South African businessman Mxolisi Mgojo sees stake in Exxaro surge above $5.7 million
Mgojo owns a beneficial 0.17-percent ownership in the leading diversified resources firm.
African Billionaires
Led by Mauritian Espitalier-Noel family, Rogers suffers $19.6-million in losses in 2021
Rogers and Company Limited is a Mauritius-based international services and investment firm.
Egyptian billionaire Yasseen Mansour’s real estate firm launches $206.5-million Sukuk bond
The proceeds from the issuing of Sukuk bonds will be used to build Palm Hills’ Badya creative city project.
Led by Ibrahim Farag, Egyptian startup Nexta raises $2.2 million from institutional investors
Farag and Ahmed Hisham founded the Egyptian fintech startup in 2021.
Kenyan businessman Joshua Oigara receives extension to stay with KCB Group until December
Under Oigara, the group’s assets have increased in value from $3.41 billion at the end of 2013 to $8.64 billion by the end of 2020.
South African executive Christine Ramon owns stake worth $3 million in AngloGold Ashanti
Ramon now has a beneficial 0.026-percent stake in the miner, which equates to 118,471 ordinary shares.
Understanding the silent giants
Some of the strongest groups of family businesses are grown in the Indian-African communities.
Egypt’s richest man Nassef Sawiris has now lost $566 million since start of 2022
Sawiris’ net worth is still assessed at $5.93 billion.
Nigerian billionaire Femi Otedola’s stake in country’s oldest bank is worth $75.5 million
Aside from his ownership stake in FBN Holdings, Otedola has interests in shipping, real estate and finance.
Swazi billionaire Natie Kirsh loses $310 million in three days
Kirsh ranks as the 278th richest man in the world and the richest person in Eswatini (formerly Swaziland).
Egyptian businessman Medhat Khalil’s Raya Contact Center reports 54-percent drop in profit
Raya Contact Center is a Cairo-based business-process and contact center outsourcing services company.
Kenyan tycoon Tabitha Karanja rules out stake sale in $198.8-million row
Karanja launched Keroche Breweries in 1997.
Kenya’s Kirubi family loses $2.6 million in 53 days
Kirubi died last year at the age of 80 following a four-year battle with illness.
South African businessman Xolane Ndhlovu donates $1 million to Africans in Ukraine
Ndlovu said he is motivated to help Africans who have lost their livelihood due to the Russia-Ukraine conflict.
Aliko Dangote’s $19-billion oil refinery nears completion; oil production to launch in September
The recent disclosure comes amid a fuel crisis in the country and a spike in global energy prices.
Egyptian real estate mogul Hisham Talaat Moustafa to pocket $9.65 million in dividends
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.