South African tycoon Noluthando Gosa gains $6.7 million from stake in ArcelorMittal South Africa
Gosa is a leading business executive and CEO of Akhona Group, a 100-percent Black privately held investment holding.
Tunisian businessman Habib Essayeh gains $2.1 million as shares in Euro-Cycles surge
Habib Essayeh, Euro-Cycles’ CEO, holds a beneficial 33.6-percent stake in the company.
Egyptian billionaire Yasseen Mansour’s stake in property developer Palm Hills worth over $18 million
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
Nigerian banker Herbert Wigwe gains $2.3 million in two weeks
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
South African tycoon Piet Mouton gains $32.7 million from Capitec Bank first week of 2022
Capitec is one of South Africa’s largest lenders by number of customers.
Egyptian businessman Wael Olama’s e-commerce fashion startup Gahez raises $2 million in pre-seed funding
The $2-million round funding was led by Disruptech Ventures, a $25-million VC fund.
John Kimani-linked Kakuzi expects earnings to fall by 25 percent in 2021
Kenyan media mogul John Kimani who holds a governance role in Kakuzi, is the firm’s largest shareholder with a 32.3-percent stake.
Indian tycoon Sunil Bharti Mittal’s Airtel Africa reaches all-time high as capitalization soars above $9.5 billion
Airtel Africa is a leading telecom and mobile money services provider with a presence in 14 countries in Africa.
South African executive Alan Pullinger acquires additional stake in FirstRand worth $1.84 million in 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
Egyptian construction mogul Hassam Allam bags contract to build country’s first vertical-lift bridge
Found in 1936, Hassam Allam Holding is one of the largest privately owned corporations in Egypt, the Middle East and North Africa.
Zimbabwe’s richest man Strive Masyiwa gains $10.3 million in first five days of 2022
The gains come off of a surge in the market value of his stake in Cassava Smartech.
U.S. businessman Jeffrey Stoops’ SBA Communications acquires Airtel Africa tower assets in Tanzania
Stoops holds a direct 0.77-percent stake in the U.S.-based wireless asset operator.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods completes listing, market cap soars above $1.88 billion
More than 1 billion shares in BUA Foods were exchanged by investors by midday on the Nigerian bourse.