Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Hot News
Michiel Le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
Aliko Dangote scales up $10 million food relief effort in Nigeria
The program is aimed at helping low-income families cope with the harsh economic climate and rising cost of living.
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
Clicks Group, led by Bertina Engelbrecht, plans $54.5 million expansion
Clicks Group, led by Bertina Engelbrecht, to invest $54.5 million to expand stores, upgrade supply chains, and grow health and beauty segments.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Aig-Imoukhuede leads Access Holdings to $400 million profit
Access Holdings, under Aigboje Aig-Imoukhuede, posted a $400 million profit in 2024, driven by asset growth, cost control, and expansion across Africa.
Samuel Dossou-Aworet-backed Tullow strikes $120 million deal to exit Kenya
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Anthony Leeming pockets $1.2 million salary in 2024
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.
Dalia Khorshid leads Beltone to $205 million capital boost
The capital boost highlights increasing investor confidence, positioning the company for continued expansion.
Elon Musk’s Starlink gains ground in Lesotho and Somalia
The move comes as countries across the continent ramp up efforts to improve digital connectivity and attract foreign investment.
Adrian Gore’s Discovery stake declines by nearly $40 million
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
Tyler Perry ranks as world’s richest actor with $1.4 billion
Since 2021, Tyler Perry has added $400 million to his wealth through deals with Netflix, Amazon Studios, and BET.
Wale Tinubu’s Oando faces sabotage attacks on newly acquired pipelines
Oando Plc, one of Nigeria’s leading oil companies, said three separate incidents were recorded over the past week.