Egyptian tycoon Hisham Talaat Moustafa’s TMG inks deal with Savills for ‘The Strip’ project in Madinaty
With a 43.16-percent ownership stake in TMG Holding, Moustafa is widely recognized as one of the wealthiest investors on the Egyptian Exchange.
African Billionaires
GIPLC disburses funds raised at Igho Sanomi charity event for sick children
Sanomi, a prominent Nigerian business leader, is recognized not only for his success but also for his philanthropy.
U.S. entrepreneur drives Cairo-based startup to successful $6-million funding round
U.S. entrepreneur Erik Gordon has spearheaded the success of Cairo-based fintech startup Flash in its latest funding round.
Kenyan tycoon Ngugi Kiuna bolsters stake in BOC Kenya to counter takeover attempt
According to the report, Kiuna purchased an additional 93,826 shares in BOC Kenya, amounting to a value of Ksh7.2 million ($63,400).
Luxury goods business of Africa’s richest man Johann Rupert registers almost $6 billion in Q1 sales
Despite the impressive financial performance, Richemont experienced an unexpected drop in share price on the Swiss Exchange.
Meikles’ shares plunge spells $140-million loss for Zimbabwean tycoon John Moxon
Despite this multimillion-dollar slump, Moxon remains one of the richest investors on the Zimbabwe Stock Exchange.
Tony Elumelu’s wife, Awele, loses $2.6 million in six days as Transcorp shares slump
With the acquisition of an additional 7.3 million shares in Transcorp in June, Awele Elumelu’s total holdings in the company now stand at an impressive 2,070,794,804 shares.
Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
Paddy Zhanda emerges as Zimbabwe’s newest multimillionaire as stake in Masimba holdings surpasses $55 million
This significant increase has solidified Zhanda’s position as Zimbabwe’s latest multimillionaire businessman.
Geregu surpasses $1 billion market cap as Otedola partners AFDB to build Nigeria’s first-ever PPP power transmission project
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Firm linked to Chris Kirubi’s heirs settles $2.4-million tax charge following Uganda’s tax law amendment
Centum RE is a prominent property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Kenyan multimillionaire Baloobhai Patel boosts stake in Williamson Tea
Patel is one of the largest investors on the Nairobi Stock Exchange with a portfolio that has a current value exceeding $24 million.
5 companies owned by Nigerian billionaire Femi Otedola
As one of Africa’s richest individuals, Otedola continues to wield significant influence in Nigeria’s economic landscape.
5 assets owned by South African billionaire Douw Steyn
In 2023, the Sunday Times Rich List pegged Steyn’s fortune at $3 billion, thanks to a portfolio of luxury hotels and insurance companies.
Mauritian businesswoman Stephanie Ha Chow’s ABC Banking Corp stake is worth $5.1 million
Ha Chow holds a 14.59-percent stake in ABC Banking Corp., making her the second-largest shareholder in the Port Louis-based financial services provider.