Prosus N.V., led by South African billionaire Koos Bekker, to sell Russian internet marketplace Avito for $2.4 billion
Bekker’s 0.84-percent stake in Prosus is worth $588 million.
Billionaires Africa
Egyptian entrepreneur Ahmed Sabbah’s Telda secures $20 million from investors
Sabbah ranks among Africa’s top tech founders.
Billionaire Abdul Samad Rabiu to build $2.3-million amphitheater building in Nigerian university
Rabiu is the chairman of BUA Group.
London-based Egyptian tycoon Mohamed Al Fayed’s net worth slumps by $200 million
Al Fayed amassed the majority of his fortune from the sale of his shares in Harrod’s.
South African businessman Andre Du Plessis gains $12.8 million in two weeks
Du Plessis co-founded Capitec Bank in 2001.
South African mogul Zak Calisto’s Karooooo reports nearly $17.1 million in profit in H1 2023
Karooooo is a leading provider of smart transportation management and analytics.
Nigerian billionaire Femi Otedola’s Geregu Power sheds $62 million in 24 hours
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.
Egyptian businesswoman Hend El-Sherbini’s IDH to roll out three new scan centers in 2023
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
Moroccan tycoon Hassane Amor has now lost $25.7 million from stake in Microdata
As the company’s founder and chairman, he owns 56.17 percent of the Casablanca-based IT services business.
Gaming tycoon Kunle Soname’s airline ValueJet begins operations in Nigeria
Soname stated: “ValueJet is hardly a stranger in the industry.”
Africa’s richest man Aliko Dangote’s group says $19-billion oil refinery is 97-percent complete
The refinery project has been long hampered by a number of factors.
South African tech tycoon Jens Montanana’s Datatec to pay shareholders $149.5 million in special dividend
Montanana is Datatec’s founder and CEO.
South Africa’s richest billionaires Rupert, Oppenheimer $3.58-billion poorer than year ago
Rupert and Oppenheimer remain the two wealthiest billionaires in South Africa.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches renewable energy subsidiary, NEA
AXIAN Group is a Malagasy-based pan-African conglomerate.
Led by Kenya’s richest families, NCBA Group plans to spin out M-Shwari, other fintech businesses as separate unit
NCBA Group is partly owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Egyptian businessman Abdallah Sallam’s stake in MNHD stake slumps by nearly $4.5 million in 45 days
Sallam owns five percent of MNHD.