Egyptian tycoon Safwan Thabet receives $8.75 million in dividends from Juhayna
Thabet owns a majority 50.07-percent stake in the Egypt-based food products manufacturer.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
South African billionaire Oppenheimer family wins case to block exploration at Zimbabwe ranch
This comes after the family filed a lawsuit on June 2 to stop Pearline Mineral Exploration from mining on the Shangani Ranch.
Botswana retail tycoon Ramachandran Ottapathu loses over $4.4 million since start of 2022
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
Karim Awad-led EFG Hermes acquires stake in offshore oil support company, Maridive
The transaction comes two months after Maridive approved a 5.94-percent reduction in its authorized capital to $940.51 million.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l launches e-money service
Under Nassa’s leadership, the bank has evolved into a central player in the West African financial services industry.
Kanye West gains more than $200 million in one year
West owns the entire Yeezy brand, which is valued at $2.9 billion.
South Africa’s second-richest man Nicky Oppenheimer’s net worth rises by $400 million this year
Oppenheimer maintains private equity investments in Africa, Asia, the United States, and Europe.
Nigerian MMA fighter Israel Adesanya earns $1.8 million from Sunday’s UFC 276
Adesanya is expected to headline another UFC main event in the fourth quarter of 2022.
Meet Ghanaian Nadia Abdul Aziz, who owns $16-million stake in Asante Gold
Aziz owns a significant 4.13-percent stake in the company.
Benin seizes assets of exiled chicken tycoon Sebastien Ajavon over alleged tax fraud
Ajavon is the founder of Cajaf-Comon, Benin’s largest supplier of frozen chicken.
Burkinabe tycoon Mahamadou Bonkoungou’s IB Bank plans to crash interest rates in Togo
Bonkoungou acquired IB Bank in Togo last December.
Malawian banking mogul Hitesh Anadkat gains $40 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Swazi billionaire Natie Kirsh’s net worth slumps by more than $600 million
However, Kirsh still remains one of Africa’s wealthiest billionaires.
South African tycoon Jens Montanana’s Datatec sells Analysys Mason management consulting firm for $252 million
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.