Africa’s richest man Aliko Dangote says he lacks ‘excess liquidity’ to acquire Arsenal
Dangote, a lifelong Arsenal fan and founder of the diversified Dangote Group, made the disclosure during an interview with Bloomberg’s Francine Lacqua.
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Ghana’s Daniel Ofori sees $2-million gain in GCB Bank shares amid rally
This follows a $1.19-million gain recorded between Jan. 1 and May 6, when the value of his stake rose from $4.91 million to $6.1 million.
Lagos-based Greek tycoon John Coumantaros’ stake in Flour Mills nears $100 million
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
Nigerian billionaire Femi Otedola's wealth rises $200 million in 12 days despite naira's ongoing decline
This brings his fortune to $1.6 billion, cementing his position as one of Africa’s richest and most influential businessmen.
Access Holdings receives approval to establish Namibian banking unit
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
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Egyptian multimillionaire Ghabbour family’s stake in GB Corp rebounds above $200 million
This follows an $18.27 million loss between July 18 and Aug. 15, when the market value of their holdings declined from $207.2 million to $188.93 million.
Dangote Oil Refinery secures exclusive deal as sole jet fuel supplier for Nigerian airlines
Dangote Oil Refinery secures an exclusive deal to supply jet fuel to all Nigerian airlines, stabilizing the aviation sector and marking a major step toward energy self-sufficiency.
Absa Bank appoints South African executive Charles Russon as interim CEO
Absa Bank has appointed South African executive Charles Russon as interim CEO, ensuring stability as the search for a permanent successor begins following the retirement of Arrie Rautenbach
Mauritian tycoon Hector Espitalier-Noel’s ENL Limited reports $2.4-million profit surge amid strong diversification
Espitalier-Noel’s ENL Limited posts a 24-percent profit increase, reaching $2.4 million, driven by successful diversification in key sectors like hospitality, real estate, and commerce.