Dangote’s cement company rakes in $230-million profit in first half of 2023
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
5 companies linked to South African mining tycoon Neal Froneman
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.
South African tycoon Laurie Dippenaar gains $26 million in just 18 days
Dippenaar holds a 1.76-percent stake in FirstRand, or 98,726,988 shares.
South African tech tycoon Zak Calisto gains nearly $40 million as Karooooo surges on Nasdaq
As a result of the recent surge in the company’s shares, the value of Calisto’s stake in Karooooo has increased from $543.7 million to $584.6 million.
Nigerian gambling magnate Kessington Adebutu’s stake in Wema Bank dips by $6 million in 25 days
Kessington Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, holds a 28.09-percent stake in Wema Bank
Led by Kenya’s richest families, NCBA plans to expand with ten new branches in Kenya
NCBA Group, a leading financial services conglomerate, is partially owned by some of Kenya’s richest families, Kenyatta, Merali, and Ndegwa families.
Alan Pullinger, CEO of Africa’s largest bank, gains $3.8 million in 57 days
Pullinger owns a minority shareholding of approximately 0.1 percent in FirstRand.
Nigerian businessman Atedo Peterside gains $2.6 million from Stanbic IBTC stake
Peterside, a key figure in the Nigerian banking industry, holds a significant 1.14-percent stake in Stanbic IBTC.
Kenyan tycoon James Mwangi-led Equity Group partners with Schneider to power 1 million households in DRC
Mwangi revealed that the collaboration aims to ensure energy becomes a fundamental right for the people of the DRC.
Kenyan tycoon John Kimani’s Kakuzi stake tanks, losing $1.6 million in two days
Despite this setback, Kimani retains his position as one of the wealthiest investors on the Nairobi Securities Exchange.
Kenyan retail tycoon Atul Shah receives green light to pursue refund case against Imperial Bank
Shah is the former managing director and CEO of Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom becomes majority owner of ‘Free in Senegal’
Under Hiridjee, AXIAN Telecom has achieved remarkable growth through active acquisitions and substantial network investments since 2015.
Egyptian billionaire Yasseen Mansour’s Palm Hills concludes $15.3-million securitized bond
Mansour owns a significant 5.22-percent stake in Palm Hills Developments
Nigerian businessman Tony Elumelu gains nearly $4.3 million in single day from UBA stake
Elumelu holds a substantial 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares with a market value of $47 million.
Tanzanian multimillionaire Seif Ali Seif to acquire South Africa’s Tongaat Hulett
Ali Seif and his family are the beneficial owners of Kagera Sugar Group which is a subsidiary of the their conglomerate, Super Group.
Adidas claims Kanye West squandered $75 million intended for Yeezy collection marketing
Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of the marketing funds.”