Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
African Billionaires
South African billionaire Koos Bekker sells off Prosus shares worth $190 million
Bekker is chairman of media giants Naspers and Prosus.
Nigerian oil tycoon Wale Tinubu makes bold move: Investment firm launches bid to take Oando private
In November 2005, Oando shares were listed on the JSE.
Egyptian businessman Hani Berzi’s Edita posts $17.1 million in profit in 2022
Berzi owns a 41.95-percent stake in the packaged food manufacturer.
Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
Ghanaian Shipping tycoon Daniel McKorley’s salt company fingered in electricity theft
Electrochem Ghana Limited is a subsidiary of McKorley’s McDan Group.
Tony Elumelu’s Transcorp delivers big returns: Shareholders to receive $4.41-million dividend payout
Elumelu holds a total of 840,632,956 ordinary shares in Transcorp.
America’s richest black person Robert Smith’s firm targets $500 million from event management platform sale
Smith is worth $12 billion, making him the richest Black person in the United States.
Africa’s richest man Aliko Dangote bounces back with $400-million single-day surge after $300-million setback
Dangote is the founder and chairman of Dangote Group.
Led by Kenya’s richest families, NCBA Group beats profit expectations, rakes in over $100 million
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.
Nigerian billionaire Theophilus Danjuma loses bid to acquire Angolan oil block
Danjuma is the founder of SAPETRO.
7 companies owned by Tanzanian billionaire Rostam Aziz
Aziz is one of the richest businessmen in East Africa.
Nigerian entrepreneur Tosin Eniolorunda leads $3-million investment in fintech startup, Payday
Moniepoint Inc. is a financial software company.
Kenyan multimillionaire banker James Mwangi to pocket $3.87 million in dividends from Equity Group
Mwangi holds a 3.38-percent stake in Equity Group.
South African defense tycoon Ivor Ichikowitz’s Paramount to make helicopter blades
Paramount Group was founded by Ichikowitz in South Africa in 1994.
South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.