African billionaire heirs are making their mark in philanthropy
The progeny of some of Africas’s wealthiest people are putting in more of their time to giving and impacting.
African Billionaires
Tunisian tycoon Moncef Mzabi gains over $1.4 million from stake in automobile retailer
Mzabi, who started ARTES with his brothers Mzoughi and Sadok, holds a substantial 24.8-percent stake in the company.
Cameroonian multimillionaire banker Alain Nkontchou’s stake in Ecobank now worth $3.76 million
Nkontchou controls a beneficial 0.98-percent stake in the bank.
Nigerian mogul Abdul Samad Rabiu’s food business posts huge profit since listing
The news comes despite a slump in fortified sugar sales and a single-digit increase in its direct production costs.
South African billionaire Michiel Le Roux gains more than $141.4 million in 27 days
Le Roux founded Capitec Bank, one of South Africa’s largest retail banks, about 21 years ago.
Australian tycoon Matthew Yates’ OreCorp moves to offload Australian assets to focus on Tanzanian gold
The assets include the Hobbes Prospect within the Yarri Project in the Eastern Goldfields.
Ghanaian tech entrepreneur Jesse Ghansah’s Float secures $17 million in seed funding one year after launch
Float offers innovative solutions to the cash-flow issues that African small and medium businesses experience on a daily basis.
Ghanaian tycoon Joseph Agyepong to build 13 wastewater treatment facilities in Ghana
Jospong Group of Companies is one of Ghana’s most diversified holding companies.
Led by Aisha Cassam Timol, CIM prepares to list 17 million shares worth $3.65 million under employee scheme
CFSL is a non-deposit-taking financial services holding.
Egyptian tech entrepreneur Hossam Taher’s Orcas raises $2.1 million from investors
Orcas is an Egyptian live learning ed-tech startup with active operations in the Middle East and North Africa.
Investors could have ‘cashed in big’ by purchasing shares in Abdul Samad Rabiu’s BUA Foods 12 days ago
So far this year, BUA Foods’ stock ranks as the best performing stock on the Nigerian Exchange.
Moroccan tycoon Anas Sefrioui records $25.4-million gain as shares in Groupe Addoha soar
Sefrioui, one of Morocco’s richest men, controls a 64.1-percent stake in Groupe Addoha.
Britam Holdings appoints Kenyan executive Charles Njuguna as acting managing director
Njuguna played a strategic role as finance director in the execution of the group’s turnaround strategy.
Egyptian tycoon Ahmed El Sewedy’s electric company signs $28.3-million contract for project in new administrative capital
Elsewedy Electric for Trading and Distribution is a 99.8-percent-owned subsidiary of Elsewedy Electric.
Malawian tycoon Hitesh Anadkat gains $16 million from stake in Mauritius-based FMB Capital Holdings
Anadkat is the founder of FMB Capital Holdings and holds a substantial 35.51-percent stake in the company.
Zimbabwean executive Basil Dionisio gains $2.68 million in two weeks
Basil Dionisio is the CEO of Simbisa Brands Limited.