Wealthy Kenyatta family gains $16.5 million as NCBA shares soar on NSE
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Egyptian real estate tycoon Hany El Assal’s Misr Italia plans $77 million investment in Cairo
Misr Italia Properties has been involved in 25 large-scale projects since its founding.
Egyptian tycoon Hend El-Sherbini’s IDH posts lower profits amid slowdown in COVID-19-related business
El-Sherbini controls a significant 26.1-percent stake in Integrated Diagnostics Holdings.
Aliko Dangote drops out of list of top 80 billionaires as net worth slumps
The decline in his net worth can be attributed to the fall in the share price of Dangote Cement.
Egyptian tycoon Ahmed El Sewedy’s electric firm signs contracts worth $113 million to execute Toshka Project
El Sewedy Electric is a multinational manufacturer of cables and electrical equipment.
South African mogul Adrian Gore’s Discovery posts more than $310 million in profit in 2022
Gore’s stake in Discovery is presently valued at $320 million.
Led by Karl Toriola, MTN Nigeria plans to raise $54 million from capital market investors
Toriola has been at the helm of MTN Nigeria since 2020.
Egyptian real estate mogul Hisham Talaat Moustafa loses $8 million from TMG stake in one month
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.
Kenyan Ndegwa family acquires additional $2.46-million stake in Nairobi-based lender, NCBA
The Ndegwa family’s 13.13-percent stake in NCBA Group is worth $54 million.
South African pharma billionaire Stephen Saad’s Aspen signs vaccines deal with India’s Serum Institute
Saad owns a 12.5-percent stake in Aspen worth $566 million.
Robert Smith, America’s richest Black person, sees net worth rise by $2.95 billion in 2022
The performance of his stake in Vista Equity Partners can be thanked for the billion-dollar increase in his net worth.
South African tech tycoon Jens Montanana loses over $9 million in 10 days from stake in Datatec
Montanana founded Datatec more than 35 years ago.
Egyptian tycoon Ahmed El Sewedy’s electric company completes bus charging units in Cairo
El Sewedy Electric is a multinational cable and electrical equipment manufacturer.
Zimbabwean billionaire Strive Masiyiwa’s net worth slumps by $3.1 billion in nearly four months
Masiyiwa’s fortune is made up of his 52.85-percent stake in Econet Zimbabwe and 30-percent stake in EcoCash Holding.
Kenyan tycoon Narendra Raval’s Devki Steel Mills applies for electricity supply license in Kenya
Raval was reported to have a net worth of $400 million in 2015.
Zambian gov’t invites Africa’s richest man Aliko Dangote to invest in agriculture
Zambian Commerce and Industry Minister Chipoka Mulenga made the declaration over the weekend.