FirstRand shares slump costs South African tycoon Laurie Dippenaar $10.3 million
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
Malawian businessman Hitesh Anadkat gains nearly $16 million from FMB Capital
This recent bump in his fortune comes after his stake in FMB Capital Holdings declined by $6 million between Feb. 1 and March 9.
Ethiopia’s richest man Mohammed Al-Amoudi’s Preem posts $12.6-billion revenue in 2023
Al-Amoudi derives a significant portion of his wealth from his stake in Preem, which surged from $3.74 billion on Jan. 1 to $3.88 billion recently.
Nigerian billionaire Abdul Samad Rabiu to receive $79.4 million from food business
The $79.4-million dividend which will be paid electronically into the bank accounts of Abdul Samad Rabiu and his son from the group’s 2023 earnings of $210.48 million, is part of a proposed cash distribution by the board of directors.
South African tech mogul Zak Calisto gains $55.6 million from Karooooo shares in just 9 days
This surge highlights Calisto’s influence in South Africa’s tech sector, underscoring his role in shaping Karooooo’s path forward as a top provider of intelligent transportation solutions.
South African tycoon Barry Swartzberg’s stake in Discovery declines by $10.7 million
Despite the recent setback in Swartzberg’s stake, he retains his position as one of South Africa’s wealthiest businessmen and one of the most successful investors on the JSE.
Egyptian tycoon Medhat Khalil’s Raya tops $650 million in 2023 revenue
The company’s recently released financial statements reveal a significant revenue increase of 53.31 percent, from $429.22 million in 2022 to $650 million in 2023.
South African tycoon Jonathan Jawno’s Transaction Capital debuts WeBuyCars on JSE
The move is seen as a strategic maneuver to unlock shareholder value and expand WeBuyCars’ brand presence in the competitive used-car market.
Nigerian banker Segun Agbaje’s GTCO to distribute $63.8 million in dividends to shareholders
With Segun Agbaje at the helm, GTCO continues to chart a path of sustained growth and profitability in the Nigerian financial landscape.
Standard Bank, led by South African banker Sim Tshabalala, seeks banking license in Egypt
Standard Bank’s push into Egypt, a nation of more than 100 million people, follows its strong 2023 financial performance, with headline earnings surging to $2.3 billion.
South Africa’s Ackerman family gains $18.5 million from Pick ‘n Pay stake
This surge solidifies the Ackerman family’s position as one of the wealthiest investors on the JSE.
El-Sewedy family’s investment in electrical equipment group rebounds above $1 billion
The family’s wealth had taken a hit between March 14 and 28, with the market value of their stake tumbling EGP5.36 billion ($324.08 million).
Discovery Health, linked to South African tycoon Adrian Gore, distributes over $32 million via wellness fund
With more than $32 million distributed to more than 485,000 medical aid members, the initiative underscores Discovery’s commitment to enhancing healthcare accessibility.
Egyptian metals magnate Ahmed Ezz’s steel company cuts rebar prices again
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).
Zimbabwe’s richest man Strive Masiyiwa’s company set to trade in new currency
Masiyiwa is Zimbabwe’s wealthiest businessman and a prominent figure among the world’s Black billionaires with an estimated net worth of $1.8 billion.
Bank linked to Nigerian tycoon Atedo Peterside posts $108.9-million profit in 2023
Founded in 1989 as an investment bank, Stanbic IBTC had Atedo N.A. Peterside as its first CEO.