billionaires.africa news headlines

Kenya's richest banker James Mwangi, the managing director and CEO of Equity Group, has witnessed a significant decline in the market value of his stake in the leading lender in recent times due to a recent drop in its share price on the Nairobi Securities Exchange (NSE). According to B

Indian conglomerate Adani Energy Solutions, led by billionaire Gautam Adani, and Africa50 have committed to a substantial investment of $1.22 billion (Sh158.24 billion). This development, announced by Kenya's National Treasury, shows a step in addressing the country's aging and unreliab

U.S.-Nigerian telecom tycoon Sam Darwish, co-founder of IHS Holdings, has seen the market value of his stake in the company decline by over $6 million in the past three weeks, mirroring a broader decline in the shares of the leading telecom infrastructure firm on the New York Stock Exchange (NYS

Rawbank, a financial services group owned by the Congolese Rawji family, has made its first equity investment in the Africa Finance Corporation (AFC). This comes two years after the DRC Government made a similar investment in the multilateral institution. Rawbank's investment <

Dangote Industries Limited, the diversified manufacturing conglomerate led by Africa's richest man Aliko Dangote, is contemplating selling a 12.5 percent stake in its refinery, according to Fitch Ratings. This potential divestment is driven by the company's current liquidity challenges.

OCI Global, a major producer and distributor of nitrogen and methanol products led by Egyptian billionaire Nassef Sawiris, is set to sell its OCI Clean Ammonia project in Beaumont, Texas, to Australian energy giant Woodside Energy Group for $2.35 billion. The sale is part of OCI Global'

Capital Group, one of the world's leading investment management organizations, has announced a substantial acquisition of a 5.0054 percent stake in Discovery Limited, a Sandton-based financial services group led by South African businessman Adrian Gore. The acquisition, valued at $250.4

South African business magnate Laurie Dippenaar has seen a substantial decline in the market value of his holding in FirstRand, following a notable downturn in the shares of the prominent financial services group on the Johannesburg Stock Exchange (JSE). According to data tracked by Bil

Moroccan real estate magnate Alami Lazraq has seen a notable decline in the market value of his stake in Alliances Developpement Immobilier (ADI), dropping below the $300 million mark following a recent decrease in the company's share price on the Casablanca Bourse. According to data tr