Kenyan banker James Mwangi gains $7.9 million from Equity Group stake
James Mwangi’s Equity Group stake gains $7.9 million as the Kenyan lender’s shares rally, lifting his holdings and confidence.
Billionaires.Africa
Access Holdings, led by Aig-Imoukhuede, plans $27.7 million private placement
Access Holdings moves to raise $27.7 million in new capital as Aig-Imoukhuede strengthens the group’s growth plan.
Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.
South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
Harmony Gold, backed by Patrice Motsepe, completes $1.01 billion copper deal in Australia
Harmony Gold, backed by Patrice Motsepe, has completed its $1.01 billion acquisition of Australia’s MAC Copper, expanding into the copper market.
Ghanaian tycoon Ibrahim Mahama completes $100 Million Azumah Gold acquisition
Ghanaian businessman Ibrahim Mahama cements his position in the mining sector with a $100 million takeover of Azumah Resources
Anglo American, led by South Africa’s Duncan Wanblad, to resume coal mine sales in early 2026
Anglo American will resume selling its Australian coal mines after a halted $3.8 billion deal, while pursuing a $50 billion merger with Teck Resources.
Discovery co-founder Barry Swartzberg loses $40.7 million in share slump
South African tycoon Barry Swartzberg, co-founder of Discovery Limited, has seen his stake drop by $40 million as the insurer’s shares dip on the JSE.
Tribunal resets control of Directline, impacting Kenyan media mogul SK Macharia
Tribunal resets Directline control, impacting SK Macharia and reinstating the insurer’s February 2023 ownership structure.
FirstRand, led by Mary Vilakazi, flags $14.7 billion U.K. car loan payout risk
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.
Ivorian tycoon Koné Dossongui to buy gold mine for $305 million
Koné Dossongui is expanding his business empire into gold mining through a $305 million deal with Canadian miner Barrick Gold for the Tongon mine in Côte d’Ivoire.
Harrods sets aside $83 million for victims of Egyptian billionaire Mohamed Al-Fayed
Harrods sets aside $83.9 million for victims of late Egyptian billionaire Mohamed Al-Fayed’s alleged abuse.
Adrian Gore’s Discovery Green inks 20-year deal to power mines
Discovery Green and Glencore sign a 20-year renewable deal to power South African mines and reduce carbon emissions.
South African tycoon Stephen Brookes’ Balwin hit by Airbnb court dispute
Balwin, led by South African tycoon Stephen Brookes, faces legal fight as Airbnb rentals divide Blyde Estate homeowners, investors, and developers.
Nigerian entrepreneur Seyi Ebenezer’s Payaza repays $13.9 million commercial paper
Payaza Africa, founded by Nigerian entrepreneur Seyi Ebenezer, has repaid $13.9 million under its $34.1 million commercial paper program, reinforcing investor confidence.
Tope Shonubi’s Sahara Group eyes 350,000 barrel output with 7 new rigs
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.