Egypt’s NSPO acquires $52-million stake in Pakinam Kafafi-led TAQA Arabia
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
African Billionaires
Led by Kenya’s richest families, NCBA plans to expand with ten new branches in Kenya
NCBA Group, a leading financial services conglomerate, is partially owned by some of Kenya’s richest families, Kenyatta, Merali, and Ndegwa families.
Nigeria’s second-richest man Abdul Samad Rabiu splashes $4.8 million to acquire new shares in BUA Cement
Based on the current share price, the total market value of Rabiu’s 96.13-percent stake in BUA Cement now stands at N3.22 billion ($4.06 billion).
Centum, linked to Chris Kirubi’s heirs, acquires 4.64 million shares under share buyback program
The late Kirubi, a prominent Kenyan tycoon and serial investor, owned a 31-percent stake in Centum Investments before his passing in 2021 at 80.
5 companies owned by the world’s richest Black woman, Oprah Winfrey
Billionaires.Africa has closely monitored prominent companies founded or partly owned by Winfrey, identifying her influence over these ventures.
Tanzanian gold magnate Ketan Patel suffers $2.3-million loss as Shanta Gold shares retreat
Patel, the founder of the Tanzania-based mining company, presently holds a 4.22-percent stake in Shanta Gold, or 44,274,017 ordinary shares.
Alan Pullinger, CEO of Africa’s largest bank, gains $3.8 million in 57 days
Pullinger owns a minority shareholding of approximately 0.1 percent in FirstRand.
Egyptian billionaire Mohamed Al Fayed’s net worth surges by $100 million in 107 days
Al Fayed’s net worth has soared by $100 million, reaching $2.1 billion from $2 billion on April 10.
7 companies owned by Egypt’s third-richest man, Mohamed Mansour
Mansour co-owns Mansour Group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
Nigerian businessman Atedo Peterside gains $2.6 million from Stanbic IBTC stake
Peterside, a key figure in the Nigerian banking industry, holds a significant 1.14-percent stake in Stanbic IBTC.
Meet Gabonese oil tycoon Samuel Dossou-Aworet, who owns $170-million share in Nigeria’s top energy group
Dossou-Aworet’s meteoric rise from humble beginnings to the pinnacle of Africa’s energy elite is a tale of determination and razor-sharp business acumen.
Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
Telkom to join forces with South African gov’t following Sipho Maseko’s multimillion-dollar bid
The recent developments come after Maseko, through his firm Afrifund Investments, made a bold bid to acquire a 35-percent stake in Telkom.
Kenya’s Mukuha family-owned Naivas to open two new branches within a month
Naivas International was established in 1990 by the late Kenyan tycoon Peter Mukuha Kago.
Kenyan tycoon James Mwangi-led Equity Group partners with Schneider to power 1 million households in DRC
Mwangi revealed that the collaboration aims to ensure energy becomes a fundamental right for the people of the DRC.
Botswana tycoon Ramachandran Ottapathu challenges Choppies Supermarket’s Zimbabwe eviction
Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.