South African exec Piet Mouton to pocket $5.2 million in interim dividends from Capitec Bank
Mouton’s 5.78-percent stake in the bank is worth $600 million.
Kenyan businessman John Kimani’s stake in Kakuzi now worth more than $22 million
Kimani owns 34.54 percent of Kakuzi.
South African billionaire Michiel Le Roux to pocket $10.2 million in interim dividends from Capitec Bank
Through his stake in Capitec Bank, Le Roux ranks as one of South Africa’s richest men.
Serena Williams’ VC firm leads $12.3-million investment in Ugandan fintech startup, Numida
Through Serena Ventures, Williams has invested in more than 60 startups.
Egyptian steel tycoon Ahmed Ezz gains $55.4 million from stake in Ezz Steel
Ezz owns 60.7 percent of the company.
Led by Egypt’s richest family, Orascom Construction to build strategic warehouse in Egypt
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Nigerian banking tycoon Herbert Wigwe gains $2.1 million in five days as Access Bank shares rebound
Wigwe owns a significant 4.27-percent stake in the bank.
Babs Ogundeyi-led Kuda Bank records over $14 million in losses in 2021
The loss has sparked a discussion about how well modern fintech firms are actually doing in Nigeria.
Wealthy Kenyatta family gains $16.5 million as NCBA shares soar on NSE
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Egyptian real estate tycoon Hany El Assal’s Misr Italia plans $77 million investment in Cairo
Misr Italia Properties has been involved in 25 large-scale projects since its founding.
Egyptian tycoon Hend El-Sherbini’s IDH posts lower profits amid slowdown in COVID-19-related business
El-Sherbini controls a significant 26.1-percent stake in Integrated Diagnostics Holdings.
Aliko Dangote drops out of list of top 80 billionaires as net worth slumps
The decline in his net worth can be attributed to the fall in the share price of Dangote Cement.
Egyptian tycoon Ahmed El Sewedy’s electric firm signs contracts worth $113 million to execute Toshka Project
El Sewedy Electric is a multinational manufacturer of cables and electrical equipment.
South African mogul Adrian Gore’s Discovery posts more than $310 million in profit in 2022
Gore’s stake in Discovery is presently valued at $320 million.
Led by Karl Toriola, MTN Nigeria plans to raise $54 million from capital market investors
Toriola has been at the helm of MTN Nigeria since 2020.
Egyptian real estate mogul Hisham Talaat Moustafa loses $8 million from TMG stake in one month
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.