Egypt’s richest man Nassef Sawiris sees Adidas stake climb to $3.3 billion
The rise in the market value of his stake in Adidas, from $3.1 billion to $3.35 billion, comes on the back of a strong rally in the company’s shares.
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Internet group led by South African billionaire Koos Bekker to invest $20 billion in Europe
Prosus, which holds a diverse portfolio spanning fintech, social media, edtech, and food delivery, is doubling down on growth opportunities in the region.
Marvin Ellison's wealth soars: Black executive's stake jumps $8.5 million
After a strong year in 2024, his stake in Lowe’s has gained over $8.5 million in value in just the past 16 days.
Nigerian billionaire Adebayo Ogunlesi’s net worth increases to $2.3 billion one week after joining OpenAI board
The sharp increase in his fortune is tied to Adebayo Ogunlesi’s investment portfolio, valued at over $1.8 billion.
Trustco, controlled by Namibian businessman Quinton van Rooyen, expands share capital with $3.2 million issuance
The new shares were allocated to Riskowitz Value Fund on Jan. 21, 2025, marking the first tranche of the acquisition.
Egyptian billionaire Khamis family’s stake in Oriental Weavers tops $200 million
Since the start of 2025, their shares have increased by $13.32 million, bringing the market value to $200.36 million.
Sayyu Dantata, half-brother of Africa's richest man, struggles to sell $22 million Banana Island mansion
Dantata’s decision to sell the mansion coincides with reports that he is contemplating a return to his hometown of Kano State.
Nigerian gambling magnate Kessington Adebutu-backed Wema Bank to raise additional $128 million
The move aims to strengthen its capital base and solidify its position as a leading player in the country’s financial sector.
Angola to sell stakes in Unitel, years after gaining control from Africa’s first female billionaire
The decision follows nearly three years of state control after Unitel was seized from Africa’s first female billionaire, Isabel dos Santos.
South African businessman Barry Swartzberg loses $13.8 million on Discovery shares
The recent decline, however, reflects a shift in investor sentiment, despite Discovery's robust financial results.
Luxembourg-based firm controlled by South Africa’s richest man hits $7.2 billion in net assets
Its portfolio includes stakes in Pension Insurance Corporation Group Limited, British American Tobacco (BAT), and other diversified assets.
South African billionaire Nicky Oppenheimer adds $225 million to his net worth
Oppenheimer’s fortune has risen from $11.6 billion at the start of the year to $11.8 billion as of Jan. 22, showcasing consistent financial gains.
SeamlessHR secures $9 million series-A extension from Gates Foundation, Helios Venture
The company continues to scale its operations, providing innovative solutions to empower businesses across Africa.
Azza El-Sewedy's stake in Egyptian electric giant rises by $11.4 million in 22 days
This surge brings her total stake to over $100 million, reflecting the company’s solid performance on the Egyptian bourse.
Nigerian gambling magnate Kessington Adebutu loses $3.6 million from Wema Bank shares
This setback follows a challenging year for Adebutu, who saw his Wema Bank stake drop by $2.73 million in 2024.
South African mining expert, Moses Madondo, to lead billion-dollar thermal coal exporter
Madondo, who currently serves as CEO of De Beers Group Managed Operations, brings over 25 years of experience in the mining industry to his new role.