South African billionaire Laurie Dippenaar gains $16.8 million from FirstRand shares
Dippenaar owns 1.76 percent of FirstRand, or 98,726,988 shares.
Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup
Qene Games is a game development studio.
Morocco’s second-richest man Othman Benjelloun gains $100 million
Benjelloun derives most of his wealth from his investment in BMCE Group.
Christo Wiese-linked retailer Steinhoff plummets by over $38 million as shares hit record low
Wiese is a South African billionaire and retail tycoon.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches 1.8 MW solar power plant
AXIAN Group is now recognized as Madagascar’s top energy producer.
South African businesswoman Noluthando Gosa suffers $4.2-million loss in 31 days
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Kenyan sugar mogul Jaswant Rai takes on Kakuzi’s dominance with entry into avocado farming
Rai ranks as one of Kenya’s richest businessmen.
Nigerian energy mogul Abdulwasiu Sowami’s Ardova to delist from NGX
Sowami owns 74.1 percent of the oil marketing firm’s issued shares.
Antoine Delaporte’s Adenia Partners looks to acquire Kenyan restaurant chain, Java House
Adenia Partners is an African-focused private equity firm.
Tunisian tycoon Abdelwaheb Ben Ayed has now lost $1.64 million since start of 2023
Ben Ayed owns a beneficial 3.4-percent stake in Poulina Group.
Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
South African exec Mike Teke’s Seriti Resources to begin 155-MW wind farm construction
Seriti Resources Holdings is a leading coal company.
Here are Africa’s 19 billionaires according to Forbes’ latest billionaires list
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
Tanzania’s leading entrepreneur Mo Dewji soars to top of Africa’s billionaires list
Dewji’s entrepreneurial journey began at a young age, and he has since built MeTL Group into a multi-billion-dollar empire.
Nigerian billionaire Mike Adenuga’s Conoil posts $13.5 million in profit in 2022
Conoil is a petroleum marketing firm.
Mining mogul Quinton van der Burgh’s QGC teams up with Marula to mine future metals
Van der Burgh is a wealthy South African mining magnate and serial entrepreneur.