Top 10 richest people in Tanzania
Billionaires.Africa ranks Tanzania’s 10 richest individuals, highlighting their investments, influence, and impact on the nation’s economic transformation.
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CA&S Group, led by Botswana executive Duncan Lewis, declares $6.4 million dividend for investors
The payout represents a 24.9 percent increase from the previous year, reflecting the company’s steady financial and operational growth.
James Mwangi leads East Africa’s largest bank to $377 million profit in 2024
Under James Mwangi, Equity Group has strengthened its presence across Uganda, Tanzania, South Sudan, Rwanda, and the Democratic Republic of the Congo.
Stephen Saad’s wealth takes a hit as Aspen Pharmacare stock plunges, erasing $41 million
This downturn follows a $44 million gain in January, which had lifted his stake to R10.26 billion ($550.1 million).
Glencore, led by South Africa’s Gary Nagle, commits $329 million to cleaner fuels
The funds will go toward installing new equipment at Astron Energy’s 100,000-barrel-per-day crude oil refinery near Cape Town.
Zenith Bank’s 2024 profit hits $671 million with Adaora Umeoji at the helm
Zenith Bank reports strong $670 million profit, strengthens position among Africa’s most profitable lenders
Pepkor, backed by billionaire Christo Wiese, strikes $104 million deal to expand its retail empire
The deal will add 462 stores across South Africa, Botswana, Lesotho, Namibia, and Eswatini to Pepkor’s expanding retail network, strengthening its position in the adultwear market.
After Saudi shipment in February, Aliko Dangote’s refinery sends jet fuel to the U.S.
Beyond the local market, the refinery has expanded its reach across Africa, supplying diesel and aviation fuel to Cameroon, Angola, Ghana, and South Africa.
South Africa’s richest man Johann Rupert loses $1.1 billion, net worth drops below $16 billion
Since the start of March, Richemont’s shares have dropped more than 11 percent, bringing the value of his stake down from $12.5 billion to $11.5 billion.
Jim Ovia, Nigeria’s richest banker, makes $10.2 million from Zenith Bank stake
As the founder and chairman of Zenith Bank, Ovia holds a 16.2-percent stake, totaling 5,082,800,739 shares.
London-based M&G Investment raises holding in Pick n Pay to $117.3 million
The latest move brings M&G’s total holdings in the company above $115 million, underscoring its confidence in Pick n Pay’s turnaround strategy.
Kenyatta family, Kenya’s largest landowners, sees $9 million gain from NCBA stake
The gain follows a strong rebound in the bank’s shares on the Nairobi Securities Exchange (NSE).
Anglo American, led by South Africa’s Duncan Wanblad, plans to list De Beers
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
Hisham Talaat Moustafa’s TMG partners with Alameda for $100 million healthcare expansion in Egypt, Saudi Arabia
Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
Palantir CEO Alex Karp gains $1.5 billion in two weeks as net worth rises
Palantir’s stock rebound boosts Alex Karp’s fortune to $9.2 billion, reinforcing his position as the third-richest Black person in the U.S.
Tony Elumelu, UBA executives spend $19 million on travel in 2024
This expense was part of the $445 million classified under “other operating expenses” in 2024, an increase from $242.7 million the previous year.