Co-op Bank stake of Kenyan businessman Gideon Muriuki falls below $10 million
Muriuki owns a significant stake of two percent in Co-op Bank, which translates to 117,471,300 shares in the Nairobi-based lender.
African Billionaires
Egyptian tycoon Hisham Talaat Moustafa’s TMG reports $50 million in half-year profit
Earlier this year, Moustafa led TMG Holding to ink a major partnership with British real estate services provider Savills.
Egypt’s richest man faces $846-million loss from investment in Dutch fertilizer producer
Sawiris, who is the richest man in Egypt, owns a 38.8-percent stake in Dutch fertilizer producer, OCI N.V.
John W. Thompson: Black executive behind one of the world’s largest tech mergers
Thompson’s tenure at Symantec Corp., now known as Gen Digital Inc., cemented his legacy as a visionary leader and master dealmaker.
Botswana tycoon Ottapathu faces $6.7-million loss from Choppies investment
Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
Sizwe Nxasana: South African accountant who led Africa’s most valuable bank for a decade
South African business executive and distinguished accountant Sizwe Nxasana stands out as an architect of transformation and growth.
Botswana-based tycoon Jonathan Gibson gains $2 million in just one month
Gibson, the deputy chairman and CEO of Chobe Holdings, ranks as one of the richest investors on Botswana Stock Exchange.
South African Ackerman family faces $20-million loss since start of August
The Ackerman family owns a notable 25.53-percent stake in Pick ‘n Pay, constituting 124,677,238 issued shares.
South African tycoon Johan Burger gains $2.6-million from stake in FirstRand
Burger, who has been a director at FirstRand since 2009, owns a beneficial 0.11-percent stake in the leading financial services group.
CBN approves billionaire Femi Otedola as director of FBN Holdings
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
Kenyan tycoon Ken Njoroge-backed startup targets $1 million via crowdfunding
This strategic move comes on the heels of MarketForce’s remarkable feat last year, when it secured $40 million in a Series-A funding round backed by Ken Njoroge.
Bank led by Kenyan banker James Mwangi posts $182-million half-year profit
Mwangi derives the majority of his wealth from a 3.38-percent stake in Equity Group.
IBM finalizes $4.6-billion acquisition of firm linked to America’s richest Black billionaire
Under Smith, America’s richest Black billionaire, Vista Equity Partners has surpassed $100 billion in assets under management.
Egypt’s Khamis family gains $11 million from Oriental Weavers’s stake
Egyptian businesswoman and executive Yasmine Mohamed Khamis and her siblings own a 56.58-percent controlling interest in the leading carpet manufacturer.
Africa’s richest title returns to Johann Rupert, as Dangote loses $538 million
Rupert, who had briefly conceded the top spot, managed to secure his lead again with a net worth of $10.6 billion.
5 South Africans who founded billion-dollar pharma companies
Billionaires.Africa shines a spotlight on five South African trailblazers who have propelled South Africa onto the global stage of medical innovation.