Nigerian pharma tycoon Fidelis Ayebae’s stake in Fidson is now worth $14.8 million
Under Ayebae’s guidance, Fidson Healthcare has achieved exceptional financial growth, reporting a significant increase in profits for the 2022 fiscal year.
African Billionaires
South African billionaire Saltzman family faces $54 million loss in 83 days
Lynette and Ivan Saltzman, who established Dis-Chem Pharmacies in 1978, presently hold a beneficial 35.15-percent stake in the healthcare giant.
Aliko Dangote’s brother Sayyu Dantata gains over $10 million from MRS Oil stake
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.
Kenyan tycoon John Kimani’s Kakuzi stake tanks, losing $1.6 million in two days
Despite this setback, Kimani retains his position as one of the wealthiest investors on the Nairobi Securities Exchange.
Egyptian billionaire Naguib Sawiris’ net worth bounces back above $6 billion
The surge comes as a welcome development for Sawiris after witnessing a dip in his wealth below $6 billion earlier this month.
7 companies owned by Baloobhai Patel, one of Kenya’s richest investors
In a bid to ensure a strong legacy for his family’s wealth and investments, Patel has initiated a comprehensive restructuring process to consolidate his equity positions.
Africa’s richest man Johann Rupert’s Reinet posts $81-million net asset value plunge in Q1
Rupert holds a 24.9-percent stake in Reinet Investments, contributing to his status as Africa’s richest man.
Shoprite, linked to South African billionaire Christo Wiese, expects sales to surpass $12 billion
Wiese’s 11.63-percent stake in Shoprite is worth $952 million, cementing his position as one of the leading investors on the Johannesburg Stock Exchange.
Kenyan tycoon James Mwangi-led Equity Group pours $511 million into social impact initiatives
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
Kenyan retail tycoon Atul Shah receives green light to pursue refund case against Imperial Bank
Shah is the former managing director and CEO of Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets.
South African executive Josua Malherbe’s Remgro stake nets him nearly $2 million
Malherbe’s role as a non-executive co-deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders.
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
Pick ‘n Pay, led by South African Ackerman family, reveals $14.1 million in unclaimed cash-back rewards
The latest disclosure of unclaimed cash-back rewards underscores Pick ‘n Pay’s commitment to its loyal customers.
Nigeria’s First Bank appoints billionaire businessman Femi Otedola as non-executive director
The move cements Otedola’s position as a leading figure in Nigeria’s business landscape and underscores his influence in the country’s financial sector.
Segun Agbaje’s stake in Nigeria’s most valuable lender, GTCO, is worth $2 million
Agbaje, the group CEO of GTCO, holds a minority 0.14-percent stake in the company, amounting to a total of 41,628,001 shares.
South African tycoon Stephen Brookes suffers $5-million loss from Balwin stake
Brookes owns a 36.08-percent stake in Balwin Properties.