Ugandan tycoon Charles Mbire’s MTN Uganda posts more than $60-million profit in H1 2023
Holding a 3.99-percent stake in the telecom services provider, Mbire’s stake in MTN Uganda is $42 million.
African Billionaires
Mxolisi Mgojo: South African tycoon with $4.8 million in Exxaro shares
Under Mgojo’s leadership, Exxaro Resources attained unprecedented heights.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.1 million in 19 days
This $1.13-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Meet Clifton R. Wharton, Jr.: First Black CEO of a Fortune 500 company
Wharton, Jr.’s story is an extraordinary tale of a man who refused to be limited by the societal constraints of his time.
Johann Rupert’s wealth slump could shake Africa’s richest ranking
The decline in Rupert’s fortune and the surge in Nigerian billionaire Aliko Dangote’s net worth set the stage for a potential shift in the rankings of Africa’s richest individuals.
Nigerian gambling magnate Adebutu’s daughter faces $1-million loss in Wema Bank stake
Abolanle Matel-Okoh, daughter and CEO of Havilah Ventures, who is also on the board of Wema Bank Plc, holds a 4.54-percent stake in Wema Bank.
Gus Attridge gains $55 million from investment in Aspen
Attridge, Aspen’s group chief advisor who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharma company.
Dangote’s net worth hits $11.2 billion, paving way to reclaim Africa’s richest title
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
Kenyan tycoon Edward Kirathe’s property firm to raise $10.5 million from investors
Established in 2001 by Kirathe, Acorn Holdings Africa has completed over 65 projects during its two-decade tenure.
7 companies owned by South African billionaire Saltzman family
Billionaires.Africa has identified seven companies with direct or indirect interests associated with the Saltzman family.
Billionaire banker James Mwangi appointed as Kenya’s virtual university chancellor
Under Mwangi, Equity Group achieved record-breaking profits of $350 million at the end of the 2022 fiscal year.
Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
South African tycoon Barry Swartzberg rakes in $10-million gain on JSE
Swartzberg’s stake in Discovery has increased from $205.01 million on July 5 to $215.05 million.
5 richest bankers in Nigeria
Billionaires.Africa has identified and ranked the five richest bankers who have redefined the Nigerian financial landscape.
Hani Berzi gains $40 million, solidifying his place among Egypt’s richest investors
Berzi, who founded Edita Food Industries in 1996, owns a significant 41.95-percent stake in the consumer goods conglomerate.