South African tycoon Paul Hanratty reaps impressive gains as Sanlam’s stake exceeds $15 million
The surge in Hanratty’s stake can be attributed to the remarkable performance of Sanlam’s shares since the start of the year.
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Zimbabwean tycoon Kudakwashe Tagwirei allegedly laundered funds – Sentry Report
In August 2020, Tagwirei was sanctioned by the U.S. for harming the Zimbabwean people through extraordinary corruption.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings posts $8 million in profit in 2023
Abdoola, the managing director and a founding member of Turnstar Holdings, holds the largest individual stake in the company.
South African tycoon Christopher Seabrooke’s Sabvest Capital stake tanks, resulting in $26.9-million loss
Seabrooke holds a significant 40.61-percent stake in Sabvest Capital, making him one of the richest executives in the country.
Moroccan royal family firm to acquire stake in Senegalese food company
Al Mada, the private investment firm of the Moroccan royal family, has set up a new firm called Teralys to acquire a majority stake in Senegal’s Patisen.
5 companies owned by South African billionaire Christo Wiese
These stakes contribute to Wiese’s expanding wealth and reinforce his position as one of Africa’s most influential business figures.
Nigerian multimillionaire Bassim Haidar looks to exit Optasia to focus on cannabis
Haidar is the founder of multinational fintech company Optasia that provides mobile financial services.
10 assets owned by South Africa’s richest woman, Mary Slack
Slack, the granddaughter of Ernest Oppenheimer and elder sister of Nicky Oppenheimer, owns interests in dozens of ompanies.
James Mwangi-led Equity Group initiates loan price increase, a first in Kenya
Under Mwangi, Equity Group has played a key role in the growth and transformation of Kenya’s financial services industry.
South African tycoon Piet Mouton’s stake in Capitec Bank loses more than $180 million in 2023
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.
CEO of Africa’s biggest company sees remuneration slump to $5.9 million in 2023
Bob van Dijk, who has held the position of CEO since 2014, is renowned as one of the highest-paid executives on the continent.
South African tycoon Barry Swartzberg’s stake in Discovery soars, gaining $18 million in 40 days
Swartzberg owns a 3.92-percent stake in the company, solidifying his position among South Africa’s most influential executives.
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
Cameroonian billionaire Samuel Foyou’s brewery suspends staff over poor sales
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Nigerian tech tycoon Leo Stan Ekeh to invest $250 million in renewable energy across Africa
Ekeh emphasized that the investment aims to expand access to competitive and climate-friendly electricity supplies in Nigeria.
Remgro, controlled by Africa’s richest man, increases stake in Heineken
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.