South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
African Billionaires
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
African-American tech billionaire Alex Karp’s wealth surges $300 million in 3 weeks
Karp’s position among Black billionaires underscores the success of African-American entrepreneurs within the tech sector.
Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $120 million
The surge in Ovia’s stake marks a recovery from the impact of the recent devaluation of the Nigerian currency, which saw his fortune dip below $100 million in February
South African-born tycoon Barry Stuhler rakes in $3.79 million from Lighthouse stake
This $3.79-million gain further solidifies Stuhler’s position as one of the top investors on the JSE and one of the wealthiest businessmen in the country.
South African businessman Jannie Mouton gains $33 million from Capitec stake
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange
South African billionaire Michiel Le Roux’s Capitec raises stake in Cyprus-based Avafin
Capitec Bank, founded two decades ago by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has evolved into a globally renowned banking brand.
Egyptian billionaire Samih Sawiris’ firm posts $63.5 million in profit in 2023
Despite Sawiris’ decision to step down as chairman in December 2021, the company continues to thrive, setting new benchmarks in the 2023 fiscal year.
Dangote’s half-brother Sayyu Dantata eyes sale of lavish Banana Island mansion
The leading businessman known for his affinity for luxury and lavish assets, is reportedly contemplating a return to his hometown of Kano State.
Kenya’s wealthy Merali family gains $1.5 million from Sasini Tea stake in just four days
This surge solidifies the Merali family’s position as prominent investors on the Nairobi Securities Exchange, with their extensive investments establishing them among the wealthiest families in Kenya.
South African exec Arrie Rautenbach guides Absa Group to record $5.3-billion revenue in 2023
Absa Group, a Johannesburg-based diversified financial services provider led by South African banking executive Arrie Rautenbach, achieved a significant milestone in its…
Swazi billionaire Natie Kirsh rakes in $440 million in five weeks
The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.
South African billionaire Christo Wiese gains $46.9 million from Shoprite shares
The recent multimillion-dollar increase in the market value of his stake can be attributed to increased investors’ interest in the retail giant.
Startup backed by South billionaire Koos Bekker’s Naspers secures $16 million from Standard Bank
The recent funding from Standard Bank is a significant milestone toward achieving this goal and transforming auto financing for traditionally underserved demographics.
Algerian-born tycoon Sue Nabi leads Coty toward stable growth and debt reduction
While addressing the audience at CAGNY, CEO Sue Nabi reiterated Coty’s strategic course and commitment to growth.
Africa’s richest man Aliko Dangote loses $8.7 billion amid Nigeria’s currency woes
This decline is influenced by the recent devaluation of the Nigerian currency — the country’s second devaluation in eight months.