South African tycoon Jens Montanana’s stake in Datatec loses $30 million in eight weeks
Montanana founded Datatec in 1986.
South African billionaire Johann Rupert’s Richemont set to benefit from Middle East’s luxury market
Richemont is a Swiss luxury holding company.
Nigerian multimillionaire banker Herbert Wigwe sees stake in Access slump by $5.7 million
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Egyptian businessman Ahmed El-Sewedy’s firm to build industrial zone in Egypt’s new city
El Sewedy Electric is a multinational cable and electrical equipment manufacturer.
Top holiday destinations for world’s richest individuals include luxurious lodges in Africa
Luxury safaris in Africa are popular among the world’s richest people looking for adventure.
Kenyan billionaire Shah family, other investors purchase Nairobi Business Park
The transaction’s value was not disclosed.
Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Nigeria’s richest men, Dangote, Rabiu invest $1 billion in sugar production
The investments were made as part of the Nigeria Sugar Master Plan.
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Nicky Oppenheimer’s wealth rebounds, pushing year-to-date gains to $125 million
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
South African exec David Hurwitz sells $3 million in shares in Transaction Capital
Hurwitz’s stake in Transaction Capital has decreased to 2,500,965 shares.
Daughters of late Egyptian billionaire transfer $55.8 million in shares to family investment vehicle
The Khamis family owns a controlling interest of 56.58 percent in Oriental Weavers.
TFG, led by South African tycoon Michael Lewis, acquires Street Fever to bolster footwear offerings
Lewis played a pivotal role in the growth and success of TFG.
This 27-year-old Kenyan entrepreneur recently raised $3.7 million in funding for her startup
Jihan Abass is shaking up the East African insurance market.