South African billionaire Ivan Glasenberg’s net worth jumps $640 million
The recent surge in Glasenberg’s fortune translates to an average daily gain of $37.6 million since May 1.
Black executive Kenneth Frazier gains $4 million from Merck stake in 29 days
Frazier, who ranks as one of America’s top Black executives, holds a minority stake of 0.028-percent stake in Merck & Co. with a present value of $92.30 million.
Top Black CEO Marvin Ellison gains $1.2 million from Lowe’s shares in 15 days
This recent upswing comes on the heels of a previous downturn in Ellison’s wealth between April 1 and 19, during which his stake in Lowe’s decreased by $4.61 million.
Discovery stake dips, South African tycoon Barry Swartzberg sees $7.9-million loss
Despite this setback, Swartzberg remains one of South Africa’s wealthiest businessmen and a leading investor on the JSE.
Bank linked to Ghanaian serial investor Daniel Ofori halts $42.9-million rights issue
The suspension follows the filing of an injunction by minority shareholders, specifically targeting the allotment of shares. Court hearings are scheduled to commence this week.
Arrie Rautenbach-led Absa inks deal to boost East Africa’s coffee trade with $60 million facility
The facility aims to bolster Volcafe’s operations in East Africa, consequently supporting tens of thousands of coffee farmers in the region.
South African tycoon Andre du Plessis’ Capitec Bank stake tops $110 million
The surge in Capitec Bank’s share price has propelled the market value of du Plessis’ stake up by $15.53 million over the past 27 days.
South African tycoon Adrian Gore’s Discovery stake slumps by $14 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
Egyptian businessman Medhat Khalil loses $3 million from Raya Holdings stake in just 11 days
Despite these short-term fluctuations, Khalil remains a key figure in the Egyptian Exchange and is recognized among the country’s wealthiest individuals.
South African tycoon Gerrie Fourie gains $7.6 million from Capitec Bank shares
As Capitec Bank’s CEO, Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Egypt’s billionaire El-Sewedy family gains nearly $120 million in 10 days
The family’s joint stake in Elsewedy Electric has risen from EGP45.9 billion ($968.4 billion) on April 30 to EGP51.49 billion ($1.09 billion).
South African banker Alan Pullinger’s FirstRand stake hits $20 million
Pullinger’s newfound wealth cements his status as one of South Africa’s most affluent executives.
Burkinabe tycoon Idrissa Nassa’s Coris Bank eyes Societe Generale Guinee in pan-African push
Nassa’s Coris Bank International has emerged as a potential buyer for Societe Generale Guinee, the Guinean unit of French multinational Societe Generale.
South Africa’s richest man Johann Rupert’s wealth jumps $500 million in 6 days
The surge in Rupert’s wealth, an average gain of $83.3 million per day since May 2, is attributed to the performance of his 9.14-percent stake in Richemont.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank extends deal with Matercard
The collaboration, which has been instrumental in driving Kenya’s digital payments landscape, will provide enhanced value propositions for cardholders across the country.
Ghana’s richest investor Daniel Ofori gains $1.19 million from GCB Bank stake
The surge in Ofori’s GCB Bank stake strengthens his position as the leading investor on the Ghana Stock Exchange (GSE).