Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $20 million in 48 days
With a 43.16-percent stake in TMG, Moustafa ranks among the richest investors on the Egyptian Exchange.
African Billionaires
Egyptian tycoon Mostafa Kandil’s SWVL faces compliance issues with Nasdaq
SWVL Holdings Corp is a global provider of tech-enabled mass transit solutions.
Bank linked to Tanzanian billionaire brothers secures operating license in DRC
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank.
Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
South Africa’s richest man Johann Rupert takes a hit, loses $229 million in 24 hours
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
FMB Capital shares boost Hitesh Anadkat’s fortune by $44 million, making him one of Malawi’s richest
Anadkat’s wealth gains even further cement his position as one of Malawi’s top 10 richest businessmen.
Meet Tosin Eniolorunda: Visionary leader breaking boundaries in Nigeria’s fintech industry
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.
Nigerian media mogul Mo Abudu launches new cinema label
Abudu has been producing compelling movies and entertainment content since 2006 when she founded Ebonylife TV.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
Moroccan tech tycoon Hassane Amor loses $4 million in just 83 days
Amor founded Microdata in 1991 and has played a critical role in the growth and expansion of the Moroccan technology sector.
Neal Froneman’s Sibanye-Stillwater charts path with management overhaul at New Century
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
Abdul Samad Rabiu becomes Africa’s third-richest man, ousting Nicky Oppenheimer
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Tanzanian tycoon Ally Awadh’s Lake Steel reveals plans to ramp up capacity
Under Awadh, Lake Group has become one of Africa’s fastest-growing energy, logistics, and construction supply material conglomerates.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.
Kylian Mbappe joins world’s highest-paid athletes with $120-million income
Only Lionel Messi and Cristiano Ronaldo, who earned $136 million and $130 million respectively, surpassed Mbappe’s earnings.