Malawi’s 15 richest people
Billionaires.Africa profiles Malawi’s 15 richest business leaders, highlighting their industries, key holdings, and financial impact.
Southern Africa
Hitesh Anadkat on track to become Malawi’s first billionaire as FMB stake nears $1 billion
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
Ninety-One raises bet on mining firm of Africa’s first Black billionaire, stake tops $80 million
The move boosts Ninety One’s stake from 3.5 percent to 5 percent, reinforcing its investment strategy even as the miner reports its weakest earnings in seven years.
ArcelorMittal South Africa, tied to Noluthando Gosa, to end long steel production by April
After prolonged discussions with authorities, ArcelorMittal SA said it had no choice but to move forward with the shutdown.
South Africa’s richest man Johann Rupert gains $520 million in February
With February’s gains, Rupert’s year-to-date increase now stands at $3.19 billion, making him the only African billionaire to have gained more than $3 billion so far in 2025.
Africa’s first Black billionaire Patrice Motsepe loses $100 million as ARM struggles
The decline follows a steep 16 percent drop in ARM’s share price over the past five days, with the stock sliding from R162 ($8.8) to R135 ($7.33).
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Africa’s first Black billionaire Patrice Motsepe’s mining empire battles falling earnings
African Rainbow Minerals (ARM), led by Motsepe, forecasts a 55% drop in headline earnings on weaker iron ore prices.
Top 10 richest pharmaceutical moguls in Africa
These industry giants have built pharmaceutical empires that generate billions in revenue while making healthcare more affordable and widely available.
Glencore, led by South Africa’s Gary Nagle, wins $120 million payout in Nigerian LNG battle
The legal dispute underscores escalating tensions in global LNG markets, as suppliers and traders grapple with post-2022 contract enforcement challenges.
Sibanye, led by South African tycoon Neal Froneman, exits $980 million lithium project
The company has communicated its decision to ioneer, which will now seek alternative pathways to advance the project.
Naguib Sawiris calls on Egypt’s President to reevaluate mega-projects amid dollar shortage
Sawiris cautioned that the ambitious projects require substantial foreign currency, straining Egypt’s economy.
South African exec. Duncan Wanblad-led Anglo American deepens ties with Botswana in diamond deal
De Beers secures a 25-year extension for Debswana’s mining licenses, reinforcing its leadership as Botswana rebalances its diamond trade strategy.
Eswatini’s richest man Natie Kirsh sees $100 million drop in net worth
Kirsh, who built his empire from a family sorghum-malt business in 1952, derives most of his fortune from his 75-percent stake in Jetro Holdings.
15 richest mining tycoons in South Africa
Their influence extends far beyond the mines, reaching into banking, infrastructure, and energy—sectors that form the backbone of Africa’s most industrialized economy.
Standard Bank, led by South African banker Sim Tshabalala, unveils $397 million boost for SMMEs
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.