Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
Billionaires Africa
Paddy Zhanda emerges as Zimbabwe’s newest multimillionaire as stake in Masimba holdings surpasses $55 million
This significant increase has solidified Zhanda’s position as Zimbabwe’s latest multimillionaire businessman.
Geregu surpasses $1 billion market cap as Otedola partners AFDB to build Nigeria’s first-ever PPP power transmission project
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Firm linked to Chris Kirubi’s heirs settles $2.4-million tax charge following Uganda’s tax law amendment
Centum RE is a prominent property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Kenyan multimillionaire Baloobhai Patel boosts stake in Williamson Tea
Patel is one of the largest investors on the Nairobi Stock Exchange with a portfolio that has a current value exceeding $24 million.
5 companies owned by Nigerian billionaire Femi Otedola
As one of Africa’s richest individuals, Otedola continues to wield significant influence in Nigeria’s economic landscape.
5 assets owned by South African billionaire Douw Steyn
In 2023, the Sunday Times Rich List pegged Steyn’s fortune at $3 billion, thanks to a portfolio of luxury hotels and insurance companies.
Mauritian businesswoman Stephanie Ha Chow’s ABC Banking Corp stake is worth $5.1 million
Ha Chow holds a 14.59-percent stake in ABC Banking Corp., making her the second-largest shareholder in the Port Louis-based financial services provider.
South African exec Dominic Sewela’s stake in Barloworld now worth $2 million
Sewela, the group CEO of Barloworld, holds a 0.23-percent minority stake in the South African industrial powerhouse.
7 assets owned by South Africa’s second-richest man, Nicky Oppenheimer
As South Africa’s second-richest man, Oppenheimer continues to play a pivotal role in the country’s economic landscape.
Rebosis, founded by South African tycoon Sisa Ngebulana, gears up for resurgence as buyers flock with purchase offers
Rebosis Property Fund is a real estate investment trust company.
Zimbabwean tycoon Simon Rudland’s gold refinery suspended over alleged money laundering
Rudland is a famous Zimbabwean tycoon with interests in tobacco, logistics, financial services, and agriculture.
Nigerian energy tycoon Tope Shonubi invests $142 million in two LPG vessels
Shonubi is a co-founder and CEO of Sahara Group, a conglomerate with oil production, electricity generation, and oil trading operations.
Egyptian billionaire Naguib Sawiris to invest in Iraq real estate
Sawiris is venturing into Iraq’s real estate development sector after nearly two decades of focusing on the communications sector.
South African tycoon Stephen Brookes suffers $2.6-million loss from Balwin Properties stake
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, owns a 36.08-percent stake in the company.