Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $124 million
With a 43.16-percent stake in TMG, Hisham Talaat Moustafa ranks among the richest investors on the Egyptian Exchange.
South African tycoon Johan Burger suffers $2-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.110-percent ownership stake in FirstRand.
Egyptian mogul Khaled Mahmoud’s MM Group plans to enter Saudi Arabian market
Mahmoud owns a noteworthy 10.13-percent stake in MM Group, presently valued at nearly $15 million.
One of Botswana’s richest men, Ramachandran Ottapathu, loses $2.3 million
As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
Moroccan pharma tycoon Lamia Tazi suffers $3-million loss from Sothema stake
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
Egyptian businessman Hani Berzi loses over $12 million from Edita stake
Despite the recent slump in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Stock Exchange.
7 assets owned by Kenya’s largest landholders, Kenyatta family
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
Tony Elumelu’s wife, Awele, gains nearly $7 million as Transcorp shares soar
This recent surge in Awele Elumelu’s stake further solidifies her position as one of the top investors on the Nigerian Exchange.
Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
10 companies owned by world’s first Black billionaire, Robert L. Johnson
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, making him the first Black billionaire.
South African tycoon Zunaid Moti counters investigation into Zimbabwean lithium mine, cites valuation up to $1.4 billion
Moti, one of South Africa’s most controversial businessmen, is the founder of the Moti Group.
Kenyan banker Suresh Bhagwanji Shah to build $22-million hospital in Nairobi
Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
Firm linked to Africa’s first Black billionaire Patrice Motsepe to build $132-million solar plant
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
5 companies owned by Morgan Freeman
Billionaires.Africa highlights five companies under Morgan Freeman’s ownership, cementing his status as an entertainment and business titan.
Kenya’s second-largest landowners, Moi family protests half-a-million-dollar legal bill
The Moi family, renowned for its significant influence in both business and politics, has emerged as one of Kenya’s wealthiest families.