Lagos-based Greek tycoon makes $30 million from Flour Mills stake
John Coumantaros' 63% stake in Flour Mills gains $30 million YTD, fueled by strong financial performance and a buyout plan.
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Africa’s richest man, Aliko Dangote, gains $414 million in 24 hours
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.
Zenith Bank stake held by Nigeria’s richest bank founder Jim Ovia nears $250 million
Jim Ovia’s Zenith Bank stake nears $250 million as investor confidence boosts shares 32% in under a month.
Nigerian businessman Oba Otudeko exits First HoldCo in multimillion-dollar deal
Oba Otudeko exits First Holdco in a $211 million deal, clearing the path for Femi Otedola to tighten control of Nigeria’s oldest banking group.
Femi Otedola’s quiet power move spurs $211 million block trade on NGX
Rare $211.7 million block trade on NGX signals changing control at First HoldCo as longtime shareholders quietly exit.
Latest
Africa’s richest man, Aliko Dangote, gains $414 million in 24 hours
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.
Kenyan tycoon Narendra Raval faces tax blow as cement empire comes under fire
Auditor-General Nancy Gathungu has warned that granting tax waivers without a proper legal basis could open the floodgates to abuse.
South African pharma mogul Stephen Saad’s Aspen stake sinks under $360 million
Aspen Pharmacare CEO Stephen Saad loses $32 million in 13 days as stock slumps; his stake now worth under $360 million amid JSE sell-off.
Kenyan tycoon Peter Munga partners with Nairobi expressway developer
Kenyan tycoon Peter Munga teams up with U.S.-based Everstrong Capital in $3.62-billion toll road project, marking a new chapter in his business empire.