Benin seizes assets of exiled chicken tycoon Sebastien Ajavon over alleged tax fraud
Ajavon is the founder of Cajaf-Comon, Benin’s largest supplier of frozen chicken.
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Swazi billionaire Natie Kirsh’s net worth slumps by more than $600 million
However, Kirsh still remains one of Africa’s wealthiest billionaires.
South African tycoon Jens Montanana’s Datatec sells Analysys Mason management consulting firm for $252 million
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.
South African billionaire Johann Rupert suffers $570-million wealth loss in June
Rupert still remains South Africa’s richest man.
Africa’s richest man Aliko Dangote gains $100 million in June
The $100-million increase in his net worth in June follows a $300-million decline in May.
South African Saltzman family loses $145 million in two months from Dis-Chem stake
Over the years, Dis-Chem Pharmacies has grown into one of South Africa’s leading retail healthcare groups.
Kenyan banking magnate James Mwangi loses more than $6 million in June
Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
Cameroonian tycoon Samuel Foyou prepares to launch brewing company
Foyou’s Brasaf will officially launch its first beer containing 75 percent malt and 25 percent corn on June 30.
Nigerian billionaire Abdul Samad Rabiu loses $500 million in less than 30 days
Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.
South African tycoon Adrian Gore’s Discovery announces secondary listing on A2X Markets
A2X Markets is a Sandton-based stock exchange founded in 2014.
Egyptian mogul Safwan Thabet’s Juhayna reports $7.5 million in profit in Q1 2022
Thabet owns a majority 50.07-percent stake in the group.
Zimbabwean billionaire Strive Masiyiwa loses $2.5 billion amid stock market sell-off
The slump in his net worth can be attributed to a plunge in the shares of his publicly traded companies.
Moroccan real estate billionaire Alami Lazraq loses $25 million in 55 days
Lazraq owns 51.7 percent of Casablanca-based property developer Alliances Developpement Immobilier SA.
Oprah Winfrey has now lost more than $100 million since beginning of 2022
Her net worth has dropped from $2.6 billion to $2.5 billion.
Mauritian tycoon Arnaud Lagesse-led IBL Group buys stake in leading Kenyan supermarket chain
The transaction highlights Naivas’ intrinsic value as Kenya’s largest supermarket chain.
Prosus N.V., led by South African billionaire Koos Bekker, sells $3.67-billion stake in JD.com
Prosus N.V. has grown into a leading global consumer Internet group.