South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
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South Africa's richest man Johann Rupert-linked Grindrod to acquire stake in Mozambican terminal for $79.6 million
This acquisition, valued at $79.6 million (R1.4 billion), is set to solidify Grindrod's foothold in this pivotal logistics hub.
Eswatini’s richest man Natie Kirsh gains $1.66 billion in 2024
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.
South African billionaire Johann Rupert’s Richemont seals acquisition of Italian jewelry brand
The move expands Richemont’s “Jewellery Maisons” division, which includes brands like Cartier and Van Cleef & Arpels.
South African billionaire Nicky Oppenheimer’s wealth surges by $1.43 billion in 2024
Oppenheimer’s net worth has risen from $9.85 billion at the start of the year to $11.3 billion, solidifying his place among the world’s wealthiest individuals.
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Kenyan telecom tycoon Peter Ndegwa launches new Safaricom airtime plan to lift revenue
Ndegwa launches Safaricom's Sh1 airtime purchase option via M-Pesa, aiming to attract low-budget consumers and drive revenue growth.
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion, providing African businesses with secure access to international financial services.
Jumia Nigeria CEO Sunil Natraj leads rural e-commerce expansion to boost market reach
Jumia Nigeria CEO Sunil Natraj drives the rural e-commerce expansion targeting underserved areas in Nigeria.
African-American billionaire Alex Karp's Palantir partners with Nebraska Medicine in multimillion-dollar healthcare deal
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.