GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
African Billionaires
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- Hot News
Discovery Health, linked to South African tycoon Adrian Gore, distributes over $32 million via wellness fund
With more than $32 million distributed to more than 485,000 medical aid members, the initiative underscores Discovery’s commitment to enhancing healthcare accessibility.
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Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
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The Ghabbour family’s stake has lost EGP1.02 billion ($21.54 million) in the last 19 days, pushing the market value of their holdings …
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This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.
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Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).
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This surge in wealth cements his position as one of the richest investors on the Casablanca bourse and among Morocco’s most affluent …
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Backed by Africa’s first Black billionaire Patrice Motsepe, Sanlam to acquire stake in Indian insurer
Sanlam’s interest in SGIC is set to rise from 40 percent to 51 percent, and in SLIC from 42 percent to 54 …
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Nigerian entrepreneur Funke Opeke’s MainOne set to elevate connectivity in South-South Nigeria
This strategic move follows MainOne’s recent accomplishment of landing the 45,000-kilometer 2Africa subsea cable system at Qua Iboe Beach in Akwa Ibom.
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Ovia, ranked among Africa’s affluent individuals, has seen an impressive increase in the market value of his stake in Zenith Bank.