Burkinabe multimillionaire Simon Tiemtore leads acquisition of Orabank
Tiemtore is the founder of Lilium Capital, a private equity firm that is owns Vista Group, which is acquiring Ora Group.
African Billionaires
Zimbabwe’s latest multimillionaire Paddy Zhanda gains $49 million
The significant increase has further cemented Zhanda’s position as a leading Zimbabwean businessman.
KRA pursues $12.5-million tax claim against Kenya’s Mukuha family
The KRA’s demand is linked to a 31.5-percent stake sale in Naivas International in 2020 by members of the Mukuha family.
Comment: Embracing self-awareness — the key to genuine economic transformation in Africa
The momentum is here. We are witnessing a shift in mindset among many of Africa’s political leaders that is essential for Africa’s true economic emergence.
5 South African tech tycoons you should know
South Africa’s tech ecosystem has witnessed a paradigm shift thanks to a league of pioneering tech entrepreneurs and visionaries
Tunisian tycoon Mehdi Tamarziste suffers $3-million loss in 114 days
Despite the recent slump in the market value of his stake, Tamarziste remains one of the country’s richest businessmen.
Nigerian banker Herbert Wigwe’s Access Holdings pours $7 million into Kenyan unit
Earlier this year, under Wigwe’s leadership, Access Holdings pledged a substantial $300-million capital investment to its flagship subsidiary.
Namibian mogul Koos Brandt gains $3 million from Capricorn Group stake
Brandt is the largest individual shareholder in Capricorn Group.
7 assets owned by Nigerian billionaire Mike Adenuga
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
South African banker Gerrie Fourie gains nearly $24 million in 72 days
Fourie, who is the retail bank’s CEO, possesses a notable 0.89-percent stake in the bank, or 1,027,673 ordinary shares.
South African billionaire Michiel Le Roux’s Capitec stake surges to $1.25 billion
le Roux holds an 11.39-percent ownership stake in Capitec Bank, or 13,190,043 ordinary shares.
Kenyan tycoon Edward Kirathe’s Acorn plans expansion for student hostels in Nairobi
Kirathe’s influence in Kenya’s real estate sector spans 25 years, making him a prominent figure in the East African real estate domain.
Adidas proves it can survive without Kanye West as market cap soars above $35 billion
Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.
7 assets owned by Nigerian multimillionaire Ernest Azudialu-Obiejesi
Azudialu-Obiejesi is a towering figure in the nation’s energy landscape.
Egyptian billionaire Yasseen Mansour loses $1.5 million from stake in real estate firm
Mansour owns a substantial 6.87-percent stake in Palm Hills Development, or 202,291,698 ordinary shares.
Britam, partly owned by Kenyan magnates, taps Airtel to expand insurance reach
Leading Kenyan billionaires such as Mbaru, Munga, and Mwangi hold significant stakes within the conglomerate.