U.S. billionaire Bill Gates-backed firm sells stakes worth $8.2 million in Kenya hospitals
Evercare Health Fund is a U.S.-based private equity fund.
Billionaires Africa
Egyptian tycoon Ahmed El Sewedy’s electric company to set up new firm in Saudi Arabia
El Sewedy Electric was founded in 1938 by the El Sewedy family.
Aliko Dangote’s net worth surpass $19 billion, first time since September
Dangote’s 86-percent stake in his cement company is worth $8.64 billion.
South African billionaire Johann Rupert sees net worth rise by $1.76 billion in November
Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
Kenyan businessman James Mwangi’s Equity targets traders with $2.1-billion fund
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan tycoon Narendra Raval’s Devki Group opens $240-million steel factory
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Nigerian tycoon Temitope Lawani’s Helios buys stakes in two data centers in Kenya, Morocco
Helios Investment is one of the largest Africa-focused private investment firms.
Elon Musk’s Starlink to launch satellite Internet service in Tanzania in 2023
Starlink provides global high-speed, low-latency broadband Internet.
African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
Kenyan businessman James Mwangi’s Equity posts $281 million in profit in 9M 2022
Mwangi owns a 3.38-percent stake in Equity Group.
Egyptian billionaire Nassef Sawiris gains $360 million in 22 days
Sawiris derives the majority of his fortune from his 38.8-percent stake in OCI N.V. and his six percent stake in Adidas.
South African businesswoman Noluthando Gosa’s stake in ArcelorMittal now worth $18.5 million
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
South African billionaire Christo Wiese-linked Pepkor posts $353 million in profit in 2022
In 2014, Wiese sold Pepkor to Steinhoff International in exchange for 20 percent of Steinhoff’s issued shares.
Nigerian tycoon Tayo Amusan-led Shoprite Nigeria restates expansion plans
Shoprite Nigeria is owned by Ketron Investment Limited, an investment group led by Amusan.
South African-born billionaire Patrick Soon-Shiong’s net worth gains $370 million in 51 days
The recent increase reduced his year-to-date wealth loss to $875 million.
Africa’s richest man Aliko Dangote’s cement plans to buy back shares worth $917 million
None of Dangote Cement’s directors will take part in the share buyback program.