Led by Kenya’s richest families, NCBA pours $26 million into regional units
NCBA Group is partially owned by some of Kenya’s richest families.
African Billionaires
Gold magnate Ketan Patel gains $1.17 million from stake in Tanzania-based miner
Patel presently holds a 4.22-percent stake in the Tanzania-based mining company.
Ahmed Ezz’s steel firm beats profit expectations, rakes in over $210 million
Ezz owns a controlling 60.7-percent stake in Ezz Steel.
Anas Sefrioui’s ADH rebounds strongly as profits surpass $3.6 million in 2022
Sefrioui owns a controlling 64.1-percent stake in Douja Promotion Groupe Addoha.
Billionaire Johann Rupert gains $1.81 billion, net worth nears $13 billion
Rupert is the richest man in South Africa,
Safwan Thabet’s Juhayna smashes expectations with $20-million profit
Juhayna Food Industries is majority-owned by renowned Egyptian businessman Safwan Thabet.
Led by Mauritian businessman Jean Ribet, BMH posts $5.8 million in profit
Ribet owns a 3.32-percent stake in BMH Limited.
Botswana-based businessman Jonathan Gibson fortune skyrockets by $3.3 million
Gibson owns a 35.6-percent stake in Chobe Holdings, a Gaborone-based tourism firm listed on the Botswana Stock Exchange.
$100,000 investment in Femi Otedola’s firm 6 months ago is now worth $320,000
In the past six months, the market cap of Otedola’s Geregu Power has risen by $1.21 billion to $1.75 billion.
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
Moroccan tycoon Lamia Tazi set to receive $1.48-million dividend
Tazi holds a substantial 8.4-percent stake in Morocco’s leading healthcare company, Sothema, or 605,030 shares.
Vista Equity, owned by America’s richest Black person Robert F. Smith, seals $2.6 billion acquisition of Duck Creek
Vista Equity Partners was founded by America’s richest Black billionaire Robert Smith in 2000
Nigerian banker Herbert Wigwe’s Access Holdings pours $300 million into flagship banking business
Herbert Wigwe owns a 4.51 percent stake in Access Holdings, Nigeria’s largest bank in terms of assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
10 African U.S. dollar billionaires who Forbes missed
Meet 10 African billionaires who did not feature in Forbes’ annual ranking of the world’s richest people.
Strive Masiyiwa, Zimbabwe’s wealthiest man, bounces back with $800-million net worth increase
Masiyiwa derives a portion of his fortune from his stake in Econet Zimbabwe.