Nigerian billionaire Femi Otedola sells 1 million shares in Geregu Power
Femi Otedola executed a cross deal on the Nigerian Exchange via his company, Amperion Power Distribution Company Limited.
African Billionaires
Africa’s first Black billionaire Patrice Motsepe hit by $100-million loss in 8 days
Motsepe became the continent’s first Black billionaire in 2008 thanks to a fortune amassed in the mining industry through ARM.
Cameroonian entrepreneur Jean Lobe Lobe leads startup to raise $2.5 million
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem and make health services and information available.
Nedbank welcomes South African banker Jason Quinn as chief executive
Quinn joins Nedbank from Absa Group, where he served as the financial director of both Absa Group and Absa Bank.
Moroccan PM Aziz Akhannouch suffers $30-million loss from Afriquia Gaz stake
Akhannouch indirectly owns shares in Afriquia Gaz SA and Maghreb Oxygene through the multibillion-dollar conglomerate Akwa Group.
South Africa’s second-richest man gains $750 million in November
With his fortune pegged at $9.33 billion, Oppenheimer now ranks as the world’s 241st richest individual.
Kampala court halts bid by struggling Ugandan tycoon to reclaim assets mortgaged to South African creditors
Prior to the recent ruling, the International Chamber of Commerce Court of Arbitration ordered Bitature, his wife, and their companies to pay a total of $65.7 million.
Tyler Perry’s famous ‘Diary of a Mad Black Woman’ mansion sold at auction
Perry’s Atlanta estate from famed film auctioned to new owner.
Egyptian billionaire Ahmed Ezz rakes in $57.5 million in November
Egyptian billionaire Ahmed Ezz’s stake in Ezz Steel surpasses $830-million mark.
South African banker Anel Bosman earns $1.7-million salary from Nedbank in 2022
Bosman, a veteran in the banking industry, boasts decades of experience in South Africa’s financial services sector.
Egypt’s Khamis family rakes in $21.3 million from Oriental Weavers’s stake
Khamis family’s wealth surge as joint shares in Oriental Weavers increase by $21.3 million in just 69 days, driven by a double-digit jump in stock price.
Nigerian tycoon Atedo Peterside loses $1.6 million from Stanbic IBTC stake
Peterside is a key figure in the Nigerian banking industry.
South African mogul Neal Froneman-led mining group launches $500-million bond to fuel growth
Froneman — a driving force behind Sibanye-Stillwater’s transformation — holds a 0.3-percent stake in the precious metal mining group.
Kenyan tycoon James Mwangi-led lender reports nine-month profit exceeding $230 million
Under the leadership of Mwangi, Equity Group has solidified its position as a dominant force in East and Central Africa.
George Foreman’s elite cars are heading to auction
Boxing legend George Foreman is auctioning over 50 luxury cars, including Ferraris and Porsches, on Hagerty Marketplace.
Tunisian tycoon Moncef Mzabi gains $3 million from ARTES stake
Mzabi owns 24.8 percent of Automobile Reseau Tunisien et Services (ARTES), which translates into 9,370,387 ordinary shares.