Nigerian tycoon Wole Oshin loses $1.2 million in one week from stake in Custodian Investment
As the company’s largest shareholder, Oshin holds a 26.81-percent stake in Custodian Investment.
5 companies owned by Eswatini’s richest man, Natie Kirsh
Kirsh’s wealth is derived from a diverse investment portfolio spanning the retail and real estate sectors.
Africa’s richest man Johann Rupert loses $800-million fortune as Richemont shares slump
The substantial $800-million loss in Rupert’s wealth can be directly attributed to the recent decrease in the market value of his 9.14-percent stake in Richemont.
Egyptian tycoon Hisham Talaat Moustafa’s TMG inks deal with Savills for ‘The Strip’ project in Madinaty
With a 43.16-percent ownership stake in TMG Holding, Moustafa is widely recognized as one of the wealthiest investors on the Egyptian Exchange.
Paddy Zhanda emerges as Zimbabwe’s newest multimillionaire as stake in Masimba holdings surpasses $55 million
This significant increase has solidified Zhanda’s position as Zimbabwe’s latest multimillionaire businessman.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Kenyan multimillionaire Baloobhai Patel boosts stake in Williamson Tea
Patel is one of the largest investors on the Nairobi Stock Exchange with a portfolio that has a current value exceeding $24 million.
5 assets owned by South African billionaire Douw Steyn
In 2023, the Sunday Times Rich List pegged Steyn’s fortune at $3 billion, thanks to a portfolio of luxury hotels and insurance companies.
7 assets owned by South Africa’s second-richest man, Nicky Oppenheimer
As South Africa’s second-richest man, Oppenheimer continues to play a pivotal role in the country’s economic landscape.
Zimbabwean tycoon Simon Rudland’s gold refinery suspended over alleged money laundering
Rudland is a famous Zimbabwean tycoon with interests in tobacco, logistics, financial services, and agriculture.
Nigerian energy tycoon Tope Shonubi invests $142 million in two LPG vessels
Shonubi is a co-founder and CEO of Sahara Group, a conglomerate with oil production, electricity generation, and oil trading operations.
Nigerian billionaire Aliko Dangote plans new cement plants for expansion
Dangote is set to expand the production capacity of Dangote Cement by constructing a new integrated cement plant in Itori, Ogun State.
Angola’s AG fails to persuade interpol for Isabel dos Santos’ extradition
Dos Santos has faced corruption charges for years, including allegations that she embezzled nearly $1 billion.
7 companies owned by Tanzania’s first billionaire Rostam Aziz
Aziz, made history in 2013 when Forbes recognized him as the first Tanzanian to achieve a billion-dollar fortune.
Egypt’s billionaire El-Sewedy family suffers $50 million loss from El Sewedy Electric stake
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
Pick ‘n Pay troubles drain $120 million from South Africa’s Ackerman family
The Ackerman family holds a significant 25.53-percent stake in the retailer, or 124,677,238 issued shares.