South African mogul Neal Froneman gains $4.7 million in 56 days from Sibanye-Stillwater
Froneman owns a 0.074-percent stake in the leading precious metal mining group.
American-Nigerian tycoon Sam Darwish’s IHS posts $214 million in losses in 9M 2022
Darwish owns 3.5 percent of IHS Holdings.
Ethiopian billionaire Mohammed Al-Amoudi gains $340 million in 51 days
Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.
Egyptian mogul Khaled Mahmoud’s MM Group posts lower earnings in 9M 2023
Mahmoud owns 10.13 percent of the group, worth nearly $15.8 million.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG posts $80 million in profit
Moustafa’s stake in TMG Holdings is worth $311 million.
Egyptian billionaire Mohamed Mansour to boost interest in green projects after Twitter exit
Mansour wants 10 percent of his investments to be green-focused.
South Africa’s richest man Johann Rupert gains $1.4 billion as net worth surpass $10 billion
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
African-American mogul Sheila Johnson’s net worth increases by $30 million
Johnson cofounded BET in 1979 and sold it to Viacom for $3 billion in 2001.
Nigerian mogul Pascal Dozie’s stake in MTN Nigeria now worth $148 million
Dozie still owns a 1.6-percent stake in the telecom service provider.
American billionaire Jay-Z meets Jeff Bezos in LA amid plans to acquire NFL team
Bezos is the world’s fourth-richest billionaire, while Jay-Z is the world’s 2,085th richest man.
French businessmen Jeremy Hodara, Sacha Poignonnec step down as co-CEOs of Jumia
Jumia is Africa’s leading e-commerce platform.
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Egyptian billionaire Nassef Sawiris-linked Fertiglobe posts $1.07 billion in profit in 9M 2022
Fertiglobe is a 58-42 percent joint venture between OCI N.V. and ADNOC.