South African tycoon Jannie Mouton gains $27 million from Capitec’s stake in six days
Mouton owns a 5.11-percent stake in Capitec Bank, equivalent to 6,034,518 shares, through his Jf Mouton Familietrust.
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will.i.am leads $15-million investment in California flying car company, Jetson
will.i.am is no stranger to the world of innovative transportation, having previously designed and manufactured custom cars with futuristic features.
Egypt’s newest billionaires, El-Sewedy family sees billion-dollar fortune take a hit
The market value of the El-Sewedy family’s stake in Elsewedy Electric has slumped by $76 million in the past eight days.
Kenyan multimillionaire tech entrepreneur Njeri Rionge dies at 54
Rionge was one of Kenya’s most successful female entrepreneurs and a co-founder of Wananchi Group, one of Kenya’s largest companies.
Norwegian company acquires stake in Nigerian billionaire Tunde Folawiyo’s oil field
Folawiyo controls Yinka Folawiyo Petroleum, the operator of OML 113 which contains the Aje field.
Kenyan tycoon Peter Njonjo’s Twiga thwarts liquidation attempt over debt dispute
Twiga Foods is a Nairobi-based agri-tech startup co-founded by Njonjo.
South African billionaire Michiel Le Roux gains $245 million from Capitec stake
Le Roux owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Egyptian billionaire Naguib Sawiris’ Orascom Investment sells Brazilian subsidiaries for $17.8 million
Orascom Investment Holdings, which is controlled by Sawiris, will use the proceeds to develop tourist destinations.
5 businesses owned by Bishop T.D. Jakes
Bishop T.D. Jakes owns businesses in education, media, and real estate.
Kenyan exec Peter Ndegwa earns $2.1-million salary from Safaricom in 2023
Ndegwa, a seasoned executive with nearly three decades of experience has played a pivotal role in Safaricom’s recent success.
South Africa’s Ackerman family loses $35 million in 24 hours as Pick ‘n Pay shares plunge
The Ackerman family owns a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
South African executive Pieter Boone resigns as Pick ‘n Pay CEO
Replacing Boone is Sean Summers, a Pick ‘n Pay veteran who served as managing director and CEO for 11 years.
South African tycoon Adrian Gore takes $37-million loss from investment in Discovery
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
South African tycoon Stephen Brookes faces $1.8-million loss from Balwin stake
Brookes is Balwin Properties’ largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
Zimbabwean businessman John Moxon loses $10.7 million in 19 days
Moxon owns a 10.8-percent stake in Meikles Limited, a prominent Harare-based conglomerate.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.