractive.
Ghana’s richest stock investor Daniel Ofori takes $1.5 million hit on Societe Generale Ghana stake
Ofori’s stake in Societe Generale Ghana has decreased by over $1.5 million since the start of the year.
Zimbabwean tycoon Paddy Zhanda amasses $2.17-million fortune in less than two months of 2023
Zhanda owns a significant 8.08-percent beneficial stake in Masimba Holdings.
Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding
Kimani’s journey with Workpay is an inspiring example of how African tech startups can make a global impact.
Meet Victor Odili: Nigerian shipping tycoon with $430 million stake in MTN Nigeria
Odili ranks as one of Nigeria’s richest businessmen.
Nigerian banking tycoon Jim Ovia rakes in $14.87 million in just 54 days from Zenith Bank stake
Ovia owns a sizable 16.2-percent stake in Zenith Bank.
South African mogul Adrian Gore’s Discovery suffers 10-percent decline in earnings
Gore owns a sizable 7.48-percent stake in Discovery Limited.
Elon Musk’s SpaceX to roll out Starlink satellite Internet service in Ghana, Egypt by 2024
The move comes as Musk, the world’s second-richest person, takes charge of technological advancement.
South African tycoon Neal Froneman’s Sibanye-Stillwater to acquire Australia’s New Century for $83 million
Froneman holds a 0.074-percent ownership stake in Sibanye-Stillwater.