South African tycoon Jannie Mouton makes $43 million in 15 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
Billionaires Africa
South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
This Week In Review: A Snapshot of African Wealth Dynamics — Otedola’s Dangote Cement Investment Sparks Market Rally, Glasenberg Suffers $389-Million Loss in 2024 (Jan. 15 to 19)
Dive into a week of seismic shifts in African business: Big bets, soaring stocks, and fortunes on the move.
Egyptian billionaire Yasseen Mansour gains $5.2 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Africa’s richest man Aliko Dangote makes $1.5 billion within 24 hours
The impressive surge in his fortune over the past 24 hours has seen his net worth increase from $15.5 billion to $17 billion.
Black executive Denise Singleton earns $2.8-million salary from WestRock in 2023
Singleton’s compensation package included a $0.69-million base salary and a non-equity incentive plan compensation of $0.45 million
Morocco’s royal family gains $260 million from Attijariwafa bank in 18 days
Al Mada, the private company owned by members of the Alaouite royal family, owns 46.4 percent, or 97,433,137 units of the total issued and paid-up shares, of the bank.
Kenyan billionaire Baloobhai Patel boosts stake in Co-op Bank with $1.43-million investment
This further solidifies Patel’s commitment to Co-op Bank, as he navigates the challenging market conditions marked by a bear run that has undervalued many banking stocks.
Telecom firm linked to Malagasy tycoon Hassanein Hiridjee secures $60-million loan from IFC
The arrangement, structured in collaboration with Societe Generale Benin and Ecobank Togo, aims to propel Togocom into a new era of digital advancement.
Nigeria’s fourth-richest man Femi Otedola invests big in Dangote Cement
This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
America’s richest Black billionaire Robert F. Smith unveils Vision for AI future at Davos
Smith emphasized the integration of AI into companies’ operations, drawing parallels with past transformative innovations like the internet and the cloud.
$9-trillion Wall Street giant lands in Nigeria following takeover of billionaire Adebayo Ogunlesi’s GIP
The strategic move comes in the wake of BlackRock’s announcement of its intention to acquire GIP in a deal valued at $12.5 billion.
Namibian tycoon Quinton van Rooyen’s Trustco seals $50-million deal with U.S. fund RVF
Trustco detailed its plan to issue new shares to RVF through an option, solidifying RVF’s position as a key anchor investor with a cash injection of up to $50 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
5 companies linked to African-American investment titan Gerald Smith
Beyond the boardrooms, discover Smith’s commitment to positive change.
Moroccan real estate mogul Alami Lazraq gains $36.6 million from ADI Stake
This surge strengthens Alami Lazraq’s standing among the top investors on the Casablanca stock exchange