Malawian businessman Hitesh Anadkat loses $12 million in FMB Capital share drop
Despite the recent setbacks, Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange.
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Nigerian banker Segun Agbaje-led GTCO gets approval for $750 million capital raise
The targeted capital will be sourced through public offerings, private placements, rights issues, and other instruments.
Kenya’s richest banker James Mwangi loses $2.4 million from stake in Equity Group
Equity Group’s share price on the NSE has declined by 5.63 percent, dropping from Ksh44.4 ($0.3377) on Apr. 18 to Ksh41.9 ($0.3187) at the time of this update.
Egypt’s billionaire El-Sewedy family gains nearly $120 million in 10 days
The family’s joint stake in Elsewedy Electric has risen from EGP45.9 billion ($968.4 billion) on April 30 to EGP51.49 billion ($1.09 billion).
South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial future.
Sasini, controlled by Kenya’s wealthy Merali family posts $22 million in revenue in H1 2024
The Merali family holds a majority stake of 65.46 percent in Sasini Plc, valued at approximately $25 million.
Beyond chart-topping diss tracks: Kendrick Lamar’s ventures and property portfolio
Beyond his chart-topping hits and captivating performances, Kendrick Lamar has demonstrated a keen eye for business ventures and strategic investments.
Meet Julio Jones: The legendary NFL wide-receiver with ‘wide’ range
Jones’ owning business ventures in real estate, car dealership, restaurants shows his ability to find space in any given realm, not just football.
Ugandan tycoon Charles Mbire’s MTN Uganda posts $40-million profit in Q1 2024
This strong performance builds on MTN Uganda’s success in 2023, with total revenue rising 16.75 percent to Ush2.67 trillion ($687.97 million).
South African tycoon Laurie Dippenaar’s FirstRand gets nod for $16.2-million bond listing
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).
Lagos-based Greek businessman makes $17.1 million from stake in Flour Mills
Founded in 1960 by the late George Coumantaros and now led by his son John Coumantaros, Flour Mills has become a major player in Nigeria’s food and agro-allied industries.
South African-British billionaire Clive Calder’s fortune jumps $300 million in 16 days
Calder’s recent wealth surge solidifies his position as a top figure on both the African and global stages, underscoring his enduring influence.
South African banker Alan Pullinger’s FirstRand stake hits $20 million
Pullinger’s newfound wealth cements his status as one of South Africa’s most affluent executives.
Nigerian energy tycoon Austin Avuru’s Seplat to boost gas production by 390 mmscfd
The announcement coincides with Seplat celebrating its rise from a vision shared by co-founders Ambrosie Bryant Chukwueloka Orjiako and Avuru to a prominent African energy player.
Africa’s first Black billionaire Patrice Motsepe backs Lesaka as it inks $85-million deal to acquire Adumo
Motsepe, who became Africa’s first Black billionaire in 2008 thanks to his mining ventures, is establishing a new base for his fortune, building resilience, and seeking future opportunities.
French billionaire’s firm buys $30.6-million stake in DStv parent, MultiChoice
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice, signaling its expanding ambitions in Africa’s entertainment market.