Hitesh Anadkat, one of Malawi’s richest men, rakes in $70 million, pushing YTD gains above $110 million
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
African Billionaires
Dangote’s sugar business to merge with rice- and salt-processing outfits, creating giant food conglomerate
The merger between Dangote Sugar and Nascon, along with Dangote Rice, is among the matters to be deliberated during the upcoming board of directors meeting.
Firm linked to son of America’s second-richest Black man inks million-dollar deal with Nickelodeon
David Steward II, son of America’s second-richest Black man, founded Lion Forge Animation in 2019.
5 companies owned by Africa’s richest man Johann Rupert
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
South African billionaire Christo Wiese’s Invicta broadens global footprint with Imexpart takeover
As the chairman of Invicta, Wiese controls a significant ownership stake of 19.23 percent in Invicta Holdings.
Mike Adenuga’s Conoil stake nears $75 million with $22-million boost
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
South African billionaire Stephen Saad’s Aspen Pharma stake falls by $29 million in 27 days
Saad’s stake in Aspen Pharma has fallen by $29 million as investors factor in the challenging operating conditions in the pharmaceutical industry.
Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
7 companies owned by Tanzanian multimillionaire Ghalib Said Mohamed
Tanzanian multimillionaire Ghalib Said Mohamed is the chairman of GSM Group, one of East Africa’s most prosperous conglomerates.
Botswana-based mogul Jonathan Gibson gains over $5 million from stake in Chobe Holdings
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.
Kenyan businessman John Kimani earns nearly $1.6 million from Kakuzi shares
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
American-Nigerian mogul Sam Darwish’s IHS dragged to court by French firm Wendel
Under the leadership of Darwish, IHS Holding has also witnessed modest growth. The company’s total assets have reached $6.49 billion.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, sees $120-million block trading deal after listing
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
5 companies owned by South African tycoon Piet Mouton
These stakes contribute to Mouton’s expanding wealth and reinforce his position as one of South Africa’s leading business figures.
DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.