
Top 10 richest bank founders in Africa
Africa’s richest bank founders expand financial access, influence policy, and attract investment, strengthening the continent’s banking sector and economic stability.
Africa’s richest bank founders expand financial access, influence policy, and attract investment, strengthening the continent’s banking sector and economic stability.
Billionaires.Africa ranks Tanzania’s 10 richest individuals, highlighting their investments, influence, and impact on the nation’s economic transformation.
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
Even billionaires make costly mistakes—overleveraging, overexposure, disruption, misjudgment, and poor due diligence can erase fortunes in months.
The decline comes after a strong run earlier this year. Between Feb. 11 and 19, the value of Lazraq’s holding jumped by $89.7 million.
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.
This recent setback adds to Anas Sefrioui’s previous losses, with his stake in ADH declining by $30 million between May 21 and 27.
Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
Despite the decrease, Ellison remains one of the wealthiest Black CEOs in the United States and a prominent figure among global Black CEOs.
This underscores Lamia Tazi’s leadership and strategic vision in steering Sothema to new heights in the competitive pharmaceutical industry.
This surge has pushed the group’s market cap above $255 million, delivering substantial gains to shareholders, including the wealthy Ghabbour family.
As a result of the double-digit share price increase, the market value of Medhat Khalil’s stake has risen to $28.89 million from $24.66 million.
While Sefrioui’s fortune has dipped by over $30 million in recent weeks, it’s important to note that ADH remains a strong performer year-to-date.