Nigerian billionaire Olugbenga Agboola’s Flutterwave advances IPO plans
Agboola’s stake in Flutterwave surged to a value exceeding $370 million after the company’s funding round last year in February.
Billionaires Africa
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint to acquire Kenyan payment firm
Moniepoint Inc., originally founded as Apt Inc. by Eniolorunda in 2015, has rapidly evolved into a powerhouse within the fintech realm.
Former OPEC President Diezani Alison-Madueke charged with bribery offenses in UK
Alison-Madueke served as Nigeria’s minister for petroleum resources under former President Goodluck Jonathan.
South African banker Sim Tshabalala gains $1.2 million from investment in Standard Bank
Tshabalala, who assumed the role of CEO in September 2017, holds a minority stake of 0.031 percent in Standard Bank.
Nigeria’s richest banker loses $158 million to naira devaluation
Despite the fiscal setbacks he has endured, Ovia’s position as Nigeria’s richest banker remains steadfast.
10 assets controlled by King Mswati III of Eswatini
King Mswati III controls Tibiyo Taka Ngwane, which owns stakes in many of Eswatini’s most profitabe companies and has assets worth more than $150 million.
Piet Mouton: South African billionaire holding $580 million in Capitec shares
Mouton’s rise from corporate corridors to billionaire status epitomizes visionary entrepreneurship and leadership.
South African executive July Ndlovu drives Thungela’s expansion despite declining demand
Ndlovu drives Thungela’s expansion despite declining demand.
Crucial role of governance in African family businesses: Lessons from the German Mittelstand
Mutendi explores the importance of governance in African family businesses.
Botswana businessman Farouk Ismail’s loses $6 million from Choppies stake
Ismail owns 14.99 percent of Choppies Enterprises, or 271,691,921 shares.
South African banker Alan Pullinger’s salary at FirstRand amounts to $2.5 million
Pullinger owns a beneficial 0.11-percent stake in the financial services giant — a stake presently valued at more than $20 million.
South African tech tycoon Zak Calisto suffers $18.7-million loss
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
Struggling Ugandan tycoon Patrick Bitature ordered to pay South African firm $65 million
According to court documents, Bitature has been directed to personally pay $25.4 million as a result of a breach of contract.
Morocco’s second-richest man Othman Benjelloun gains $46 million from BOA stake
With a net worth of $1.3 billion, Benjelloun is ranked as the 16th wealthiest individual in Africa and the 2,154th on a global scale.
Bank led by Kenyan businessman James Mwangi surpasses $11 billion in assets
Equity Group, under the leadership of Mwangi, reported a profit of $182.8 million at the end of the first half of its 2023 fiscal year.
Moroccan PM Aziz Akhannouch suffers $12-million loss from Afriquia Gaz stake
Akhannouch, appointed prime minister of Morocco in September 2021, derives the majority of his fortune from the Akwa Group.