Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
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- West & Central Africa
Ghana’s richest investor Daniel Ofori faces tough time as stake in Societe Generale slumps by $2.4 million
Ofori remains the richest investor on the Ghana Stock Exchange and one of the wealthiest businessmen in the country.
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Diageo expressed profound disappointment in Combs for bringing forth what they deemed a bad faith lawsuit.
- Southern Africa
Naspers, led by South African billionaire Koos Bekker, faces setback as profits slump below $10 billion
The majority of Bekker’s fortune stems from his 0.85-percent stake in Naspers and another 0.72-percent stake in Prosus.
- East Africa
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
- Southern Africa
South African billionaire Michiel Le Roux rakes in $120 million, stake in Capitec surpasses $1-billion mark
This latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
- West & Central Africa
Dangote’s throne as ‘richest Black person’ under threat as American billionaire keeps pace
The wealth gap between Aliko Dangote and Robert F. Smith has significantly decreased, raising the stakes in this high-profile competition.
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Established in 1995 as a DJ outfit by Rabar, Homeboyz has become a prominent player in the entertainment scene in Kenya.
- West & Central Africa
Flutterwave, led by billionaire Gbenga Agboola, inks technology agreement with Bill Gates’ Microsoft
Flutterwave, under Agboola’s visionary leadership, has emerged as a prominent player in the African tech ecosystem.
- Southern Africa
South African billionaires Patrice Motsepe, Johann Rupert score another rugby club takeover
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.