Nigerian billionaire Femi Otedola’s Zenon wins $19.2-million arbitration award against Ardova
Ardova reported a $8.93-million loss for the 2021 fiscal year.
Mauritian tycoon Hector Espitalier-Noel’s ENL posts first profit in two years
ENL is a diversified conglomerate with more than 120 international and domestic brands.
Kenyan businessman Andrew Ndegwa gains $3.6 million from stake in NCBA Group
Ndegwa owns 4.3 percent of NCBA Group.
Mauritian tycoon Arnaud Lagesse-led IBL considers buying stake in Reunion Island-based retail operator
IBL Group is a leading Mauritian conglomerate and one of the island’s largest firms.
Nigerian gov’t orders immediate reopening of Dangote’s Obajana cement plant
Obajana Cement Company is majority owned and operated by billionaire Aliko Dangote’s cement company, Dangote Cement Plc.
London-based Egyptian tycoon Mohamed Al Fayed’s net worth slumps by $200 million
Al Fayed amassed the majority of his fortune from the sale of his shares in Harrod’s.
Moroccan tycoon Hassane Amor has now lost $25.7 million from stake in Microdata
As the company’s founder and chairman, he owns 56.17 percent of the Casablanca-based IT services business.
Africa’s richest man Aliko Dangote’s group says $19-billion oil refinery is 97-percent complete
The refinery project has been long hampered by a number of factors.
Nigerian billionaires Abdul Samad Rabiu, Tony Elumelu, others, receive national honors
The men have played seminal roles in the development of Nigeria’s economy.
South African billionaire Michiel Le Roux gains $157 million as Capitec shares rebound from record lows
Le Roux owns 11.36 percent of the Stellenbosh-based banking group.
Zimbabwean billionaire Strive Masiyiwa’s net worth slumps by $3.1 billion in 162 days
Masiyiwa is Zimbabwe’s wealthiest man.
Nigerian businessman Tony Elumelu pledges support to female farmers
Elumelu has played a crucial role in supporting young businesspeople in Africa.
Egyptian billionaire Naguib Sawiris’ Orascom plans to establish four new hotels in Egypt
Orascom Investment Holding reported a consolidated profit of $4.83 million in the first half of 2022.
Egyptian billionaire Naguib Sawiris confirms no current plans to list Ora Development on EGX
In the last two years, Sawiris’ net worth has grown by $400 million.
South African billionaire Michiel Le Roux’s Capitec Bank secures license for life insurance business
Le Roux owns 11.41 percent of the South African bank.
Nigerian banker Herbert Wigwe’s Access Holdings to become majority shareholder in Finibanco Angola
Wigwe owns 4.26 percent of the pan-African conglomerate.