South African businessman Christopher Seabrooke’s Sabvest stake hits $77 million in 2024
Christopher Seabrooke’s stake in Sabvest Capital grew by $10.57 million in 2024, reaching a market value of $77 million by year-end.
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Beltone accelerates regional expansion with Baobab majority stake acquisition
This acquisition is set to accelerate Beltone’s growth strategy, centered on innovation, as the firm seeks to leverage advanced technologies like data science and AI.
Des de Beer adds to Lighthouse stake with $13.7 million share purchase in 2024
Des de Beer increased his Lighthouse Properties stake by 1.61 percent, acquiring $13.7 million in shares throughout 2024.
Ghana’s richest investor Daniel Ofori gains $2.9 million from GCB Bank stake in 2024
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.
Kenyan investment banker Jimnah Mbaru gains $1.8 million in 2024
Since the start of the year, his stake has gained Ksh118.3 million ($1.77 million), benefiting from the strong performance on the Nairobi Securities Exchange (NSE).
Haldane McCall raises $1.6 million through Housing unit sales
This milestone underlines the company’s commitment to alleviating Nigeria’s housing deficit while balancing affordability and quality.
Terrence Moolman makes $15 million from Caxton stake in 2024
This not only cements Moolman’s position among South Africa's wealthiest investors but also highlights his significant influence in the media industry.
Nearly $20 billion added to the wealth of African billionaires in 2024
During the year, the list of African billionaires expanded from 25 to 27.
After selling Nigerian unit to Oando, Eni increases production at Baleine Field in Ivory Coast
The second phase, accelerated from its original late-2024 timeline, now produces 60,000 barrels of oil per day and 70 million standard cubic feet of associated gas daily.
Craig Arnold makes $69.1 million from Eaton stake in 2024
Eaton CEO Craig Arnold’s 0.14% stake, equivalent to 737,044 shares, has surged by $69.14 million amid a stock rally in 2024.
Royal Bank of Canada buys $356.3 million worth of Discovery shares
Royal Bank of Canada acquires a 5.0146% stake in Discovery, signaling confidence in South Africa’s financial services and insurance sector.
Mansour Group joins China’s SAIC Motor for $135-million Egyptian auto plant
The project, announced at a ceremony with Egypt’s Prime Minister Mostafa Madbouly, supports Egypt’s goal to localize vehicle production.
FCMB Group secures $95.2 million in oversubscribed public offer
The bank issued 19.8 billion new shares, priced at N7.3 ($0.005) each, bringing in over 39,000 new investors—underscoring rising interest in the bank.
Nigerian oil tycoon Gabriel Ogbechie gains $2.2 million from Eterna in 2024
The gain comes amid economic headwinds, including a 41.5 percent devaluation of the naira after the Central Bank of Nigeria liberalized exchange rates.
Nigeria’s Access Bank sets sights on Moroccan market
The strategy targets key markets including Morocco, Egypt, and the U.S., reflecting the bank’s commitment to expanding its global presence.
Supermatch maker, Mastermind Tobacco, to auction assets as debt mounts
The firm, known for its flagship Supermatch cigarette brand faces final blow amid mounting financial pressures.