South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.
Startup led by Nigerian entrepreneur Adebowale Banjo raises $1.25 million in pre-seed funding
Since its inception, MyCover.ai, under Banjo’s leadership, has established itself as a trailblazer in innovative insurance solutions.
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.
5 companies owned by Africa’s fifth-richest billionaire Abdul Samad Rabiu
Boasting a net worth of $5.6 billion, Rabiu now ranks as the fifth-richest man in Africa.
America’s second-richest Black man David Steward’s wealth soars above $6 billion
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
Nigerian tycoon Wole Oshin loses $1.2 million in one week from stake in Custodian Investment
As the company’s largest shareholder, Oshin holds a 26.81-percent stake in Custodian Investment.
5 companies owned by Eswatini’s richest man, Natie Kirsh
Kirsh’s wealth is derived from a diverse investment portfolio spanning the retail and real estate sectors.
Africa’s richest man Johann Rupert loses $800-million fortune as Richemont shares slump
The substantial $800-million loss in Rupert’s wealth can be directly attributed to the recent decrease in the market value of his 9.14-percent stake in Richemont.
Egyptian tycoon Hisham Talaat Moustafa’s TMG inks deal with Savills for ‘The Strip’ project in Madinaty
With a 43.16-percent ownership stake in TMG Holding, Moustafa is widely recognized as one of the wealthiest investors on the Egyptian Exchange.
Paddy Zhanda emerges as Zimbabwe’s newest multimillionaire as stake in Masimba holdings surpasses $55 million
This significant increase has solidified Zhanda’s position as Zimbabwe’s latest multimillionaire businessman.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Kenyan multimillionaire Baloobhai Patel boosts stake in Williamson Tea
Patel is one of the largest investors on the Nairobi Stock Exchange with a portfolio that has a current value exceeding $24 million.
5 assets owned by South African billionaire Douw Steyn
In 2023, the Sunday Times Rich List pegged Steyn’s fortune at $3 billion, thanks to a portfolio of luxury hotels and insurance companies.
7 assets owned by South Africa’s second-richest man, Nicky Oppenheimer
As South Africa’s second-richest man, Oppenheimer continues to play a pivotal role in the country’s economic landscape.
Zimbabwean tycoon Simon Rudland’s gold refinery suspended over alleged money laundering
Rudland is a famous Zimbabwean tycoon with interests in tobacco, logistics, financial services, and agriculture.
Nigerian energy tycoon Tope Shonubi invests $142 million in two LPG vessels
Shonubi is a co-founder and CEO of Sahara Group, a conglomerate with oil production, electricity generation, and oil trading operations.