Patrice Motsepe-linked SIH combines with Absa to create one of South Africa’s largest asset managers
SIH is Sanlam’s third-party asset management company.
Billionaires Africa
Africa’s richest man Aliko Dangote gains $1.5 billion in November
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Kenyan tycoon banker James Mwangi’s Equity rolls out risk-based lending
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Global police agency Interpol confirms red notice for Angolan billionaire Isabel dos Santos
According to Forbes magazine, dos Santos was once Africa’s richest woman.
Nigerian billionaires, other owners of private jets sue gov’t over $67.5-million tax
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
Egyptian businessman Hani Berzi gains $29 million in 30 days from stake in Edita
Berzi owns a significant 41.95-percent stake in Edita Food Industries.
South African mogul Neal Froneman-led Sibanye to spend $616 million on Finland lithium project
Froneman holds a 0.074-percent stake in Sibanye-Stillwater.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs 4DI Capital’s $25-million seed fund
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group.
South African billionaire Nicky Oppenheimer now richer than Fox News’ Rupert Murdoch
Oppenheimer derives his fortune from private equity investments.
Femi Otedola’s Geregu Power returns $170.1 million in gains 56 days after listing on NGX
Otedola owns 80 percent of Geregu Power.
Tyler Perry signs deal with Amazon Studios to make four new movies
At the time of writing, Perry’s net worth was estimated to be $1 billion.
Nigerian mogul Ben Murray-Bruce’s Silverbird seals deal to build West Africa’s largest film studio
Silverbird Group is a leading multimedia company.
Zimbabwean billionaire Strive Masiyiwa’s ADC to build its first data center in Rwanda
ADC is an affiliate of Cassava Technologies.
Moroccan tycoon Hassane Amor has now lost $23.6 million since start of 2022
Amor owns a 56.17-percent stake in Microdata.
South African exec Gus Attridge loses $10 million in 13 days from stake in Aspen Pharmacare
Attridge owns a 4.26-percent stake in the company.
South African tycoon Stephen Brookes’ Balwin Properties returns $14.6 million to shareholders
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.