South African tycoon John Copelyn gains $41.8 million from stake in HCI
Copelyn owns a 6.49-percent stake in the Cape Town-based investment holding company.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group eyes lithium mining
BUA Group is a leading food, infrastructure, mining and manufacturing conglomerate.
Nigerian tech tycoon Mitchell Elegbe’s Interswitch secures $110 million in joint investment
Interswitch is Nigeria’s first e-payment service.
Nigerian billionaire Aliko Dangote becomes world’s 61st richest man
Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
Cosmetics billionaire Rihanna to launch skincare brand Fenty Beauty into Africa
Rihanna is the 1,729th richest person in the world.
South African billionaire Patrice Motsepe-linked Sanlam finalizes UK divestment
The divestment is consistent with the group’s strategy to simplify its UK operations.
Egyptian mogul Ahmed Ezz gains $35.3 million in 19 days from stake in steelmaker
Ezz is one of the wealthiest men in Egypt.
South African businessman Justin Coetzee’s GoMetro raises $1 million in seed extension round
GoMetro was founded in 2012 as South Africa’s first real-time public transportation information system.
South African mogul Jens Montanana’s Datatec acquires Northern Sky Research
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
Egyptian billionaire Nassef Sawiris loses $270 million in April
The loss is directly linked to the performance of the German sportswear behemoth Adidas.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports $8.3 million in profits in 2022
Abdoola is the company’s largest individual owner, with a 14-percent stake.
Egyptian businessman Safwan Thabet’s Juhayna posts $28.5 million in profit in 2021
Thabet owns a majority stake in the company, worth $194.7 million.
Africa’s richest man Aliko Dangote becomes world’s 70th richest person as net worth surpasses $20.4 billion
Dangote began the year as the 97th richest man in the world.
South African mogul Zak Calisto’s Karooooo to pay shareholders $17.7 million in dividends
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
London-based Egyptian billionaire Mohamed Al Fayed has gained over $300 million so far in 2022
The $300-million wealth gains cement his position as one of Egypt’s wealthiest businesspeople.