Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
Billionaires Africa
7 companies owned by Tanzanian multimillionaire Ghalib Said Mohamed
Tanzanian multimillionaire Ghalib Said Mohamed is the chairman of GSM Group, one of East Africa’s most prosperous conglomerates.
Botswana-based mogul Jonathan Gibson gains over $5 million from stake in Chobe Holdings
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.
Kenyan businessman John Kimani earns nearly $1.6 million from Kakuzi shares
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
American-Nigerian mogul Sam Darwish’s IHS dragged to court by French firm Wendel
Under the leadership of Darwish, IHS Holding has also witnessed modest growth. The company’s total assets have reached $6.49 billion.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, sees $120-million block trading deal after listing
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
5 companies owned by South African tycoon Piet Mouton
These stakes contribute to Mouton’s expanding wealth and reinforce his position as one of South Africa’s leading business figures.
DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.
Tony Elumelu’s UBA stake surges, raking in $8.7 million in three weeks
Elumelu currently holds a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares.
Kenyan multimillionaire David Langat’s properties to be auctioned over debt
Langat, the founder and chairman of DL Group, is one of the largest indigenous producers and exporters of Kenyan tea.
Alami Lazraq scores $40-million gain from stake in Casablanca property developer
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
Femi Otedola in talks with Lagos gov’t for Nigeria’s first-ever PPP power transmission project
Otedola expressed his optimism about the talks, which aim to establish Nigeria’s first-ever PPP power transmission project.
South African executive Josua Malherbe’s stake in Remgro skyrockets, earning him $1.3 million in 42 days
Malherbe owns a beneficial 0.21-percent stake in the investment holding, or 1,178,995 ordinary shares.
Nigerian billionaire Kola Karim donated $65,000 to Conservative Party
Karim, an energy and construction tycoon, joins a list of conservative party donors that include Mohamed Mansour and Amit Lohia.
Nigerian fertilizer tycoon Thomas Etuh donates hospital to Gombe State
Etuh is the owner of TAK Group which owns operates fertilizer blending plants across the country among other interests.