Africa’s first Black billionaire Patrice Motsepe gains $200 million in 19 days
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
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Kenyan tycoon Jimnah Mbaru sells millions in shares, shakes up Britam ownership
While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
Egyptian tycoon Hani Berzi’s Edita unveils $25.9-million investment plan to dominate regional market
Founded by Berzi in 1996, Edita is renowned as a market leader in Egypt’s flourishing packaged snack food market.
Zimbabwe’s richest man Strive Masiyiwa faces $400-million net worth plunge in single month
Despite this recent setback, Masiyiwa remains Zimbabwe’s richest man and also one of the world’s richest Black people.
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Meet the four African billionaires who signed The Giving Pledge
From Tanzania, Sudan, Zimbabwe and South Africa, meet the four African billionaires who have signed The Giving Pledge.
Michael Jordan is reportedly selling his Hornets stake for $3-billion
In 2010, Jordan who is today worth $2-billion, paid $275-million for a majority ownership in the Hornets.
Kenya’s Moi family-linked Sosian Energy electrifies national grid, paving way for power stability
Kenya’s Moi family is Kenya’s second-largest landowner after the Kenyatta family.
Dangote ‘no longer Africa’s richest man’ as devaluation forces Forbes to reshuffle Africa’s wealthiest list
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
South African billionaire Johann Rupert is now Africa’s richest man, according to Forbes
According to Forbes, Rupert has ousted Aliko Dangote to become Africa’s richest man.
South African tycoon Adrian Gore racks up nearly $50 million in just 16 days
Gore, the founder of Discovery, is recognized as one of South Africa’s richest investors and businessmen.
South African tech mogul Jens Montanana gains $17.6 million from Datatec stake
Montanana holds a 14.06-percent stake in the multinational technology company.
25 Indian billionaires who made a fortune in Africa
Meet 25 Indian immigrant entrepreneurs who have built multimillion- and billion-dollar businesses and fortunes in Africa.
Naguib Sawiris’ Orascom Investment delivers strong $3.5 million profit in Q1 2023
Orascom Investment Holding was established in 2011 under the leadership of Egyptian billionaire Naguib Sawiris