U.S.-Nigerian telecom tycoon Sam Darwish’s stake in IHS slumps by $17 million
Darwish holds a substantial 4.17-percent stake in IHS Holdings, or 13,958,158 shares.
South African tycoon Andre Du Plessis suffers $9-million loss from Capitec stake
Du Plessis, a prominent South African businessman and co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the leading retail bank.
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
South African tycoon Jonathan Jawno rakes in $2.6 million in 26 days
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
Nigerian businessman Tony Elumelu gains nearly $20 million in 55 days from UBA
Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
Egyptian billionaire Yasseen Mansour-led firm commits $647 million to boost residential projects
Under the leadership of Mansour, Palm Hills has become one of Egypt’s leading real estate companies.
South African businesswoman Noluthando Gosa suffers $1 million loss in 32 days
Gosa is a long-standing leader of esteemed institutions and a non-executive independent director at ArcelorMittal South Africa.
South African tycoon Tshepo Mahloele loses $79 million from Capitec stake
Mahloele is the chairman and founder of Lebashe Investment Holding Group.
South African-born billionaire Patrick Soon-Shiong loses $200 million in 8 days
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
Egyptian tycoon Medhat Khalil rakes in $3.2 million from shares in Raya Holding
Khalil’s stake in Raya Holding is now worth $88 million.
South African tycoon Christopher Seabrooke suffers $3.4-million loss from Sabvest stake
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
Nigerian businessman Tony Elumelu gains $4.1 million in just one week from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
5 companies owned by Kenyan tycoon Vimal Shah
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
Moroccan tycoon Adil Douiri gains $2.9 million from Mutandis shares
The impressive growth of Douiri’s stake in Mutandis SCA underscores investors’ confidence in the Moroccan consumer goods company.
Nigerian banker Peter Ashade-led United Capital rakes in $11 million in profit in 9M 2023
Ashade said United Capital’s third-quarter performance reflects the group’s ability to deliver sustainable earnings despite the challenging business environment.
Firm linked to Egypt’s billionaire El-Sewedy family secures $50-million EBRD loan
The $50-million loan from EBRD will further enhance Elsewedy Electric’s ability to meet the growing demand for cables and electrical equipment in the region.