South Africa’s richest man Johann Rupert loses $1.05 billion in September
The billion-dollar drop in his net worth brings his year-to-date wealth loss to $3.55 billion.
Nigerian banking magnate Jim Ovia has now lost $60.4 million from stake in Zenith Bank
He is on course to earn an interim dividend of $3.6 million from his stake in the bank.
Ghana’s richest investor Daniel Ofori has now lost nearly $10 million from stake in GCB Bank
Ofori, the wealthiest shareholder on the Ghana Stock Exchange, owns 7.49 percent of GCB Bank.
Nigerian billionaire Femi Otedola’s power company eyes $579-million market cap
The company has an implied valuation of $579 million.
Moroccan PM Aziz Akhannouch has now lost $400 million since start of 2022
Akhannouch’s net worth has fallen by $400 million since the start of 2022.
Led by Egyptian banker Karim Awad, EFG Hermes concludes advisory to $102.4-million bond program
Under Awad, EFG Hermes’ assets have risen to more than $2.7 billion.
South African businesswoman Noluthando Gosa loses $7.8 million in nine weeks
Gosa has a beneficial 6.15-percent stake in the Gauteng-based steelmaker.
Tanzanian investor Hans Macha has gained nearly $1.5 million since beginning of 2022
Macha owns a total 1.9-percent stake in CRDB Bank.
South African billionaire banker Michiel Le Roux’s Capitec posts over $255 million in profit in H1 2022
Le Roux owns a sizable 11.41-percent stake in Capitec Bank.
Namibian tycoon Koos Brandt’s Capricorn Group spends nearly $1 million on charity
This represents 1.3 percent of the group’s profit after tax for the period under review.
Kenyan media mogul John Kimani acquires additional $1.4-million stake in Kakuzi
Kimani recently received approval to increase his ownership to just under 40 percent.
Swazi billionaire Natie Kirsh has now lost $640 million in 15 days
Kirsh is Eswatini’s richest man.
Namibian tycoon Quinton van Rooyen’s Trustco files lawsuit against Bank of Namibia
Van Rooyen owns 63.94 percent of Trustco.
Nigerian-Lebanese tycoon Bassim Haidar plans to launch BNPL e-commerce product in South Africa
The product will provide e-commerce suppliers with a cost guarantee.
South African exec Josua Malherbe loses $1.4 million from Remgro stake in 17 weeks
Malherbe owns a beneficial 0.21-percent stake in the investment holding.
Oprah Winfrey, Apple TV+ end multiyear content deal
In recent years, Winfrey has focused on her media empire.