13 companies owned by Nigerian shipping tycoon Victor Odili
His investments have positioned him as a quiet force in Nigeria’s corporate world, with ownership in some of the country’s most essential industries.
Billionaires Africa
Former chief of Africa’s biggest firm makes $19 million in just over a month—here’s how
Over the past 37 days, Bob van Dijk’s stake has increased by R353.53 million ($19.39 million) amid renewed investor confidence.
Botswana businessman Anthony Gilby’s Tlou Energy posts $3.7 million loss
The company, still in its exploration and evaluation phase, generated no revenue during the period but continued to invest heavily in its gas-to-power project.
Zak Calisto’s Karooooo faces major write-down after political unrest in Mozambique
It expects minimal impact on earnings and cash flow, as Mozambique contributes a small share of profits across 25 countries.
Seplat, co-founded by Nigerian tycoon Austin Avuru, unveils $650 million notes to slash debt costs
As part of the refinancing process, Seplat has also launched a tender offer allowing investors to sell back their 2026 notes before the March 18, 2025, deadline.
Naira slide cuts $500 million from Nigeria’s third-richest man’s wealth in 24 hours
The sharp decline highlights the volatility of Nigeria’s currency and its direct impact on the fortunes of the country’s wealthiest individuals.
Sue Nabi, Algerian-born French beauty mogul, rakes in $6 million from Coty
This follows a sharp drop between Jan. 27 and Feb. 19, when her stake fell by $64.05 million, from $242.51 million to $178.46 million.
Nigerian banker Jim Ovia’s Zenith Bank stake drops nearly $15 million
This follows a strong performance in January, when his shareholding surged by over $11 million between Jan. 17 and 30.
5 companies owned by South African businessman Lazarus Zim
His career—spanning executive leadership, major acquisitions, and boardroom influence—reflects a deep understanding of South Africa’s shifting economic landscape.
Egyptian steel magnate Ahmed Ezz loses $32 million from Ezz Steel stake
This represents a sharp reversal from the recent highs recorded in February, when the market value of his stake had surged to nearly $1 billion.
Eaton, led by Black executive Craig Arnold, to acquire Fibrebond for $1.4 billion
The deal, subject to regulatory approval, will expand Eaton’s presence in the data center and industrial markets.
Aliko Dangote’s refinery, others under pressure as NNPC ends naira-for-crude deal
The move is expected to drive up operational costs and could lead to higher fuel prices.
South Africa’s Saltzman family sees $45 million wipeout as Dis-Chem shares plunge
This latest drop comes after a $26.33 million loss earlier in the year.
Egyptian billionaire Samih Sawiris transforms Andermatt with $1.2 billion luxury makeover
The revitalized resort now offers world-class skiing, scenic hiking trails, championship golf, and Michelin-starred dining.
Kenafric, led by Kenya’s Shah family, expands in East Africa with stationery firm acquisition
The deal, backed by Kenya’s billionaire Shah family, strengthens Kenafric’s presence in the fast-moving consumer goods sector.
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.