The recent slump in his fortune follows the $60-million gain recorded on April 4, when his stake in Capitec Bank soared from …
Mfonobong Nsehe
Mfonobong Nsehe
With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. He is the editor-in-chief of Billionaires.Africa. A former Forbes Magazine contributor covering African wealth and entrepreneurship, Mfonobong conceptualized, initiated, and managed for a decade the Forbes annual ranking of Africa’s richest people. He was also the pioneer managing editor of Ventures Africa and built it into one of the continent’s most influential business news companies.
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Zimbabwean exec Ralph Mupita-led MTN set to invest $102 million to tackle South Africa’s blackouts
Mupita emphasized the critical nature of the situation, describing the power outages as a “crisis” further compounded by vandalism of mobile phone …
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The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian …
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Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
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This surge in wealth cements his position as one of the richest investors on the Casablanca bourse and among Morocco’s most affluent …
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Ovia, ranked among Africa’s affluent individuals, has seen an impressive increase in the market value of his stake in Zenith Bank.
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Landmark Africa boasts a 20-year history and a diverse portfolio exceeding 130,000 square meters of mixed-use space.
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Trustco is primarily owned and managed by the Namibian van Rooyen family, which holds a substantial 63.94-percent ownership stake, or 1,004,000,060 ordinary …
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This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
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The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).