Custodian shares boost Wole Oshin's portfolio by $14.6 million, but naira's decline reduces gains
Had naira remained stable, Oshin’s stake could have increased by as much as $14.62 million.
Tullow, backed by oil magnate Dossou-Aworet, wins $320 million tax dispute in Ghana
An international tribunal ruled that the company is not liable for a $320 million tax assessment levied by the Ghana Revenue Authority.
Absa adds $3.2 million to Kenyan businessman Baloobhai Patel’s portfolio gains in 2024
His portfolio benefited from a rise in the bank's share price on the Nairobi bourse and the strengthening of the Kenyan shilling against the U.S. dollar.
Mangwana Capital aids Invictus Energy in $10 million raise for Zimbabwe's energy shift
This investment solidifies Mangwana Capital’s pivotal role in advancing Zimbabwe's energy sector and supports Invictus Energy's growth plans.
MTN Uganda secures $100 million loan for network expansion, corporate purposes
The financing demonstrates MTN Uganda’s strong financial position and commitment to advancing digital and financial inclusion.
South African executive Anton De Bruyn pockets $1.7 million from Shoprite in 2024
This represents a 55.47 percent increase from his 2023 remuneration, reflecting both his contributions and the group's strong financial performance.
MTN finalizes sale of Guinea operations, strengthening strategic focus
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.
Tongaat Hulett to sell Zimbabwe operations in $330-million deal amid currency woes
The deal will be executed via a debt-to-asset swap, a component of Tongaat's ongoing restructuring process.
South African businessman Christopher Seabrooke’s Sabvest stake hits $77 million in 2024
Christopher Seabrooke’s stake in Sabvest Capital grew by $10.57 million in 2024, reaching a market value of $77 million by year-end.
Beltone accelerates regional expansion with Baobab majority stake acquisition
This acquisition is set to accelerate Beltone’s growth strategy, centered on innovation, as the firm seeks to leverage advanced technologies like data science and AI.
Des de Beer adds to Lighthouse stake with $13.7 million share purchase in 2024
Des de Beer increased his Lighthouse Properties stake by 1.61 percent, acquiring $13.7 million in shares throughout 2024.
Ghana’s richest investor Daniel Ofori gains $2.9 million from GCB Bank stake in 2024
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.
Kenyan investment banker Jimnah Mbaru gains $1.8 million in 2024
Since the start of the year, his stake has gained Ksh118.3 million ($1.77 million), benefiting from the strong performance on the Nairobi Securities Exchange (NSE).
Haldane McCall raises $1.6 million through Housing unit sales
This milestone underlines the company’s commitment to alleviating Nigeria’s housing deficit while balancing affordability and quality.
Terrence Moolman makes $15 million from Caxton stake in 2024
This not only cements Moolman’s position among South Africa's wealthiest investors but also highlights his significant influence in the media industry.
Nearly $20 billion added to the wealth of African billionaires in 2024
During the year, the list of African billionaires expanded from 25 to 27.