South African businessman Barry Swartzberg loses $8.7 million in Discovery stake
Despite these substantial losses, Swartzberg continues to hold his ground as one of South Africa’s prominent businessmen.
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Late Nigerian banker Herbert Wigwe led Access Holdings to $451-million profit in 2023
While Wigwe’s leadership is sorely missed, his impact remains evident in the group’s record-breaking 2023 profits.
South African billionaire Koos Bekker gains $36.7 million from Naspers stake
This further cements Bekker’s position as a leading South African business figure and a top investor on the Johannesburg Stock Exchange (JSE).
Equity Group led by Kenyan banker James Mwangi to reward shareholders with $114.4-million dividend
With Mwangi at the helm, the conglomerate remains on course for sustainable expansion and prosperity within the African financial sector.
South African billionaire Christo Wiese’s stake in Shoprite falls below $900 million
After a brief rise in February-March, his stake in Shoprite has declined by more than $60 million, dipping below $900 million.
South Africa’s richest man loses $1.1 billion in just 15 days
The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to the market value of his 9.14-percent stake in Richemont.
Nigerian billionaire Femi Otedola sees net worth jump to $1.7 billion
This surge is attributed to the strong performance of his diverse investment portfolio and a recent strengthening of the Nigerian naira against the U.S. dollar.
Egypt’s El-Sewedy family loses billionaire status as Elsewedy Electric shares tumble
Their 68.1-percent stake in Elsewedy Electric, once valued at $1.29 billion on March 14, has declined to $970.05 million at the time of drafting this report.
Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria
The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit Card in West Africa.
South African billionaire Ivan Glasenberg’s fortune grows $120 million in a week
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.
Africa’s richest man Aliko Dangote donates $11 million to fight hunger in Nigeria
His latest $11.02-million food intervention program underscores his unwavering commitment to improving lives and tackling social challenges in Nigeria.
Swazi billionaire Natie Kirsh gains $140 million in two weeks
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
Led by UK-based entrepreneur, Telecel acquires stake in MTN Guinea, Guinea-Bissau units
Telecel’s acquisition of stakes in MTN Guinea-Bissau and MTN Guinea-Conakry is expected to drive growth and further development in these regions.
MTN led by Zimbabwean exec Ralph Mupita to invest $1.8 billion in data, fintech services in 2024
Under Mupita’s leadership, MTN Group has achieved significant milestones, serving over 289 million customers across 22 countries.
Kenyan tycoon Suresh Bhagwanji Shah gains nearly $7 million from I&M stake
Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
South African tycoon Laurie Dippenaar loses $17.2 million in FirstRand shares
Despite the notable decline in his stake’s value, Dippenaar remains a top investor on the JSE and one of the most affluent business leaders on the African continent.