Neal Froneman: Sibanye-Stillwater’s proposed unit to secure $700 million from U.S. gov’t
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
Billionaires Africa
Swazi billionaire Natie Kirsh’s net worth surges by $157 million
Kirsh derives the majority of his fortune from Kirsh Group and Jetro Holdings.
South African billionaire Christo Wiese’s stake in Shoprite jumps $67 million in 16 days
Wiese owns 11.63 percent of Shoprite Holdings, Africa’s largest retailer.
Abdul Samad Rabiu becomes Africa’s fourth-richest man, ousting Egypt’s Nassef Sawiris
Rabiu is Nigeria’s second-richest man.
Cameroonian banker Alain Nkontchou makes $1.5-million power move with Ecobank share purchase
Nkontchou is the chairman of Ecobank.
This Kenyan Investment banker recently raised $128 million to invest in East African SMEs
Owino is the founder of Ascent Capital.
Elon Musk’s satellite Internet service Starlink to launch in Kenya in Q2
Starlink is the satellite Internet service provided by SpaceX.
Kenyan tycoon Ronald Karauri’s Sportpesa unveils restructuring plan
Sportpesa is a leading sports news and betting technology company.
Nigerian banker Herbert Wigwe’s Access Holdings aborts takeover of Kenya’s Sidian Bank
Wigwe owns a 4.51-percent stake in Access Holdings.
African-American VC launches $17-million fund for startups driving demographic change
Woodard made headlines in 2016 when she joined 500 Startups.
Nigeria’s president to commission $19-billion refinery owned by Aliko Dangote
The project will strengthen the country’s downstream industry.
Nigerian billionaire Abdul Samad Rabiu loses $255 million in 12 days
He remains Nigeria’s second-richest man.
Releaf, led by Nigerian entrepreneur Ikenna Nzewi, raises $3.3 million for new technologies
Releaf has secured more than $100 million in supply contracts.
South billionaire Koos Bekker gains $50 million as JSE hits all-time high
The South African billionaire controls 0.96 percent of Naspers.
Wealth of Egyptian billionaires under threat as devaluation of pound reaches record lows
The devaluation of the pound may have a significant impact on the economy and on the net worth of Egyptian billionaires.
Tunisian tech entrepreneurs set to sell AI company to German biotech firm for $390 million
InstaDeep was founded in 2014.