Nigerian billionaire Femi Otedola sells his Transcorp stake to Tony Elumelu
Otedola has sold all his shares in Transcorp to Elumelu, the company’s largest shareholder.
Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
Aliko Dangote’s salt-processing firm delivers record profits in Q1 2023
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Nigerian billionaires Adenuga, Otedola make waves with Transcorp stakes
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
Transcorp’s top shareholder title within reach for Femi Otedola
Nigerian billionaire Femi Otedola is the third-richest investor on the Nigerian Exchange.
Anas Sefrioui takes $13.5-million hit as ADH shares slump in Moroccan market
Sefrioui, one of Morocco’s richest people, owns a 64.1-percent stake in Moroccan property developer, ADH.
James Mwangi’s Equity Group creates more than 500 jobs in regional expansion drive
As the CEO and a significant shareholder in Equity Group, Mwangi has helped the lender expand operations beyond Kenya.
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
British-American actor David Oyelowo’s streaming service Mansa scores $8 million in funding
Mansa is a Los Angeles-based streaming platform.
Michael Jordan scores big with $300-million boost in net worth this year
Since the start of the year, Jordan’s net worth has risen by $300 million, from $1.7 billion to $2 billion.
Fund set up by Moroccan King Mohammed VI to rescue hotel chains in distress
The Mohammed VI Investment Fund aims to revive activity in Morocco’s tourism sector.
How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion
Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5-billion fortune from his diverse investments.
Aliko Dangote hits $20-billion net worth, joining elite ranks of world’s billionaires
The surge in Dangote’s net worth makes him the 82nd richest man in the world.
Aliko Dangote promises higher returns for Dangote Cement’s shareholders
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.