David Steward’s net worth jumps by $400 million due to recent revaluation of his tech firm
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Billionaires Africa
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Femi Otedola’s siblings, Ayokunle and Rotimi, acquire additional $2 million stake in Geregu
Geregu Power is a leading power-generating company led by Femi Otedola, one of Africa’s richest billionaires.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.
Kenyan manufacturing firm linked to 93-year-old tycoon loses $5.3-million tax dispute
The recent ruling means that Kaluworks must pay the demanded amounts for corporate tax and VAT.
Kenyan banking magnate Gideon Muriuki’s stake in Co-op Bank is now worth $11 million
Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
Ken Sharpe’s WestProp underwhelms on first day of trading on VFEX
Despite the lackluster debut, Sharpe remains optimistic about the company’s future.
South African billionaire Koos Bekker’s net worth declines by $200 million in 96 days
Bekker has been an active businessman since 1985.
Hisham Talaat Moustafa’s TMG sees significant contraction in Q1 2023 sales
With a 43.16-percent stake in TMG Holding, Moustafa is one of the richest investors on the Egyptian Exchange.
Zak Calisto’s Karooooo reaches milestone, garnering $32 million in profit
Under the leadership of Calisto, Karooooo remains one of Africa’s most profitable tech companies.
Joseph Siaw Agyepong’s group, ZeroNox, unite for fleet retrofit electrification project
Agyepong founded Jospong Group as a printing press in 1995. Today, it has become one of the largest conglomerates in Ghana.
Naguib Sawiris’ Orascom Investment, BluEV join forces to revolutionize global transport industry
Sawiris emphasized that the partnership provides a viable solution to transform the transport sector in Egypt and the region.
Nigerian billionaire Femi Otedola opens up on Transcorp saga, Elumelu relationship
Nigerian billionaire Femi Otedola has opened up on the Trasncorp saga and his relationship with Tony Elumelu.
Ken Sharpe’s WestProp unveils training program after raising $3.3 million
Sharpe has established himself as a key figure in Zimbabwe’s real estate sector, thanks to his success as a dominant player in the market.
Washikala Malango: From refugee to visionary entrepreneur transforming energy in DRC
Under Washikala Malango’s leadership, Altech Group has emerged as the DRC’s leading provider of clean energy products and services.
JPMorgan acquires additional stake in Christo Wiese-linked retailer, Shoprite
Wiese, a South African billionaire who played a key role in the growth of Shoprite, has an 11.63-percent stake in the group.