7 assets owned by struggling Kenyan tycoon David Langat
Langat is the owner of DL Group, a Kenyan conglomerate with interests in tea farming and exports, trading, real estate and hospitality.
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Egyptian billionaire Naguib Sawiris to launch real estate project in Iraq, expanding reach across MENA region
Sawiris’ decision to invest in Iraq’s real estate development marks a significant move nearly two decades after his investment in the country’s telecom sector.
Nigerian tycoon Dahiru Mangal’s Max Air suspended over safety concerns
Mangal, the owner of Max Air, owns Afdin Group, which owns an LPG Plant, rice mills and fertilizer blending plants.
Shell alleges Nigerian billionaire Benedict Peters’ Aiteo owes $2.6 billion in oil loans
In the face of the recent lawsuit, Peters is scheduled to hold a crucial meeting with officials from the Zimbabwean government.
South African tech tycoon Jens Montanana’s stake in Datatec slumps by $8 million in 28 days
Montanana, who founded Datatec in 1986, owns a 14.26-percent stake in the South African-based ICT solutions and services firm.
South African tycoon Noluthando Gosa suffers nearly $5-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in ArcelorMittal South Africa, the South African unit of Luxembourgish steel maker ArcelorMittal.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $70 million, pushing YTD gains above $110 million
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Dangote’s sugar business to merge with rice- and salt-processing outfits, creating giant food conglomerate
The merger between Dangote Sugar and Nascon, along with Dangote Rice, is among the matters to be deliberated during the upcoming board of directors meeting.
Firm linked to son of America’s second-richest Black man inks million-dollar deal with Nickelodeon
David Steward II, son of America’s second-richest Black man, founded Lion Forge Animation in 2019.
5 companies owned by Africa’s richest man Johann Rupert
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
South African billionaire Christo Wiese’s Invicta broadens global footprint with Imexpart takeover
As the chairman of Invicta, Wiese controls a significant ownership stake of 19.23 percent in Invicta Holdings.
Mike Adenuga’s Conoil stake nears $75 million with $22-million boost
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
South African billionaire Stephen Saad’s Aspen Pharma stake falls by $29 million in 27 days
Saad’s stake in Aspen Pharma has fallen by $29 million as investors factor in the challenging operating conditions in the pharmaceutical industry.
Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
7 companies owned by Tanzanian multimillionaire Ghalib Said Mohamed
Tanzanian multimillionaire Ghalib Said Mohamed is the chairman of GSM Group, one of East Africa’s most prosperous conglomerates.
Botswana-based mogul Jonathan Gibson gains over $5 million from stake in Chobe Holdings
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.