South African businessman Barry Swartzberg’s stake in Discovery plummets by $20.6 million
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
African Billionaires
Ethiopia’s richest man Mohammed Al-Amoudi loses $300 million in just four days
Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.
South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
Uganda’s richest investor Charles Mbire loses $3.6 million as MTN Uganda shares slide
Mbire, the wealthiest investor on the Uganda Stock Exchange. loses $3.6 million as MTN Uganda’s stock price takes a hit.
Mike Adenuga’s Conoil reports record $6.5 million profit in Q1 2023
Adenuga controls a majority stake of 74.4 percent in Conoil.
Egyptian banker Karim Awad drives EFG Hermes to success: Q1 profits exceed $30 million
The group’s impressive financial performance underscores its position as a leading financial institution in the region.
Jit Bhattacharya’s BasiGo to roll out 16 EV charging stations in Nairobi
The announcement was made during the launch of the firm’s first-ever public charging station in Nairobi.
Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder
The Ndegwa family has strengthens its position in NCBA Group.
Tyler Perry faces off against 50 Cent, Shaq, Diddy in battle for $3-billion BET business
Perry expands involvement in BET acquisition amidst speculation of collaborations with prominent figures.
South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
Greek multimillionaire John Coumantaros makes $8.94 million in profit in 37 days from Flour Mills stake
Coumantaros holds a 63.34-percent stake in Flour Mills.
American-Nigerian mogul Sam Darwish’s IHS misses expectations with Q1 profit of $7.6 million
IHS Holding ranks as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man
Akbaraly’s journey from humble beginnings to global empowerment.
U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Egyptian magnate Abdallah Sallam’s MNHD rakes in nearly $10 million in profit in Q1 2023
Sallam owns a five-percent stake in MNHD.