South African media mogul Terrence Moolman boosts fortune by $5.61 million
As Caxton’s CEO and co-founder, Moolman holds a 51.84-percent stake in the company, equivalent to 186,262,725 shares.
Latest News
Nigeria to end petrol imports by June, says Africa’s richest man Aliko Dangote
Dangote said Nigeria could halt premium motor spirit (PMS), or petrol, imports by next month thanks to the Dangote Oil Refinery.
Zimbabwean tycoon Zed Koudounaris’ Innscor opens $30 million Bakers Inn unit
The $30-million Bakers Inn unit boasts cutting-edge technology capable of producing roughly 160,000 loaves daily, marking a leap in domestic bread production capacity.
One of America’s richest Black CEOs, Craig Arnold gains $5 million from Eaton stake
Arnold’s stake in Eaton Corporation has experienced a $5.04-million boost in the market value, thanks to the recent rise in the company’s stock price.
South African billionaire Christo Wiese’s Shoprite stake nears $1 billion again
South African billionaire Christo Wiese has seen the value of his stake in Shoprite Holdings, Africa’s largest grocer, surge over the past…
South African-born billionaire Patrick Soon-Shiong makes $1.8 billion in just 26 days
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
Greek multimillionaire businessman makes $13.3 million from Nigerian food group
The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian Exchange.
Companies linked to Africa’s first Black billionaire donate $1.2 million to South African parties
Recent disclosures reveal that companies linked to Motsepe donated heavily across the political spectrum in the first quarter of 2024.
South African billionaire Ivan Glasenberg’s net worth jumps $640 million
The recent surge in Glasenberg’s fortune translates to an average daily gain of $37.6 million since May 1.
South African billionaire Christo Wiese-linked Shoprite expands on-demand delivery service
Shoprite Holdings, Africa’s largest supermarket chain with over 3,543 stores, counts billionaire Christo Wiese as a major shareholder. His 11.63-percent stake is valued at nearly $1 billion.
Africa’s richest man Aliko Dangote’s refinery prepares for exports, targets Brazil and other African countries
Speaking at the Africa CEO Forum in Kigali, Rwanda, Dangote detailed the refinery’s ability to produce a wide range of refined products, including gasoline, diesel, and aviation fuel.
South African tycoon Laurie Dippenaar gains $22.2 million in FirstRand surge
This significant gain further cements his position as one of South Africa’s wealthiest businessmen.
Led by South African executive Gary Nagle, Glencore sells Volcan stake for $20 million
Glencore’s exit from Volcan serves as a cautionary tale for investors in the mining sector.
South Africa’s richest man Johann Rupert’s Richemont sales hit $22.4 billion
Richemont’s impressive sales results ignited a surge in its share price, jumping 5.9 percent from CHF137.25 ($150.913) on May 16 to CHF145.35 ($159.815) at the time of writing.
Nigeria’s richest banker loses $5.7 million from Zenith Bank in just four days
Ovia maintains his position as Nigeria’s richest banker, highlighting his lasting success as a prominent business leader in the country.
Kenyan tycoon Gideon Muriuki’s Co-op Bank eyes expansion after robust Q1 2024 performance
The bank aims to open 15 new branches this year, reaching 210 outlets. Recent openings include Imaara Mall on Mombasa Road and Ugunja in Siaya.