South African billionaire Raymond Ackerman and family lose $96 million as Pick ‘n Pay shares bleed on JSE
Ackerman and his family own a 25.53-percent stake in Pick ‘n Pay.
Hot News
Fintech firm owned by Robert Smith’s Vista Equity explores $7-billion banking unit sale
Smith is a successful private equity investor and philanthropist.
Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit
AXIAN Group is a pan-African conglomerate.
Sudanese-British billionaire Mo Ibrahim’s net worth surges by $100 million
Ibrahim holds the distinction of being both a Black British billionaire and the wealthiest Sudanese businessman.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs Qotto’s $8-million Series-A equity-debt round
Lagesse’s group is investing in solar kit provider Qotto.
South African billionaire Laurie Dippenaar gains $16.8 million from FirstRand shares
Dippenaar owns 1.76 percent of FirstRand, or 98,726,988 shares.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.
Elon Musk’s SpaceX secures license to launch Starlink in Rwanda
Musk’s Starlink provides global high-speed, low-latency broadband Internet.
Tech billionaire Gbenga Agboola’s Flutterwave to recover $52.5 million from Kenyan gov’t
Flutterwave is a financial technology company.
Nigerian entrepreneur Richmond Bassey’s Bamboo secures brokerage license from SEC
Bamboo is a cutting-edge investment-tech startup.
Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup
Qene Games is a game development studio.
Nigerian tycoon Temitope Lawani-linked Vivo Energy to acquire controlling stake in Engen
Lawani holds a direct 1.55-percent stake in Vivo Energy.
Nigerian auto magnate Innocent Chukwuma’s Innoson to sell vehicles to Jamaica
IVM was established in 2007.
Morocco’s second-richest man Othman Benjelloun gains $100 million
Benjelloun derives most of his wealth from his investment in BMCE Group.
Egypt removes multimillionaire businessman Safwan Thabet from terror list
habet is a well-known Egyptian businessman who founded and led Juhayna Food Industries.
Idrissa Nassa, Burkinabe banking mogul, announces Coris Bank’s ambitious pan-African expansion for 2023
Coris Bank has evolved into a key player in the West African financial services industry.