Moroccan businessman Anas Sefrioui gains $242.76 million from ADH stake
This surge in wealth cements his position as one of the richest investors on the Casablanca bourse and among Morocco’s most affluent businesspeople.
Nigeria’s richest banker Jim Ovia gains $41 million from Zenith Bank stake
Ovia, ranked among Africa’s affluent individuals, has seen an impressive increase in the market value of his stake in Zenith Bank.
Nigerian tycoon Paul Onwuanibe’s firm addresses Lagos-Calabar road project concerns
Landmark Africa boasts a 20-year history and a diverse portfolio exceeding 130,000 square meters of mixed-use space.
Namibian tycoon Quinton van Rooyen’s Trustco to postpone $61.7-million loan repayment
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 shares.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital falls below $200 million
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
Nigerian banker Peter Ashade-led United Capital rakes in $8.75-million profit in 2023
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).
Kenyan tycoon Suresh Bhagwanji Shah’s I&M targets 100 branches in Kenya by 2026
The group kicked off its Kenyan expansion in mid-January with the inauguration of eight new branches.
Kenyan banker James Mwangi leads Equity’s expansion into general and health insurance
The expansion follows a successful foray into life insurance in 2022 and subsequent approval from the Insurance Regulatory Authority (IRA) in May 2023 to establish a general insurance company.
Britam, owned by Kenya’s richest investors, pours nearly $5 million into fund
This move, aimed at shoring up the unit’s liquidity, brings Britam’s total cash injection into the fund to Ksh6.9 billion ($53.1 million) as of December 2023.
Egypt’s wealthy Khamis family loses nearly $90 million as Egyptian pound tumbles
Despite recent financial headwinds stemming from the Egyptian pound’s devaluation, the Khamis family remains among the country’s most affluent and prominent investors.
Aga Khan IV’s investment surges by $3.6 million as Jubilee Holdings’ shares rise
The recent uptrend in Jubilee shares has boosted the market value of Aga Khan’s stake in the insurer by Ksh481.15 million ($3.63 million) over the past 10 days.
Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria
The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit Card in West Africa.
South African billionaire Ivan Glasenberg’s fortune grows $120 million in a week
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.
Kenya’s wealthy Merali family gains $1.87 million from Sasini Tea stake in 15 days
The multimillionaire Merali family holds a controlling stake of 65.46 percent in Sasini Tea, representing 168,856,800 ordinary shares in the group, presently valued at $25.78 million.
Swazi billionaire Natie Kirsh gains $140 million in two weeks
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
America’s second-richest Black billionaire loses $200 million in 12 days
The fluctuations in his net worth mirror broader trends in the share prices of technology companies.