South African-born billionaire Patrick Soon-Shiong YTD gains surpasses $1 billion
Soon-Shiong’s 80 percent ImmunityBio stake powers billion-dollar resurgence.
America’s richest Black man Robert F. Smith loses $600 million in 19 days
Smith slips; trails KKR’s Henry Kravis on the Bloomberg Billionaires Index.
Zimbabwean tycoon John Moxon’s stake in Meikles surges above $100 million
This $18.4-million surge firmly cements his place as one of the leading investors on the Zimbabwe Stock Exchange.
Africa’s richest man Aliko Dangote’s refinery to commence production in December
The IEA recently commended Dangote and his refinery as a transformative force poised to drive oil demand growth in the coming decade.
Moroccan tycoon Adil Douiri faces $1.2-million loss in Mutandis shares in 37 days
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires stake in South African nickel mine
This acquisition aligns with Motsepe’s earlier announcement of ARM’s proactive pursuit of valuable lithium and copper assets.
North Africa’s richest man Nassef Sawiris gains $350 million in 12 days
This solidifies his standing as one of Africa’s wealthiest individuals. His year-to-date gains now total $576 million.
Zimbabwean tycoon Kudakwashe Tagwirei’s GDI seeks $500 million for platinum project
GDI is 50-percent owned by Landela Mining Venture, a subsidiary of Sotic International Ltd., linked to Kudakwashe Tagwireyi.
Egyptian billionaire Ghabbour family rakes in $30.5 million from GB Corp stake
The Ghabbour family presently holds a significant 62.9-percent stake in the automaker, equivalent to 682,779,500 ordinary shares.
South African exec Anton Gildenhuys earns $1.1-million salary from Sanlam
Gildenhuys has been the CEO of Sanlam Retail Affluent since Sept. 14, 2020.
9 companies owned by Moroccan businesswoman Salwa Idrissi Akhannouch
Each company not only reflects her strategic brilliance but also embodies her commitment to diversity, excellence, and positive global change.
5 companies owned by Ethiopian businessman Tewodros Ashenafi
Forbes acknowledged Ashenafi’s financial prowess in 2017, listing him among the wealthiest individuals in Ethiopia.
South African tycoon Andre Du Plessis gains $17.33 million as Capitec shares soar
This significant increase in Du Plessis’s stake solidifies his position among the wealthiest investors on the Johannesburg Stock Exchange.
Moroccan tycoon Lamia Tazi loses $2.8 million from Sothema stake
Lamia Tazi, the CEO and chairperson of Sothema and one of the most affluent investors on the Casablanca Stock Exchange, holds an 8.4-percent stake in the healthcare company
Kenyan banker James Mwangi says Equity Group’s DRC unit will soon overtake Kenya
Mwangi credited the growing influence of Equity Group’s subsidiaries, especially the DRC unit, for the overall performance of the group in the first nine months of 2023.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.