Malawian banker Noel Mkulichi leads FDH Bank to $1.25 billion valuation
With over two decades of experience in financial regulation and banking, Mkulichi has shaped Malawi’s financial sector.
Southern Africa
South African executive Duncan Wanblad-led Anglo American announces internal restructure as demerger advances
The internal restructuring consolidates control under AAI while keeping Anglo American’s overall ownership unchanged.
South African banker Sim Tshabalala-led Standard Bank, raises stake in JSE-listed Trencor to $4.2 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
South African billionaire Jannie Mouton’s Capitec Bank stake nears $1 billion
A recent surge in the leading retail bank’s share price has pushed his holdings close to the $1 billion mark.
Natie Kirsh, Eswatini’s richest man, nears $10 billion after $521 million gain this year
His wealth has now climbed from $9.3 billion to $9.85 billion, adding to the $1.77 billion he gained in 2024.
10 richest businessmen in Botswana in 2025
Botswana is home to a small but powerful group of multimillionaires whose influence extends far beyond their personal fortunes.
South Africa’s Ackerman family gains $14.25 million as Pick n Pay shares rebound
In just nine days, the family’s stake gained R263.07 million ($14.25 million), clawing back some of last year’s losses.
Africa’s largest asset manager buys additional stake worth $67 million in Stephen Saad’s Aspen Pharmacare
With this latest transaction, PIC’s stake in Aspen is now worth nearly a billion dollars—R15.2 billion ($824.24 million).
Gus Attridge’s stake in Africa’s largest pharma company drops by $12 million
His 19,188,850 shares are now valued at R3.24 billion ($175.82 million), reflecting the latest decline in Aspen’s stock price.
Zimbabwe’s 10 richest men in 2025
Their influence extends across industries that define the country’s financial pulse: telecommunications, real estate, mining, energy, retail, and finance.
Internet group led by South African billionaire Koos Bekker buys back $196 million in shares
While continuing its buyback program, Prosus is also looking ahead, with plans to invest nearly $20 billion in Europe.
South African tycoon Adrian Gore makes $41 million from Discovery stake in just 8 days
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
UK-based firm opposes Dominic Sewela-Barloworld’s delisting plan
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
South African tycoon, Terrence Moolman, rakes in $4 million from Caxton shares
In just six days, the market value of his stake has climbed by $4.06 million, bringing his total holdings to $124.26 million.
South African billionaire Michiel le Roux's Capitec Bank stake rebounds above $2.2 billion
Capitec Bank shares have edged up 1.07 percent since Jan. 1, despite an early dip in January.
South Africa’s second-richest man sees net worth soar to $12 billion
Over the past 17 days, his net worth has risen by $225 million, reaching $12 billion, according to the Bloomberg Billionaires Index.