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.
Billionaires Africa
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.
Meet Gregory Rockson: Ghanaian entrepreneur set to expand his startup in Nigeria with $43-million investment
Rockson is dedicated to transforming healthcare for patients across Africa.
Egyptian businessman Waleed Zaki’s real estate company rakes in $278 million in revenue
The company’s success is due to the devaluation of the Egyptian pound.
Nigerian multimillionaire banker Herbert Wigwe loses $1.5 million from Access Holdings stake
Wigwe is regarded as one of the most successful bankers in Nigeria.
Meet 14-year-old Nigerian-British model making waves as Forbes’ youngest Under 30 Europe honoree
Jordan Oguntayo is a young Nigerian-British model whose work ethic is unmatched.
Egyptian entrepreneur Ashraf Sabry’s Fawry smashes expectations with $10.6 million in profit in 2022
Sabry owns a 2.345-percent stake in Fawry.
Shoprite, linked to billionaire Christo Wiese, set to launch clothing stores in Cape Town
Wiese owns an 11.63-percent stake in the company.
Hitesh Anadkat poised to become Malawi’s richest man as net worth surges by $50 million
Anadkat’s influence in the African business landscape extends beyond his stake in FMB Capital.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Adidas takes $763-million hit in Q4 following Kanye West’s exit
Adidas executives remain confident despite the underwhelming results.
South African billionaire Johann Rupert’s net worth plummets $200 million in just 72 hours
Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
South African billionaire Patrice Motsepe to pocket $67.1 million dividend from ARM
Motsepe owns a 39.7-percent stake in the diversified mining group.
Aliko Dangote inches closer to $20-billion net worth milestone as Dangote Cement shares surge
The surge in Dangote’s net worth cements his dominance as the wealthiest person on the continent.