Zenith Bank CEO Ebenezer Onyeagwu invests in bank’s future with 8 million new shares
Onyeagwu’s stake in Zenith Bank has increased from 0.26 percent, or 82,176,078 shares, to 0.29 percent, or 90,176,078 shares.
African Billionaires
Johann Rupert’s Richemont smashes expectations with $4.25 billion in profit in 2023
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
Nigerian oil tycoon Abdulwasiu Sowami completes acquisition of Ardova, pays Femi Otedola $19 million
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
MTN Nigeria CEO Karl Toriola’s daughter acquires shares in company
While Damilola joins the ranks of the group’s minority shareholders, her father, Toriola holds a stake of 0.0201 percent in MTN Nigeria.
Kenyan banker Gideon Muriuki receives $2.1 million in remuneration in 2022
Muriuki has seen a 7.9-percent rise in compensation due to outstanding performance.
Michael Lee-Chin, one of the world’s Black billionaires, sells megayacht for $362 million
Lee-Chin has also put his luxurious mansion, Coconut Walk Private Estate, up for sale for $35 million.
Herbert Wigwe invests $3.51 million in Lagos-based lender, Access Holdings
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
David Steward’s net worth jumps by $400 million due to recent revaluation of his tech firm
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Femi Otedola’s siblings, Ayokunle and Rotimi, acquire additional $2 million stake in Geregu
Geregu Power is a leading power-generating company led by Femi Otedola, one of Africa’s richest billionaires.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.
Kenyan manufacturing firm linked to 93-year-old tycoon loses $5.3-million tax dispute
The recent ruling means that Kaluworks must pay the demanded amounts for corporate tax and VAT.
Kenyan banking magnate Gideon Muriuki’s stake in Co-op Bank is now worth $11 million
Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
Ken Sharpe’s WestProp underwhelms on first day of trading on VFEX
Despite the lackluster debut, Sharpe remains optimistic about the company’s future.
South African billionaire Koos Bekker’s net worth declines by $200 million in 96 days
Bekker has been an active businessman since 1985.