Egyptian billionaire Ahmed Ezz gains $137 million as Ezz Steel shares surge
Ezz holds a majority 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
Centum, linked to Chris Kirubi’s heirs, acquires 4.64 million shares under share buyback program
The late Kirubi, a prominent Kenyan tycoon and serial investor, owned a 31-percent stake in Centum Investments before his passing in 2021 at 80.
Tanzanian gold magnate Ketan Patel suffers $2.3-million loss as Shanta Gold shares retreat
Patel, the founder of the Tanzania-based mining company, presently holds a 4.22-percent stake in Shanta Gold, or 44,274,017 ordinary shares.
Egyptian billionaire Mohamed Al Fayed’s net worth surges by $100 million in 107 days
Al Fayed’s net worth has soared by $100 million, reaching $2.1 billion from $2 billion on April 10.
Telkom to join forces with South African gov’t following Sipho Maseko’s multimillion-dollar bid
The recent developments come after Maseko, through his firm Afrifund Investments, made a bold bid to acquire a 35-percent stake in Telkom.
South African billionaire Saltzman family faces $54 million loss in 83 days
Lynette and Ivan Saltzman, who established Dis-Chem Pharmacies in 1978, presently hold a beneficial 35.15-percent stake in the healthcare giant.
Kenyan tycoon James Mwangi-led Equity Group pours $511 million into social impact initiatives
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
Pick ‘n Pay, led by South African Ackerman family, reveals $14.1 million in unclaimed cash-back rewards
The latest disclosure of unclaimed cash-back rewards underscores Pick ‘n Pay’s commitment to its loyal customers.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $260 million
This upswing has propelled his fortune above the $9.3-billion mark, solidifying his position as one of Africa’s richest billionaires.
Mauritian tycoon Arnaud Dalias loses more than $1 million in 20 days
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
South African tycoon Paul Hanratty rakes in over $3 million as Sanlam shares skyrocket
As one of South Africa’s most affluent executives, Hanratty’s stake in Sanlam has surged by more than $3 million in just 52 days.
U.S.-Nigerian telecom tycoon Sam Darwish nets $40 million from IHS Holdings stake
Darwish holds a substantial 4.17 percent stake in IHS Holdings, amounting to 13,905,235 shares.
Moroccan Prime Minister Aziz Akhannouch’s wealth plummets by $600 million in 2023
Akhannouch derives the majority of his fortune from Akwa Group, a multibillion-dollar conglomerate founded in 1932 by his father.
Nigerian multi-award-winning artist Davido donates more than $300,000 to orphanages across Nigeria
While Davido’s philanthropic efforts are commendable, his music career continues to soar to new heights.
South African tycoon Zak Calisto’s Karooooo posts impressive $9-million profit in Q1
Under Calisto’s leadership, Karooooo Limited has become a leading provider of intelligent transportation management and analytics.
SpaceX, led by world’s richest man Elon Musk, launches satellite Internet service in Kenya
Starlink officially launched in Africa in 2022, with Musk claiming that the satellite Internet service provider will operate anywhere on Earth where it is legally permitted.