Egyptian mogul Safwan Thabet gains $31 million in 32 days from stake in Juhayna
One of North Africa’s leading businessmen in the consumer goods industry, Safwan Thabet owns a majority 50.07 percent stake in Juhayna Food Industries.
African Billionaires
South African billionaire Koos Bekker gains $200 million in 15 days
Koos Bekker ranks as one of Africa’s richest billionaires, trailing fellow South African billionaires Johann Rupert and Nicky Oppenheimer.
Nigerian billionaire Olugbenga Agboola backs $205-million African tech fund
Olugbenga Agboola’s involvement in this new fund further underscores his burgeoning influence in the African tech ecosystem.
One of Malawi’s richest men, Thom Mpinganjira unveils multimillion-dollar cancer center
Mpinganjira shared the personal motivation behind this ambitious healthcare initiative.
Africa’s richest man Aliko Dangote moves $687 million from African ventures to Nigeria
This substantial repatriation is a testament to the confidence that prominent business leaders like Aliko Dangote have in the nation’s prospects.
7 companies owned by South African tech tycoon Zak Calisto
South African tech magnate Zak Calisto ranks as one of the top figures in Africa’s tech industry.
Wealthy Kenyan tycoon Andrew Ndegwa faces $1.3-million loss in 16 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
South African businessman Josua Maherbe’s stake in Remgro falls below $10 million
Malherbe’s role as a non-executive deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders.
Dangote, Rupert, Motsepe, and others too poor to rank among world’s 100 richest billionaires
The challenges faced by Africa’s billionaires in their pursuit of global wealth rankings serve as a stark reminder of the complex dynamics at play in the global market.
Arrest warrant issued for Nigerian tycoon Cletus Ibeto in $6.1-million fraud case
The issuance of a bench warrant signals a significant turn in the legal proceedings against Ibeto, adding a layer of complexity to the $6.1-million fraud case.
South African tech tycoon Zak Calisto gains nearly $140 million as Karooooo surges on Nasdaq
With a market value of more than $600 million from his 74.73-percent shareholding in Karooooo, Calisto is one of Africa’s wealthiest technology entrepreneurs.
South African businessman Gus Attridge earns $1.3-million salary from Aspen
Apart from his executive and governance roles in Aspen Pharmacare, Attridge owns a notable 4.28-percent stake in Aspen.
Zimbabwean tycoon John Moxon loses nearly $4 million in just three days
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
South Africa’s Ackerman family loses $55 million in 22 days from Pick ‘n Pay shares
The Ackerman family, known for their immense wealth, expansive real estate ventures, and diverse private holdings, owns a substantial 25.53-percent stake in Pick ‘n Pay.
Bank led by Kenyan banker James Mwangi injects $4.6 billion to drive African recovery and resilience
Mwangi, the managing director and CEO of Equity Group, shared details of this ambitious plan during a recent interview in Kenya.
Nigeria’s second-richest man Abdul Samad Rabiu’s BUA Group hits back at Aliko Dangote
Rabiu’s BUA Group counters Dangote’s accusations with a history of perseverance.