Billionaires.Africa

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James Mwangi gains $17.6 million as Equity Group shares rise
09/12/2024

James Mwangi gains $17.6 million as Equity Group shares rise

In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.

Sibanye Stillwater sells Beatrix 4 shaft for $28 million to advance Beisa uranium project
09/12/2024

Sibanye Stillwater sells Beatrix 4 shaft for $28 million to advance Beisa uranium project

The sale reflects a shift in the company’s strategy, prioritizing growth in sectors such as battery and precious metals, while monetizing its uranium assets.

Anton Pillay: Business leader at the helm of $37 billion South African asset manager
09/12/2024

Anton Pillay: Business leader at the helm of $37 billion South African asset manager

Anton Pillay leads Coronation Fund Managers, overseeing $38.7 billion in AUM, driving sustainable growth and ethical investment practices.

Chappal Energies completes $1.2 billion Equinor Nigeria acquisition
09/12/2024

Chappal Energies completes $1.2 billion Equinor Nigeria acquisition

The Nigerian federal government approved the divestment on October 21, 2024, enabling Chappal to take control of ENEC through Project Odinmim.

Naira's slide cuts Abdul Samad Rabiu's wealth by $3.6 billion
09/12/2024

Naira's slide cuts Abdul Samad Rabiu's wealth by $3.6 billion

This sharp drop has pushed him from fifth to sixth place on the African rich list.

Adrian Gore makes $147.4 million from stake in South African insurer
07/12/2024

Adrian Gore makes $147.4 million from stake in South African insurer

The value of his holdings has climbed by R2.57 billion ($147.37 million) since the start of the year, reflecting the stock's robust rally.

Karooooo shares boost South African mogul Zak Calisto’s fortune by $398 million
07/12/2024

Karooooo shares boost South African mogul Zak Calisto’s fortune by $398 million

Karooooo shares surge adding millions to South African tech mogul's wealth

Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
07/12/2024

Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector

Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.

Waymo partners with British-Nigerian entrepreneur’s mobility startup for U.S. expansion
06/12/2024

Waymo partners with British-Nigerian entrepreneur’s mobility startup for U.S. expansion

This collaboration marks a pivotal step in Moove’s U.S. market entry and is part of a broader strategy to build the world’s largest fleet.

Glencore, led by South African exec Nagle, targets Jamaican LNG acquisition
06/12/2024

Glencore, led by South African exec Nagle, targets Jamaican LNG acquisition

This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.

Hisham Talaat Moustafa’s TMG stake increases by $321 million, surpasses $1 billion
06/12/2024

Hisham Talaat Moustafa’s TMG stake increases by $321 million, surpasses $1 billion

Hisham Talaat Moustafa’s stake, amounting to 890,566,601 shares, has gained EGP29.46 billion ($321.54 million) in market value since the beginning of the year.

Vista Equity leads $800 million LogicMonitor investment
06/12/2024

Vista Equity leads $800 million LogicMonitor investment

This investment reinforces Vista’s commitment to LogicMonitor’s continued growth and innovation.

Ackerman family sees $50 million gain from Pick n Pay stake
06/12/2024

Ackerman family sees $50 million gain from Pick n Pay stake

Pick n Pay shares on the JSE have delivered a remarkable year-to-date return of 31.46 percent, enriching shareholders with substantial stakes in the company.

Femi Otedola leads Geregu Power to milestone as Nigeria’s most compliant listed company
06/12/2024

Femi Otedola leads Geregu Power to milestone as Nigeria’s most compliant listed company

Geregu Power, led by Femi Otedola, wins "Most Compliant Listed Company of the Year" award at the NGX Made of Africa Awards.

FCMB Group reports $51.4-million profit, driven by strong revenue growth
06/12/2024

FCMB Group reports $51.4-million profit, driven by strong revenue growth

FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.

The 7 biggest donations by Abdul Samad Rabiu: Building a legacy of impact across Nigeria and Africa
06/12/2024

The 7 biggest donations by Abdul Samad Rabiu: Building a legacy of impact across Nigeria and Africa

Nigerian billionaire Abdul Samad Rabiu is making a lasting impact through significant donations that span healthcare, education, security, and more, shaping a brighter future for Nigeria and Africa.

NCB Financial targets $50-billion profits with ambitious cost-cutting plan
06/12/2024

NCB Financial targets $50-billion profits with ambitious cost-cutting plan

NCB Financial Group, led by Michael Lee-Chin, plans to double its profits to $50 billion, focusing on cost reduction and enhancing workforce skills to compete globally.

Orascom Financial Holding reports $2.35-million Q3 loss as asset base declines
06/12/2024

Orascom Financial Holding reports $2.35-million Q3 loss as asset base declines

Orascom Financial Holding’s Q3 2024 financial results show a smaller loss compared to last year, but asset shrinkage and declining profits continue to challenge the company.

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