Femi Otedola regains spot on Africa’s richest list as stake in Geregu Power nears $2 billion
Otedola joins a select group of African billionaires whose holdings in publicly traded companies exceed $1.5 billion.
Billionaires Africa
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Egyptian billionaire Naguib Sawiris moves money to J.P. Morgan after Silicon Valley Bank’s collapse
Although Sawiris has no direct exposure to Silicon Valley Bank, his invested companies do.
African-American billionaire Sean “Diddy” Combs joins Tyler Perry, Byron Allen in race to acquire BET
Combs plans to build a multi-billion-dollar Black-owned media giant.
Meet Paul Kimani, Kenyan entrepreneur whose HR startup processes over $200 million in payroll value annually
Success for Kimani means paving the way for the next generation of African entrepreneurs.
South African billionaire Michiel Le Roux’s Capitec Bank reaches 20-million clients milestone
Le Roux owns 11.41 percent of the Stellenbosch-based financial services provider.
Egyptian tycoon Hassan Allam’s firm set to develop world-class logistics parks in Egypt
Hassan Allam Holding is a privately owned engineering firm led by Egyptian businessman Hassan Allam.
Koos Bekker’s Naspers closes $100-million fund days after Silicon Valley Bank’s collapse
Shares rise 1.3 percent after Naspers shuts down its $100-million venture capital fund.
Egyptian businesswoman Hend El-Sherbini suffers $23-million blow to her stake in IDH
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
Egyptian tycoon Medhat Khalil loses $10 million as Raya Holdings’ profits tumble below $14 million in 2022
Raya Holdings is an investment group.
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
South African billionaire Christo Wiese’s Brait to list Premier on JSE on March 24
Wiese derives the majority of his fortune from Shoprite.
Kenyan banking mogul James Mwangi suffers $3.8 million loss in just 60 days
The recent drop in Mwangi’s stake has pared his earlier gains this year to a loss of nearly $1.5 million.
5 South African billionaires at risk of losing millions of dollars as rand depreciates against U.S. dollar
The depreciation of the rand could potentially threaten the net worth of South African billionaires and millionaires.
South African tech mogul Jens Montanana rakes in $5.5 million in 70 days from Datatec stake
Montanana’s stake since the start of the year has risen to $58.34 million.
Meet Mounir Nakhla, the Egyptian entrepreneur behind Egypt’s first billion-dollar private tech firm
Nakhla has a strong vision to enhance financial inclusion and women’s economic empowerment through micro-finance.