Moroccan businesswoman Lamia Tazi loses nearly $11 million in 2 months
Tazi is one of the most affluent investors on the Casablanca Stock Exchange.
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Herbert Wigwe splashes $24.6 million to boost stake in Access Holdings
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Nicky Oppenheimer’s net worth surges above $700 million in 2023
The recent increase in Oppenheimer’s net worth builds on his gains in 2022 when his net worth increased by $75 million.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
Kenyan multi-millionaire Mohammed Jaffer launches grain-handling and storage terminal in Nairobi
Jaffer’s company is one of Kenya’s largest largest providers of cargo handling services.
Nigerian billionaire Femi Otedola sells his Transcorp stake to Tony Elumelu
Otedola has sold all his shares in Transcorp to Elumelu, the company’s largest shareholder.
Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
Swazi billionaire Natie Kirsh’s fortune rises by $72.9 million, cementing status as one of Africa’s richest men
Kirsh has seen his net worth drop by $72.9 million since the start of the year.
Former SportPesa chair Paul Ndung’u faces jail time for contempt of court
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.
Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
British-American actor David Oyelowo’s streaming service Mansa scores $8 million in funding
Mansa is a Los Angeles-based streaming platform.
Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.