South African tycoon Neal Froneman’s Sibanye-Stillwater among potential buyers for Zambia’s Mopani Copper Mines
Froneman confirmed the company’s interest in acquiring Mopani, expressing a long-term investment outlook.
Billionaires Africa
Kenyan tycoon Jimnah Mbaru sells millions in shares, shakes up Britam ownership
While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
Egyptian tycoon Hani Berzi’s Edita unveils $25.9-million investment plan to dominate regional market
Founded by Berzi in 1996, Edita is renowned as a market leader in Egypt’s flourishing packaged snack food market.
Zimbabwe’s richest man Strive Masiyiwa faces $400-million net worth plunge in single month
Despite this recent setback, Masiyiwa remains Zimbabwe’s richest man and also one of the world’s richest Black people.
South African tycoon Piet Mouton gains $59.1 million as Capitec Bank shares skyrocket
After suffering significant losses earlier this year, Mouton has bounced back with an impressive gain of $59.1 million in just 19 days.
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Egyptian tycoon Ahmed El-Sewedy’s fortune soars as stake in electric company approaches $1 billion
El-Sewedy, alongside his siblings Sadek and Mohammed, collectively owns 68 percent of the company.
Four assets that make South African billionaire Johann Rupert Africa’s richest man
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.
Nigerian billionaire Mike Adenuga earns $1.5-million dividend from Julius Berger
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
Kenyan banker Gideon Muriuki’s Co-op Bank adds over 500 jobs, bolstering expansion in Kenya
Under the leadership of Muriuki, Co-op Bank’s 2022 annual report revealed an impressive financial performance.
5 African millionaires who made a fortune in tobacco
These five African multimillionaires built enormous wealth from fueling one of the world’s deadliest and riskiest habits and vices – smoking.
CEO of Africa’s largest publicly listed firm gains $5.48 million in just 18 days
Over the past 18 days, van Dijk’s holdings surged by an impressive $5.48 million, according to data tracked by Billionaires.Africa.
Nigerian tycoon Tony Elumelu’s UBA stake hit hard as naira devaluation sends shockwaves
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Meet the four African billionaires who signed The Giving Pledge
From Tanzania, Sudan, Zimbabwe and South Africa, meet the four African billionaires who have signed The Giving Pledge.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.