South African tycoon Johan Burger gains $2.6-million from stake in FirstRand
Burger, who has been a director at FirstRand since 2009, owns a beneficial 0.11-percent stake in the leading financial services group.
IBM finalizes $4.6-billion acquisition of firm linked to America’s richest Black billionaire
Under Smith, America’s richest Black billionaire, Vista Equity Partners has surpassed $100 billion in assets under management.
Moroccan pharma tycoon Lamia Tazi suffers $9-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Oriental Weavers, controlled by wealthy Khamis family of Egypt, records $137.7 million in H1 revenue
Egyptian businesswoman Yasmine Mohamed Khamis and her siblings own a controlling interest of 56.58 percent of the leading carpet manufacturer.
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
10 top investments of Flutterwave billionaire Olugbenga Agboola
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
7 companies owned by Ugandan multimillionaire Ham Kiggundu
Kiggundu presides over the Ham Group which owns landmark shopping centers, office buildings, and hotels.
Segun Agbaje, one of Nigeria’s richest bankers, holds $1.3-million stake in PepsiCo
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Nigerian venture capitalist Olumide Soyombo set to release memoir
Soyombo, one of Nigeria’s most prominent venture capitalists, wrote early checks for Paystack and Piggyvest.
One of Burkina Faso’s richest men, Inoussa Kanazoe donates to Youth Center
Kanazoe ranks among the wealthiest individuals in Burkina Faso and is the owner of cement manufacturer CimFaso.
Nigerian billionaire Orji Uzor Kalu to head Senate Committee on Privatization
Kalu is the founder of Slok Holding, a West African conglomerate with tentacles in shipping, banking, manufacturing and media.
Alan Pullinger, CEO of Africa’s most valuable bank, gains $1.69 million in 17 days
Pullinger owns a minority stake of 0.1 percent in FirstRand, or 5,634,679 ordinary shares in the leading lender.
7 companies founded by South African billionaire Rob Hersov
Hersov is a heir of the founding family of Anglovaal, a mining and industrial giant that was sold off in the late 1990s.
KRA pursues $12.5-million tax claim against Kenya’s Mukuha family
The KRA’s demand is linked to a 31.5-percent stake sale in Naivas International in 2020 by members of the Mukuha family.
5 South African tech tycoons you should know
South Africa’s tech ecosystem has witnessed a paradigm shift thanks to a league of pioneering tech entrepreneurs and visionaries