Nigerian billionaire Abdul Samad Rabiu and son receive $151.6 million in dividends from food business
Just three weeks ago, the Nigerian billionaire received a massive $208-million dividend from BUA Cement.
Ugandan tycoon Charles Mbire to pocket $1.15-million interim dividend from MTN Uganda
Mbire owns a significant 3.98-percent stake in the Ugandan telecom outfit.
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.
Egyptian mogul Hendi El-Sherbini acquires additional $3.2 million in IDH shares
Her stake in the company has now risen from 25.5 to 26.1 percent.
Ugandan tycoon Charles Mbire’s MTN Uganda reports more than $50 million in profit in H1 2022
Mbire owns 3.98 percent of the company.
Nigerian billionaires Aliko Dangote, Abdul Samad Rabiu bag merit awards in Niger
The billionaires have both played an important role in the country’s economic growth.
Billionaire Patrice Motsepe-linked Tyme Bank moves to acquire South African fintech lender, Retail Capital
TymeBank is owned in part by African Rainbow Capital Financial Services Holding, a Black-owned and -controlled company.
Nigeria-based British executive Roger Brown acquires additional stake worth $2.3 million in Seplat
As Seplat’s CEO, Brown was instrumental in completing the group’s dual listing on the Nigerian and London stock exchanges.
Botswana tycoon Gulaam Abdoola loses over $1 million from Turnstar investment
Despite the million-dollar decline, the businessman still ranks as one of the wealthiest investors on the Botswana Stock Exchange.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank secures $19.4 million to support SMEs
Coris Bank International is a financial services organization headquartered in Burkina Faso with activities throughout Francophone Africa.
Nigerian billionaire Mike Adenuga’s Conoil earns over $4.3 million in profit in H1 2022
Adenuga holds a 74.4-percent stake in the oil marketing business.
Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
However, he remains one of the few billionaires who has seen impressive gains since the year began.
Kenya’s apex bank: Olugbenga Agboola’s Flutterwave, Ham Serunjogi’s Chipper Cash not licensed
The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
Patrice Motsepe-linked MetroFibre secures $298 million in debt funding from Standard Bank Group
MetroFibre is partly owned by African Rainbow Capital, an investment unit founded by Motsepe.
Egyptian mogul Medhat Khalil-linked Aman Holding’s capital soars above $32 million
The fintech company’s capital has now risen to $32.4 million.
South African exec Mark Blair pockets $3.37 million in remuneration in 2022
The compensation is more than three times the $1.12 million that he received in the 2020-2021 fiscal year.