Nigerian tycoon Atedo Peterside’s Stanbic IBTC plans $442.8-million capital boost
A financial services group with total assets of $4 billion as of Dec. 31, 2023, Stanbic IBTC ranks among the top 15 most valuable companies on the Nigerian Exchange.
African Billionaires
Kevin Hart’s tequila brand gives $1 million to help small businesses
Acclaimed African-American comedian and entrepreneur Kevin Hart’s ultra-premium tequila brand, Gran Coramino Tequila, has disbursed over $1 million in grant funding to…
Egypt’s richest man Nassef Sawiris’ net worth soars by $410 million in 9 days
The unexpected surge catapults Sawiris nine spots on the Bloomberg Billionaires Index, from 300th to 291st.
South African billionaire Mouton family firm hits $21.3 billion in assets under management
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
South African billionaire Koos Bekker’s Naspers stake soars past $320 million
This gain solidifies Bekker’s position as a prominent South African business leader and a top investor on the JSE.
Jim Ovia’s Zenith Bank stake sees $14.63-million drop amid share price fall
Despite this setback, Ovia retains his status as Nigeria’s richest banker, underscoring his success as a leading businessman in the nation.
Cement company of Africa’s richest man doubles revenue to $659.3 million in Q1 2024
Group revenue from cement, clinker, and other products surged 100 percent year-over-year, reaching N817.35 billion ($659.3 million).
Access Holdings’ $1.71B capital raise: Nigerian banker Aigboje Aig-Imoukhuede’s global vision unveiled
In a post-meeting interaction, Aig-Imoukhuede reaffirmed the group’s commitment to industry recapitalization and delivering consistent returns to shareholders.
Oprah Winfrey’s wealth hits $3 billion: Inside her $200-million gain and Hawaiian estate
Winfrey’s net worth has risen by $200 million, reaching $3 billion, according to Forbes. This marks a significant rise from $2.8 billion on Jan. 1.
Backed by Kenya’s richest, NCBA Bank hikes loan rates: What it means for your wallet
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
Kenyan billionaire Baloobhai Patel buys big, now owns more than 1 percent of Absa Bank
Patel’s latest acquisition reflects a significant year-on-year increase in his Absa holdings. In December 2022, he held 47.57 million shares (0.88-percent stake).
South African billionaire Koos Bekker’s Naspers pumps $56 million into share buyback to boost shareholder value
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
Egyptian tycoon Hani Berzi loses over $21 million from Edita stake in just 9 days
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
South African-born tycoon Barry Stuhler gains $4.2 million from Lighthouse stake
The recent $4.23-million gain further strengthens Stuhler’s reputation not only as a high-value JSE investor but also as one of South Africa’s most affluent individuals.
Dangote’s half-brother Sayyu Dantata’s oil firm mulls Nigerian Exchange exit
Following a successful delisting, the board intends to seek shareholder authorization to list the company’s shares on the NASD OTC Securities Exchange.
South African billionaire Michiel Le Roux’s Capitec Bank reports $550.8 million in earnings
Demonstrating its commitment to shareholder returns, Capitec Bank’s board of directors declared a final dividend of R3.345 ($0.1754) per share on April 22, 2024.