The $300-million wealth gains cement his position as one of Egypt's wealthiest businesspeople.
Egypt's seven billionaires account for $17.83 billion of Egypt's $307 billion in private wealth.
Elumelu owns a sizable 6.39-percent stake in the company.
As of press time, Mwangi's stake in the Kenyan financial services group is valued at $52.81 million.
The plants will be located in the Suez Canal Economic Zone and along the Mediterranean coast.
Kandil stated that with the acquisition of Volt Lines, Swvl will be positioned to deepen its presence in Europe.
Alabi and John Obirije founded the Lagos-based fintech startup Afriex in 2019. It is now valued at $60 million.
GatesAir has announced that Thomson Broadcast has inked a definitive agreement to acquire them.
Froneman received a whopping $18.9 million in 2021.
The tycoon's appeal was intended to assist the country in becoming a major food exporter.
