South African billionaire Stephen Saad rakes in nearly $190 million
Saad, who founded Aspen Pharmacare Holdings in 1997, owns a 12.5-percent stake in the branded pharmaceutical company.
Burkinabe multimillionaire Simon Tiemtore leads acquisition of Orabank
Tiemtore is the founder of Lilium Capital, a private equity firm that is owns Vista Group, which is acquiring Ora Group.
Nigerian banker Herbert Wigwe’s Access Holdings pours $7 million into Kenyan unit
Earlier this year, under Wigwe’s leadership, Access Holdings pledged a substantial $300-million capital investment to its flagship subsidiary.
Britam, partly owned by Kenyan magnates, taps Airtel to expand insurance reach
Leading Kenyan billionaires such as Mbaru, Munga, and Mwangi hold significant stakes within the conglomerate.
Egyptian fintech founder Ashraf Sabry gains $1.3 million from Fawry stake
Sabry, who launched the payment platform in 2008 and pioneered electronic bill payments in Egypt, controls 2.345 percent of Fawry.
Safwan Thabet joins high-value EGX investors with stakes surpassing $200 million
Thabet, a leading Egyptian businessman who founded Juhayna over three decades ago, owns a majority 50.07-percent stake in the company.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
Firm owned by Kenya’s Merali family to settle debts with $6.3-million land sale proceeds
The Merali family, overseeing the estate of the late tycoon Naushad Merali, commands a 74-percent stake in Sameer Africa.
Egyptian billionaire Naguib Sawiris’ net worth soars past $6 billion
This year-to-date surge marks a positive turn for Sawiris, considering his had fallen below $5 billion in the latter part of last year.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm surges by $100 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1-percent stake in the Moroccan property developer.
South African businessman Adrian Gore bags $81.6 million from Discovery stake
Gore owns a 7.38-percent stake in Discovery, or 48,599,758 ordinary shares.
Nigerian insurance tycoon Wole Oshin gains $3 million from Custodian stake
Oshin holds a 26.81-percent stake in Custodian Investment, or 1,576,662,503 ordinary shares.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.1 million in 19 days
This $1.13-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
Gus Attridge gains $55 million from investment in Aspen
Attridge, Aspen’s group chief advisor who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharma company.
Billionaire banker James Mwangi appointed as Kenya’s virtual university chancellor
Under Mwangi, Equity Group achieved record-breaking profits of $350 million at the end of the 2022 fiscal year.
South African tycoon Piet Mouton rakes in $84.1 million as Capitec Bank stake surpasses $640 million
Mouton presently owns 5.78 percent of Capitec Bank, or 6,685,622 shares.