Billionaire banker James Mwangi appointed as Kenya’s virtual university chancellor
Under Mwangi, Equity Group achieved record-breaking profits of $350 million at the end of the 2022 fiscal year.
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Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
South African tycoon Barry Swartzberg rakes in $10-million gain on JSE
Swartzberg’s stake in Discovery has increased from $205.01 million on July 5 to $215.05 million.
5 richest bankers in Nigeria
Billionaires.Africa has identified and ranked the five richest bankers who have redefined the Nigerian financial landscape.
Hani Berzi gains $40 million, solidifying his place among Egypt’s richest investors
Berzi, who founded Edita Food Industries in 1996, owns a significant 41.95-percent stake in the consumer goods conglomerate.
South African billionaire-led firm to snap up Viagra and others for $280 million
Aspen Pharmacare is a branded pharmaceutical company.
South African tycoon Jonathan Jawno faces $106-million stock wipeout
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
Egyptian billionaire Ghabbour family gains $33 million as GB Corp shares soar
The Ghabbour family currently holds a significant 62.9-percent stake in the automaker.
Kenyan tycoon Baloobhai Patel acquires 2.5 million shares in Absa Kenya
At the current market price, Patel’s stake in Absa Kenya is estimated to be worth $4.31 million.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Kenyan real estate mogul Edward Kirathe’s Acorn to transfer $24.8 million worth of properties to I-REITs
Kirathe, a top figure in Kenya’s real estate sector, boasts an extensive 25-year experience in the East African real estate domain.
Nigerian tycoon Akintoye Akindele arrested over alleged fraud
As an entrepreneur, venture capitalist, and lecturer, Akindele has held significant positions in various companies across the world.
7 companies linked to South African tycoon Christopher Seabrooke
As a director of firms like Brait and Transaction Capital Limited, Seabrooke leverages his expertise to navigate and drive growth for companies.
South African tycoon Piet Mouton rakes in $84.1 million as Capitec Bank stake surpasses $640 million
Mouton presently owns 5.78 percent of Capitec Bank, or 6,685,622 shares.
Million-dollar estate owned by Kenyan tycoon David Langat pulled from auction at the last minute
Langat built his fortune through import and export ventures and diversified into agribusiness, real estate, energy, hospitality and insurance.
Kenya’s Merali family suffers $4.8 million loss in 18 days
Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.