South African tycoon Noluthando Gosa gains $6.7 million from stake in ArcelorMittal South Africa
Gosa is a leading business executive and CEO of Akhona Group, a 100-percent Black privately held investment holding.
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Egyptian billionaire Yasseen Mansour’s stake in property developer Palm Hills worth over $18 million
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
South African tycoon Piet Mouton gains $32.7 million from Capitec Bank first week of 2022
Capitec is one of South Africa’s largest lenders by number of customers.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
Zimbabwe’s richest man Strive Masyiwa gains $10.3 million in first five days of 2022
The gains come off of a surge in the market value of his stake in Cassava Smartech.
Only four African billionaires gained over $1 billion in 2021; here is how they performed
The year 2021 delivered impressive wealth gains for African billionaires and multimillionaires.
Jailed Angolan tycoon Carlos Sao Vicente continues fight for freedom
Vicente was once a prominent figure in Angola’s oil industry.
Mauritian real estate mogul Arnaud Mayer’s Evaco Group suffers $5.1-million loss in 2021
Evaco Group was founded by Mauritian businessman Arnaud Mayer in 2001 as a real estate development company.
Moroccan PM Aziz Akhannouch gains $179.5 million from stake in Afriquia Gaz in 2021
Afriquia Gaz SA is a Morocco-based group engaged in refining and marketing liquefied petroleum gas.
Kenyan tycoon Charles Njonjo, country’s first attorney-general, passes away at 101
Njonjo died at his home early Sunday morning.
They will be missed: The African tycoons and billionaires who passed away in 2021
An Eritrean cereals tycoon and an Egyptian billionaire patriarch are among the African mega-rich who passed away in 2021.
Ethiopian billionaire Mohammed Al-Amoudi loses $855 million in 2021
Al-Amoudi, who is the wealthiest man in Ethiopia, has a net worth of $6.71 billion.
Nigerian industrialist Samuel Bolarinde gains $5.3 million as Vitafoam shares soar by 188 percent
Vitafoam is Nigeria’s leading flexible and rigid polyurethane product manufacturer.
Tanzanian magnate Ketan Patel loses $5.3 million in 2021 as Shanta Gold shares lose half value
Patel, who founded Shanta Gold in 2001, has seen a $5.3-million loss in the value of his stake since January.