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Patrice Motsepe

Patrice Motsepe’s Holding Company To Acquire Controlling Stake In Alexander Forbes

South African billionaire Patrice Motsepe is about to become the new majority shareholder at Alexander Forbes, with plans to buy over R1bn of the pension fund administrator’s shares. The billionaire’s investment holding company, African Rainbow Capital (ARC), will increase its shareholding in Alexander Forbes to 33.9% after Mercer Africa pulls out, the firm said in …

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Isabel dos Santos

Angolan Billionaire Isabel dos Santos Might Run For President In 2022

Angolan billionaire Isabel dos Santos, daughter of Angola’s ex-president, has said she would consider running for president in the next election in 2022. Dos Santos has been targeted in an anti-graft campaign led by her father’s successor President Joao Lourenco, who has vowed to fight corruption and rebuild the economy of sub-Saharan Africa’s second-biggest oil …

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Isabel dos Santos

Angolan Billionaire Isabel dos Santos Under Investigation By Portuguese Authorities

Angolan billionaire Isabel dos Santos is under investigation by Portuguese authorities, according to a report by France24. The authorities are investigating embezzlement claims against Isabel dos Santos. The investigation comes after judicial authorities confirmed receipt of a complaint from Ana Gomes, a former Socialist lawmaker in the European parliament against Dos Santos. Financial daily Jornal …

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Abdulsamad Rabiu

Nigerian Billionaire Abdulsamad Rabiu Now Worth $4 Billion After Cement Company Merger

Nigerian cement and sugar tycoon Abdulsamad Rabiu is now worth at least $4 billion after merging Cement Company of Nigeria (CCNN), where he was the controlling shareholder, with the Obu Cement company. Following the delisting of 13,143,500,966 ordinary shares of CCNN from the daily official list of the NSE, BUA now has 33,864,354,060 ordinary shares …

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Kevin Okyere

Ghanaian Billionaire Kevin Okyere Denies Cooking Up Oil Discovery Figures

Ghanaian billionaire Kevin Okyere, the founder of Springfield Exploration and Production Limited, has denied cooking up figures of its recent oil find (1.5 billion barrels) to shore up the company’s value. Refuting the claim made by some sceptical oil and gas analysts, SEP’s CEO, Mr Kevin Okyere, in an audio statement copied to ClassFMonline.com, said: …

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Abdulsamad Rabiu

Nigerian Billionaire Abdulsamad Rabiu Lists BUA Cement On Stock Exchange With $3.6 Billion Market Cap

Nigerian billionaire Abdulsamad Rabiu has listed his BUA Cement Company on the Nigerian Stock Exchange. West Africa’s second largest Cement company, BUA Cement, today listed on the Nigerian Stock Exchange with a market capitalization of 1.2trillion Naira (USD3.3billion) bringing to conclusion, the merger between the BUA-owned cement entities, Cement Company of Northern Nigeria and Obu …

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Folorunsho Alakija

Nigerian Billionaire Folorunsho Alakija Donates $700,000 To Anglican Church News Network

Nigerian billionaire Folorunsho Alakija donated $700,000 to the Nigerian Anglican Church for the creation of the Anglican Cable News Network (ACNN), the Sun newspaper has reported. The Primate, Church of Nigeria (Anglican Communion), Nicholas Okoh, revealed at an event in Abuja on Monday to unveil the new ACNN logo, as well as to celebrate the …

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Dan Gertler

Israeli Billionaire Dan Gertler Under Probe Over $222 Million Loan To Congo

Israeli billionaire Dan Gertler is under probe by Congolese prosecutors who are investigating a 200-million-euro ($222 million) line of credit  a company he owns issued to state mining company Gecamines. Two sources at the Democratic Republic of Congo’s prosecutor’s office and two at the presidency, speaking on condition of anonymity, told Reuters that the investigation …

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Pierre Omidyar

eBay Billionaire Pierre Omidyar Leads $20 Million Investment In Nigeria’s Rensource

Omidyar Network, the investment office of eBay billionaire founder Pierre Omidyar, has led a $20 million Series A equity round in Rensource, Nigeria’s leading renewable energy company, operating in clusters across six states (Lagos, Kano, Ogun, Ondo, Oyo and Edo). It is the largest ever for a Nigerian renewable energy start-up! The round was co-led …

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