Egyptian businessman Hani Berzi’s gains $16 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
South African-born billionaire Patrick Soon-Shiong gains $180 million
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Ghana’s richest investor Daniel Ofori loses $1.6 million from GCB Bank stake
Despite the recent decline in the market value of his stake, Ofori remains the richest investor on the Ghana Stock Exchange.
Egyptian billionaire Ahmed Ezz gains $19 million
Ezz, a leading Egyptian industrialist, owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
Nigerian billionaire Mike Adenuga suffers $7.5-million loss as Conoil shares dip
Despite this setback, Adenuga stands as one of the wealthiest billionaires not only in Nigeria but on the African continent.
Zimbabwe’s richest man Strive Masiyiwa’s wealth soars by $600 million in 2023
With a diverse and expanding portfolio, Masiyiwa continues to demonstrate his ability to adapt to changing market dynamics.
Kenyan tycoon Suresh Bhagwanji Shah’s stake in I&M slumps by $1.2 million
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Nigerian businessman Tony Elumelu gains $3 million in 32 days from UBA stake
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
GTCO, led by Nigerian banker Segun Agbaje, posts $370-million half-year profit
Agbaje’s leadership has been pivotal to GTCO’s remarkable success as he continues to guide the group to new heights.
South African tycoon Mxolisi Mgojo suffers $1.4-million loss from Exxaro stake
Despite the recent decline in the market value of his stake, Mgojo remains one of South Africa’s most esteemed executives.
South African multimillionaire Barry Swartzberg loses $11 million in 29 days
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
Kenyan billionaire heiress Mary-Ann Musangi exits Sidian Bank
Mary-Ann Musangi, the daughter of the late billionaire businessman Chris Kirubi, has been a pivotal figure in Sidian Bank’s leadership for eight years.
Egyptian business mogul Hassan Allam’s company to invest in Uzbekistan
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
South African billionaire Stephen Saad’s Aspen partners with Eli Lilly to expand medical access
Aspen Pharmacare, founded by Saad in 1997, has steadily fortified its global presence in the pharmaceutical sector for over two decades.