South African businessman Adrian Gore gains nearly $50 million in 48 days
The recent surge in Gore’s wealth can be attributed to the renewed interest from investors on the Johannesburg Stock Exchange.
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.
Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals
Through the dedication of Jay-Z and Gloria Carter, the foundation’s legacy shines as a beacon of hope and opportunity for countless young minds.
Aga Khan IV’s stake in Nairobi-based media group NMG skyrockets by $2.8 million
The bump in the market value of Aga Khan IV’s stake in NMG reflects investors’ growing confidence and interest in the Kenyan equity market.
7 companies owned by Africa’s first Black billionaire, Patrice Motsepe
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
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.
GIPLC disburses funds raised at Igho Sanomi charity event for sick children
Sanomi, a prominent Nigerian business leader, is recognized not only for his success but also for his philanthropy.
U.S. entrepreneur drives Cairo-based startup to successful $6-million funding round
U.S. entrepreneur Erik Gordon has spearheaded the success of Cairo-based fintech startup Flash in its latest funding round.
Kenyan tycoon Ngugi Kiuna bolsters stake in BOC Kenya to counter takeover attempt
According to the report, Kiuna purchased an additional 93,826 shares in BOC Kenya, amounting to a value of Ksh7.2 million ($63,400).
Luxury goods business of Africa’s richest man Johann Rupert registers almost $6 billion in Q1 sales
Despite the impressive financial performance, Richemont experienced an unexpected drop in share price on the Swiss Exchange.
Meikles’ shares plunge spells $140-million loss for Zimbabwean tycoon John Moxon
Despite this multimillion-dollar slump, Moxon remains one of the richest investors on the Zimbabwe Stock Exchange.
Tony Elumelu’s wife, Awele, loses $2.6 million in six days as Transcorp shares slump
With the acquisition of an additional 7.3 million shares in Transcorp in June, Awele Elumelu’s total holdings in the company now stand at an impressive 2,070,794,804 shares.
Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
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.
Geregu surpasses $1 billion market cap as Otedola partners AFDB to build Nigeria’s first-ever PPP power transmission project
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.