Standard Bank’s market value drops below $20 billion amid non-compliance sanction
This decline has shaved $609.22 million off its market capitalization, reducing it from $20.18 billion to $19.57 billion.
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JP Morgan bets big on Mpumi Madisa-led Bidvest with $241 million stake acquisition
The banking giant invested R4.42 billion ($241.29 million) to secure a 5.03 percent beneficial stake in Bidvest.
Moniepoint, led by Tosin Eniolorunda, receives Visa backing after reaching $1 billion valuation
This investment signals the beginning of a partnership between Visa and Moniepoint, a collaboration that could reshape Africa’s digital payments landscape.
Nigerian insurance tycoon Wole Oshin makes $1.9 million from Custodian shares
As the largest shareholder and group managing director, Oshin wields considerable influence, holding a 27.05 percent stake in Custodian Investment.
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.
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.