South African tycoon Andre du Plessis’ Capitec Bank stake tops $110 million
The surge in Capitec Bank’s share price has propelled the market value of du Plessis’ stake up by $15.53 million over the past 27 days.
Hot News
Tunisian tycoon Moncef Sellami loses $3.5 million from OneTech stake
Despite this setback, Sellami remains one of the wealthiest investors on the local stock exchange and maintains a prominent position among the wealthiest individuals in the country.
Nigerian businessman Tony Elumelu calls for investment in African healthcare innovation
Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
Egyptian tycoon Ashraf Sabry’s Fawry posts Q1 2024 revenue surpassing $20 million
Fawry’s impressive Q1 performance fueled investor confidence. During trading on the Egyptian Exchange on Tuesday, shares surged 3.99 percent to close at EGP6 ($0.128).
MTN’s service revenue dips by $539 million under Zimbabwean executive Ralph Mupita
Mupita attributed the decline to a challenging macroeconomic environment exacerbated by global geopolitical tensions.
Egyptian billionaire Hisham Talaat Moustafa’s group breaks ground on $8.4-billion project in Saudi Arabia
The development project builds on TMG’s successful track record in Africa and the Middle East.
South African tycoon Adrian Gore’s Discovery stake slumps by $14 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
South Africa’s second-richest man Nicky Oppenheimer gains $400 million in 10 days
Oppenheimer climbs to 224th spot on the global rich list, remains South Africa’s second-richest man.
Vodacom, led by South African executive Shameel Joosub, reports $8.2 billion in revenue
Maintaining its leadership in South Africa and across the continent, Vodacom reported strong growth in key segments, with financial services emerging as a major driver.
Egyptian businessman Medhat Khalil loses $3 million from Raya Holdings stake in just 11 days
Despite these short-term fluctuations, Khalil remains a key figure in the Egyptian Exchange and is recognized among the country’s wealthiest individuals.
Equity Group led by Kenyan banker James Mwangi reports $122.2-million profit in Q1 2024
Equity Group’s total assets rose to Ksh1.69 trillion ($12.91 billion) by the end of the quarter, a 10.46-percent rise from Ksh1.53 trillion ($11.69 billion) a year ago
Egyptian billionaire Ghabbour family faces $13.1-million setback in recent weeks
The Ghabbour family maintains control of GB Corp, with family members holding executive positions on the group’s board.
Africa’s richest man Aliko Dangote donates 10,000 rice bags to needy in Anambra
The move adds to the foundation’s recent efforts to alleviate economic hardships and address critical social issues in Nigeria.
Egyptian tycoon Hani Berzi loses $6 million from Edita stake
Despite the recent decline in the market value of his stake, Berzi remains a prominent investor on the Egyptian Stock Exchange.
Bank owned by one of Malawi’s richest men, Thom Mpinganjira, to pay $4.1-million dividend
The record dividend payout underscores its unwavering dedication to shareholder value and its position as one of the leading groups in Malawi’s financial services industry.
Nigerian oil magnate Emeka Offor makes new donation following $30-million book distribution
The donation adds to Offor’s extensive philanthropic record.