Herbert Wigwe’s Access Holdings to acquire Standard Chartered’s Sub-Saharan Africa business
Wigwe owns a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares in the lender.
Kenya’s Merali family faces $6 million blow in 2023 from Sasini Tea stake
With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
Lebanese Prime Minister Najib Mikati’s stake in Africa’s largest telecom company is worth $900 million
Mikati, a three-time prime minister of Lebanon, co-founded the Beirut-based investment firm M1 Group in 2007.
Nigerian banker Aigboje Aig-Imoukhuede to donate $5 million to healthcare initiatives
Aig-Imoukhuede is the former CEO of Access Bank.
Burkina Faso’s richest man Mahamadou Bonkoungou launches Airline
Mahamadou Bonkoungou, Burkina Faso’s richest man, is the founder of the EBOMAF Group
Kenyan healthcare tycoon Julius Mwale to expand hospital business to Botswana
Mwale is the founder of Mwale Medical and Technology City and Hamptons Hospital.
Nassef Sawiris’ wealth surges by $600 million, cementing position as Egypt’s richest
The $600-million bump cements his position as one of Africa’s richest billionaires.
South Africa’s richest man Johann Rupert crosses $13-billion net worth milestone
Rupert is the richest man in South Africa and the second-richest billionaire on the African continent.
Jamaican billionaire Michael Lee-Chin lists Cayman mansion for sale at $35 million
If the property is sold at the current asking price, Lee-Chin will pocket a profit of almost $22.5 million.
Led by Peter Ashade, United Capital rakes in $5.3 million in profit in Q1 2023
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Botswana tycoon Gulaam Abdoola’s Turnstar projects record earnings of over $10 million
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Tunisian auto mogul Moncef Mzabi gains $1.85 million from stake auto retailer
Mzabi owns 24.5 percent of Artes.
Sasol, led by Fleetwood Grobler, takes bold steps into energy transition
Grobler has a minority stake in the South African integrated energy and chemicals conglomerate.
Abdul Samad Rabiu donates $11.8 million to 22 Nigerian institutions
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Cape Town-based entrepreneur Rahul Jain’s fintech firm raises $31 million
Peach Payments processes more than $54.6 million per month for its merchant.
Mohamed Al Fayed’s net worth surges by $100 million in 60 days
Al Fayed’s net worth has risen by $100 million since the start of 2023.