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African Billionaires
Steve Curtis-led Caledonia Mining acquires Maligreen project in Zimbabwe for $4 million
Maligreen is a brownfield exploration opportunity with significant historical exploration and evaluation work.
Nasir el-Rufai blames Nigerian government for Aliko Dangote reneging on dairy cattle project: ICIR
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Kenyan tycoon Peter Munga earns nearly $1 million from Britam as shares rise by 20 percent
Britam Holdings is a leading regional insurer with a diversified financial services portfolio.
Real estate tycoon Talaat Moustafa signs agreement with AZADEA to launch Open Air Mall in Madinaty City
Formerly a suburb, Madinaty is an upscale, greener, less crowded area in Egypt.
Mauritian tycoon Hector Espitalier-Noel loses $13.6 million as ENL shares retreat from 20-month high
The drop can be attributed to investor profit-taking actions.
Moroccan tycoon Karim Benjelloun gains $1.7 million as shares in Disway SA surge to all-time high
Disway SA is the first technology distributor in Morocco, Africa’s fifth-largest economy in terms of GDP.
Affluent Moroccan Berrada family earns $118 million from equity stake in Sothema
Alongside the multimillionaire Tazi family, the Berradas own a majority stake in the drug manufacturer.
Ivorian tycoon Jean Kacou Diagou buys four insurance firms from billionaire Patrice Motsepe
The deal is still subject to the validation of the supervisory authorities.
Nigerian-American telecom tycoon Sam Darwish moves to list IHS Towers on NYSE
IHS called off an initial plan to list on the U.S. exchange in 2018.
South African retail tycoon Christo Wiese to earn $15.1 million as Shoprite declares final dividend for 2021
Shoprite will pay shareholders a final dividend of $141.1 million from its profit for the 2021 financial year.
Egyptian tycoon Medhat Khalil loses $114.3 million as shares in Raya Holding decline by 40 percent
The multimillion-dollar loss in Khalil’s stake was due to a sustained sell-off on the Egyptian Stock Exchange.
LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Malawian tycoon Ramesh Savjani earns $3.4 million in 96 days as Malawi’s best performing stock surges
The multimillion-dollar profit from his stake can be attributed to a surge in the share price of Illovo Sugar Malawi.
Here are five super-rich Algerians worth knowing aside from Issad Rebrab who is worth $4.8 billion
Algeria is expected to be home to more than 6,000 millionaires by the end of the decade.