billionaires.africa news headlines

South African billionaire Christo Wiese has witnessed a significant surge in his wealth, with his stake in Shoprite Holdings, Africa's largest retailer, increasing by $107 million thanks to the recent rally in the retailer's share price on the Johannesburg Stock Exchange (JSE). Accordin

Raya Holding, a Cairo-based conglomerate and key player in the Egyptian investment landscape led by tycoon Medhat Khalil, reported a significant profit surge for the first half of 2024, exceeding expectations despite challenging operating conditions. According to figures contained in its int

South African businessman Barry Swartzberg has seen the market value of his holdings in Discovery Limited surge by nearly $15 million, driven by a sharp rise in the company's shares on the Johannesburg Stock Exchange (JSE) . According to data gathered by Billionaires.Africa , Barry Swar

South African businessman Giovanni Ravazzotti has seen a significant boost in his wealth, driven by his stake in Italtile, a leading global retailer of high-quality ceramic and porcelain tiles. According to data from Billionaires.Africa , Ravazzotti's stake in Italtile has gained R331.3

Vodacom, a Johannesburg-based telecommunications giant, led by South African executive Shameel Joosub, is investing over R800 million ($40 million) to bolster its network infrastructure in KwaZulu-Natal. The investment, aimed at enhancing connectivity and bridging the digital divide, wi

Fawry for Banking Technology and Electronic Payments, a leading Egyptian fintech company led by Ashraf Sabry, reported robust financial results for the first half of 2024 , with net profit more than doubling to $14 million. This substantial increase reflects the company's successful execution of

Zenith Bank Plc, a leading financial services group led by Nigeria's richest banker Jim Ovia is issuing 8 billion new shares to raise N290 billion ($182,389). The bank is offering 5.23 billion shares at N36 each to existing shareholders. These shares are available through a rights issue

United Capital Group , led by Nigerian banker Peter Ashade, has successfully issued Sierra Leone's first local currency corporate bond, valued at SLE32 million ($1.4 million). This shows an achievement in the country's financial sector and United Capital's expanding influence across Afr

PalmPay , an Africa-focused fintech platform led by Nigerian executive Chika Nwosu, has emphasized the need for greater collaboration and innovation between banks and fintech companies to advance financial inclusion in Nigeria. This call was made by the Head of Partnerships at PalmPay,