Herbert Wigwe’s Access Holdings to acquire Standard Chartered’s Sub-Saharan Africa business
Wigwe owns a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares in the lender.
7 companies owned by Kenya’s wealthy Kirubi family
Following his passing in 2021, Chris Kirubi’s son, Robert Kirubi, and daughter, Mary-Ann Musangi, inherited 80 percent of his vast fortune.
Dar es Salaam-based tycoon Hans Macha loses over $1 million in 84 days
Macha, ranked as one of the richest investors on the local bourse, owns 1.9 percent of CRDB Bank, equivalent to 32,764,200 shares.
South African billionaire Koos Bekker’s net worth surges by $100 million back to $2.5 billion
With a net worth of $2.5 billion, Bekker ranks among the wealthiest billionaires on the African continent.
Kenya’s Merali family faces $6 million blow in 2023 from Sasini Tea stake
With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
Over $20 million vanishes from Nigerian tycoon Victor Odili’s MTN Nigeria stake in a month
Victor Odili, regarded as one of Nigeria’s wealthiest businessmen, has a 3.96 percent stake in MTN Nigeria.
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.
Bank led by Kenyan tycoon Gideon Muriuki secures $100-million loan to empower small businesses in Kenya
Muriuki, the managing director of Co-op Bank, said the facility will empower to fulfil the financing requirements of MSMEs.
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.
Lebanese Prime Minister Najib Mikati’s stake in Africa’s largest telecom company is worth $900 million
Mikati, a three-time prime minister of Lebanon, co-founded the Beirut-based investment firm M1 Group in 2007.
Nigerian banker Herbert Wigwe’s Access Holdings gains majority control of Angolan bank, Finibanco
Wigwe holds a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares.
Firm linked to late Kenyan tycoon Chris Kirubi’s heirs posts $1.23 million in profit in 2023
Centum RE is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Congolese Rawji family’s Rawbank reports record-breaking $80 million in profit in 2022
Rawbank was launched in 2002 by the Rawji family, which possesses diverse business interests in the DRC under the Rawji Group.
Kenyan tycoon Julius Mwale to build multimillion-dollar city in Congo
Mwale’s company, Mwale Medical and Technology City, is a $2-billion community-owned sustainable metropolis.
Sean ‘Diddy’ Combs unveils innovative e-commerce platform to empower Black entrepreneurs
Combs expressed his mission to empower Black entrepreneurs by providing them with the necessary resources to build successful businesses.
7 assets owned by struggling Kenyan tycoon David Langat
Langat is the owner of DL Group, a Kenyan conglomerate with interests in tea farming and exports, trading, real estate and hospitality.