Kenyan tycoon John Kimani acquires 8.64 million shares in East Africa’s largest telecom firm
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
African Billionaires
South African executive Bertina Engelbrecht pockets $1-million salary in 2023
Engelbrecht, the accomplished South African business executive, became group CEO of Clicks Group in January 2022.
Egyptian billionaire Youssef Mansour loses $200 million in 28 days
Despite the plunge in his fortune, Mansour still ranks as one of Africa’s richest billionaires.
Malawian businessman Hitesh Anadkat gains nearly $34 million from FMB Capital
Anadkat holds an impressive 35.51-percent stake in FMB Capital, which accounts for 872,924,575 ordinary shares.
Egyptian tycoon Hani Berzi loses nearly $18 million from Edita stake
Berzi, who founded the consumer goods conglomerate in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Moroccan Prime Minister Aziz Akhannouch’s wealth declines by $100 million
The $100-million decline in his net worth is linked to the revaluation of his holdings in Akwa Group, a diverse Moroccan conglomerate with substantial oil and gas interests.
Nigeria’s second-richest man Abdul Samad Rabiu gains $4.18 billion in wealth this year
With a year-to-date wealth gain of $4.18 billion, pushing his net worth to $8.27 billion, he ranks among the top 20 wealth gainers globally in January 2024.
Nigerian billionaire Femi Otedola is $300-million richer in 28 days
The surge in Otedola’s net worth is attributed to the stellar performance of his diverse investment portfolio.
Egyptian tycoon Medhat Khalil gains nearly $23 million in just five days
The recent surge solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.
Africa’s richest man Aliko Dangote secures spot among world’s biggest gainers
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
Companies owned by Nigerian-born tech billionaire Tope Awotona
From revolutionizing scheduling with Calendly to empowering entrepreneurs through investments in Vonza and driving positive change with Givebutter.
Herbert Wigwe-led Access Holdings expands portfolio with pension business acquisition
According to Wigwe, the proposed acquisition will contribute positively to the growth and development of the pension industry.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
South African tycoon Gus Attridge suffers $8-million loss from Aspen shares
Attridge, Aspen’s group chief advisor who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
South African executive Mark Steyn pockets $1.5 million from Bidvest in 2023
Steyn’s 2023 compensation package is 52.85-percent higher than the previous year’s package of R18.38 million ($0.96 million).
Nigerian billionaire Mike Adenuga gains $16.3 million from Conoil shares
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.