Kenya’s largest landowners, Kenyatta family, to pocket $2.6 million from NCBA
The Kenyatta family owns a 13.2-percent stake in NCBA Group through the estate of their late father, Jomo Kenyatta.
Kenyan entrepreneur Peter Njonjo transfers Galana-Kulalu scheme acres to private firm
In June, Njonjo revealed that development rights for the project would be handed over to Selu Limited.
Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya is down by more than $1 million
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Tony Elumelu’s wealth skyrockets with Transcorp stake closing in on $100 million
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).
U.S.-Nigerian telecom tycoon Sam Darwish suffers $40-million loss
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.
Egyptian billionaire Ghabbour family suffers $10.6-million loss from GB Corp stake
Founded by the late Egyptian auto tycoon Raouf Ghabbour in 1985, GB Corp has emerged as a leading automobile distributor and assembler in the Middle East and North Africa.
South African tech mogul Jens Montanana rakes in $2 million in 24 days
Montanana, who is renowned for his leadership and contributions to the tech industry, founded Datatec in 1986.
Nigerian billionaire Femi Otedola’s Geregu Power gains GCR’s confidence with stable outlook
Under Otedola’s guidance, Geregu Power has become a leading player in Nigeria’s power industry.
Kenyan entrepreneur Peter Njonjo’s Twiga adopts cost-cutting amid funding challenges
Njonjo highlighted the role of technology in this transformation, exemplifying it with an optic sensor installed at the Taveta farm.
Distressed fund founded by South African tycoon Sisa Ngebulana to offload $380 million in assets
Rebosis Property Fund was established by Ngebulana in 2010.
Patrice Motsepe advocates for BRICS partnerships to drive Africa’s growth
Motsepe serves as the inaugural chairperson of the BRICS Business Charter in South Africa.
Zimbabwean businessman John Moxon suffers $148-million loss
According to data tracked by Billionaires.Africa, Moxon’s losses from his stake in Meikles Limited have now surpassed $148 million within 71 days.
South African executive July Ndlovu drives Thungela’s expansion despite declining demand
Ndlovu drives Thungela’s expansion despite declining demand.
Struggling Ugandan tycoon Patrick Bitature ordered to pay South African firm $65 million
According to court documents, Bitature has been directed to personally pay $25.4 million as a result of a breach of contract.
Egyptian tycoon Medhat Khalil’s group posts half-year profits of $11.3 million
Khalil owns a controlling stake of 58.1 percent in Raya Holding, equivalent to a substantial 1,245,661,205 shares.
Ghana’s richest investor Daniel Ofori gains $1.3 million in 53 days
Ofori, the richest investor on the Ghana Stock Exchange, holds a beneficial 6.8-percent stake in Societe Generale Ghana.