Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires staff, cuts allowances
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Billionaires Africa
Egyptian mogul Khaled Mahmoud’s MM Group posts lower earnings in 9M 2023
Mahmoud owns 10.13 percent of the group, worth nearly $15.8 million.
Nigerian insurance tycoon Wole Oshin’s stake in Custodian now worth $18.9 million
Since Jan. 4, the market value of Oshin’s stake in Custodian has declined to $18.9 million.
Jit Bhattacharya-led BasiGo receives $6.6 million to kick-off EV assembly in Kenya
Bhattacharya and his friend Jonathan Green established BasiGo in 2021.
South African billionaire Christo Wiese-linked Premier reveals plans to list on JSE
Premier Group operates under the banner of Brait SE.
Led by Egyptian Khamis family, Oriental Weavers’ profit slumps below $24 million
The Khamis family’s share in Oriental Weavers is worth $117 million.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG posts $80 million in profit
Moustafa’s stake in TMG Holdings is worth $311 million.
Kenyan tycoon Jimnah Mbaru has lost nearly $3 million this year from stake in Britam
Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
South African businessman Gerrie Fourie gains $26 million in 45 days
Fourie owns a beneficial 0.86-percent stake in the Stellenbosch-based banking group.
South African billionaire Christo Wiese-linked Shoprite posts strong sales in Q1 2023
Wiese owns 11.58 percent of the company, valued at over $860 million.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria now worth $350 million
Odili is also the chairman and executive director of Aeromaritime Group.
Egyptian billionaire Mohamed Mansour to boost interest in green projects after Twitter exit
Mansour wants 10 percent of his investments to be green-focused.
Kenyan businessman James Mwangi donates $1 million to support families facing extreme hunger
Kenya is suffering from its worst drought in decades.
South Africa’s richest man Johann Rupert gains $1.4 billion as net worth surpass $10 billion
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
Africa’s richest man Aliko Dangote is now richer than Binance boss Changpeng Zhao
Dangote has a net worth of $18.3 billion.
Egyptian billionaire Yasseen Mansour’s Palm Hills posts $37.4 million in profit in 9M 2022
Mansour owns a sizable 5.22-percent stake in the Cairo-based property developer.