Highly indebted Nigerian tycoon Jimoh Ibrahim declares intention to run for seat in Senate
Ibrahim is the chairman of Global Fleet Group, a floundering West African conglomerate.
Billionaires Africa
Led by South African Saltzman family, Dis-Chem Pharmacies expects earnings to surge by 24.5 percent
The Saltzman family owns a beneficial 45.2-percent share in the healthcare company.
Here are the five billionaires who account for 3.8 percent of South Africa’s $683-billion private wealth
With a total private wealth of $651 billion, South Africa has more than twice as many billionaires as any other African country.
Africa’s richest man Aliko Dangote becomes world’s 70th richest person as net worth surpasses $20.4 billion
Dangote began the year as the 97th richest man in the world.
Herbert Wigwe’s Access Holdings posts $138.2 million in profit in Q1 2022
Access Holdings ranks as one of the most capitalized financial services institutions on the Nigerian Exchange.
Nigerian banking tycoon Jim Ovia’s Zenith Bank posts $140.1 million in profit in Q1 2022
Ovia owns a significant 16.2-percent stake in the company.
South African mogul Zak Calisto’s Karooooo to pay shareholders $17.7 million in dividends
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
London-based Egyptian billionaire Mohamed Al Fayed has gained over $300 million so far in 2022
The $300-million wealth gains cement his position as one of Egypt’s wealthiest businesspeople.
Egypt leads with seven billionaires, as Cairo reigns supreme as Africa’s billionaire city
Egypt’s seven billionaires account for $17.83 billion of Egypt’s $307 billion in private wealth.
Nigerian businessman Tony Elumelu’s UBA earns $100 million in profit in Q1 2022
Elumelu owns a sizable 6.39-percent stake in the company.
Kenyan businessman James Mwangi loses over $5.4 million from stake in Equity Group
As of press time, Mwangi’s stake in the Kenyan financial services group is valued at $52.81 million.
Egyptian multimillionaire Hassan Allam’s company is planning to build green hydrogen plants in Egypt
The plants will be located in the Suez Canal Economic Zone and along the Mediterranean coast.
Swvl, Egyptian startup led by Mostafa Kandil, acquires Turkish firm in $40-million deal
Kandil stated that with the acquisition of Volt Lines, Swvl will be positioned to deepen its presence in Europe.
Led by Tope Alabi, Nigerian fintech startup Afriex raises $10 million from institutional investors
Alabi and John Obirije founded the Lagos-based fintech startup Afriex in 2019. It is now valued at $60 million.
Madagascar’s richest man Ylias Akbaraly to acquire U.S. broadcasting company GatesAir
GatesAir has announced that Thomson Broadcast has inked a definitive agreement to acquire them.
Sibanye’s CEO Neal Froneman pocketed $19 million in remuneration in 2021
Froneman received a whopping $18.9 million in 2021.