South African tycoon Neal Froneman takes $6.7-million hit as Sibanye-Stillwater shares tumble
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
Billionaires Africa
Mauritian tycoon Arnaud Dalias loses more than $1 million in 20 days
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
Segun Agabaje-led GTCO becomes Nigeria’s most valuable lender, outshining Jim Ovia’s Zenith Bank
The upward trend in the lenders’ shares and market capitalization can be attributed to investors’ optimism about a potential increase in earnings and assets.
5 companies NBA star Giannis Antetokounmpo owns
Through his holding company Ante, Inc., Milwaukee Bucks star Giannis Antetokounmpo has interests in retail, food, sport teams and mutual funds.
6 companies owned by Tanzanian multimillionaire Seif Ali Seif
Through Super Group, Tanzanian tycoon Seif Ali Seif has interests in automobile manufacturing, logistics and sugar production.
Kenyan investment banker Jimnah Mbaru gains $1 million in 74 days
As a non-executive director on Britam Holdings’ board, Mbaru holds a beneficial stake of 130,000,000 shares in the company.
Nigerian businessman Tony Elumelu gains nearly $4.3 million in single day from UBA stake
Elumelu holds a substantial 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares with a market value of $47 million.
South African tycoon Paul Hanratty rakes in over $3 million as Sanlam shares skyrocket
As one of South Africa’s most affluent executives, Hanratty’s stake in Sanlam has surged by more than $3 million in just 52 days.
5 companies owned by South African billionaire Koos Bekker
Bekker ranks as one of Africa’s richest billionaires.
South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.
Startup led by Nigerian entrepreneur Adebowale Banjo raises $1.25 million in pre-seed funding
Since its inception, MyCover.ai, under Banjo’s leadership, has established itself as a trailblazer in innovative insurance solutions.
U.S.-Nigerian telecom tycoon Sam Darwish nets $40 million from IHS Holdings stake
Darwish holds a substantial 4.17 percent stake in IHS Holdings, amounting to 13,905,235 shares.
Bank linked to Nigerian billionaire Femi Otedola rakes in $240 million in profit in six months
Otedola holds the largest stake in the Lagos-based financial services holding group, with a 5.57-percent stake as of June 30, 2023.
Tanzanian multimillionaire Seif Ali Seif to acquire South Africa’s Tongaat Hulett
Ali Seif and his family are the beneficial owners of Kagera Sugar Group which is a subsidiary of the their conglomerate, Super Group.
South African furniture tycoon Eric Ellerine suffers $2.9-million loss in Sabvest Capital stake
Ellerine remains one of the wealthiest investors on the Johannesburg Stock Exchange and a prominent businessman in the country.
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.