Transcorp’s top shareholder title within reach for Femi Otedola
Nigerian billionaire Femi Otedola is the third-richest investor on the Nigerian Exchange.
African Billionaires
Former SportPesa chair Paul Ndung’u faces jail time for contempt of court
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.
Anas Sefrioui takes $13.5-million hit as ADH shares slump in Moroccan market
Sefrioui, one of Morocco’s richest people, owns a 64.1-percent stake in Moroccan property developer, ADH.
Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Nigerian insurance tycoon Wole Oshin loses nearly $2 million in three weeks
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Congolese entrepreneur Washikala Malango’s firm bags $18 million debt financing
In 2013, Altech was founded by Malango and Iongwa Mashangao with the objective of addressing DRC’s energy deficit.
James Mwangi’s Equity Group creates more than 500 jobs in regional expansion drive
As the CEO and a significant shareholder in Equity Group, Mwangi has helped the lender expand operations beyond Kenya.
Herbert Wigwe’s Access Holdings posts robust Q1 profit of $154 million
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.
Mohamed Mansour’s net worth soars to $3.5 billion as wealth gains top $1 billion
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Billionaire Michael Lee-Chin’s Portland joins forces with UAE’s MBM Holding
Michael Lee-Chin sees the collaboration as an opportunity to contribute to the economic progress in scientific fields across the UAE
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
Egyptian tycoon Hassan Allam’s firm to launch integrated logistics platform
Hassan Allam Utilities is an arm of the privately-owned engineering firm, Hassan Allam Holding.
Theophilus Yakubu Danjuma’s IMG records $11.6 million in revenue
Danjuma holds a significant 72-percent stake in IMG.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
British-American actor David Oyelowo’s streaming service Mansa scores $8 million in funding
Mansa is a Los Angeles-based streaming platform.
Disgraced South African billionaire faces arrest after skipping German court hearing
Jooste is the face of South Africa’s largest private sector fraud scandal.