Billionaire Michael Lee-Chin sells $9.8-million stake from Jamaica’s biggest lender
The sale comes amid NCBFG’s plans for an additional public offering (APO) aimed at issuing between 300–450 million new shares to raise over $20 billion.
Billionaires Africa
Zimbabwean billionaire Strive Masiyiwa’s Liquid C2 seals new deal to enhance cybersecurity and AI in Africa
Masiyiwa emphasized the significance of responsible AI in fostering economic opportunities and empowering individuals and businesses across Africa.
Nigerian entrepreneur Oluwasoga Oni leads startup to secure $3 million from investors
The pre-Series-A funding round brings MDaaS Global’s total funding since its inception to $6.8 million.
Africa’s youngest billionaire plans $150-million investment to boost MeTL Group’s growth
The ambitious plan involves injecting $50 million into planting hybrid tea for export and an additional $100 million into Rwandese companies across vital sectors.
Egyptian tycoon Medhat Khalil’s stake in Raya Holding surges by $21.1 million
Egyptian businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment conglomerate
South African billionaire Michiel Le Roux makes $42 million from stake in Capitec Bank
This surge solidifies his standing as one of South Africa’s leading businessmen and investors.
Mauritian tycoon Jean-Pierre Dalais’ CIEL posts $59.8-million half-year profit
This surge in profit can be attributed to the conglomerate’s adept cost-effective measures and strategic initiatives.
Led by Egyptian exec Mohamed Adel, Roya sets sights on $1.2 billion in project sales
The Big Business District is poised to transform Cairo’s commercial landscape, offering a dynamic business hub characterized by modern design and functionality.
Burkinabe tycoon Idrissa Nassa’s Coris Bank secures $5-million facility from IFC
Under the leadership of Nassa, Coris Bank International expanded its footprint by launching Coris Bank International Guinea in 2021.
Nigerian serial entrepreneur Akintoye Akindele arraigned on $5.6-million fraud charges
Akindele, known for his roles as an entrepreneur, and venture capitalist pleaded not guilty to the charges during the arraignment.
Moroccan billionaire Othman Benjelloun loses $42.7 million from Bank of Africa stake
Benjelloun, who serves as the chairman of Bank of Africa, holds a noteworthy 27.41-percent stake in the institution, or 57,214,615 ordinary shares.
Nigerian billionaire Femi Otedola set to build staff housing at Lagos Law School
This move follows Otedola’s recent philanthropic initiatives aimed at supporting education and enhancing national security.
Zimbabwean tycoon Ken Sharpe unveils $100-million luxury estate project in the U.S.
In a call to action, Sharpe urged Zimbabweans in the United States to actively contribute to the nation’s growth.
America’s richest Black woman Oprah Winfrey steps down from Weight Watchers board
Winfrey’s choice to incorporate weight-loss medication into her routine, disclosed in December 2023, marked a shift from the usual discussions on weight control.
South African tycoon Neal Froneman-led Sibanye posts $2-billion loss
The poor financial performance comes on the heels of Sibanye’s aggressive acquisition strategy.
Egyptian billionaire Ahmed Ezz’s stake in Ezz Steel climbs by $64 million
Ezz, an influential figure in the Egyptian industrial landscape, currently owns 60.7 percent of Ezz Steel, equivalent to 329,816,198 shares.