Wealthy Kenyan Ndegwa family gains $3.1 million from stake in NCBA Group
The Ndegwa family owns 12.52 percent of NCBA Group, which is worth more than $45 million.
Egyptian multimillionaire Medhat Khalil’s Raya Holding to sell stake in Ostool Transport in $14.3-million deal
Raya Holding has grown into a leading brand in Egypt since its formation in 1999.
Nigerian banking magnate Jim Ovia’s Zenith Bank pays investors balance of $500 million Eurobond
Ovia owns a significant 16.2-percent stake in the leading lender worth over $300 million.
Dubai billionaire Hussain Sajwani acquires De Grisogono, once owned by Isabel dos Santos
dos Santos was previously the majority shareholder of De Grisogono, a Swiss luxury jeweller.
African Bank to acquire Johann Rupert-linked Grindrod in $97-million deal
Grindrod is a freight logistics and shipping services company owned in part by Rupert’s Remgro Limited.
Moroccan businessman Adil Douiri loses $2.6 million from stake in Mutandis
Douiri owns 6.88 percent of the consumer goods firm.
Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
Strive Masiyiwa’s Ecocash discontinues waste collection services in Harare
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
10 African billionaires who made their fortune in banking
These 10 African billionaires built their fortunes by founding some of the continent’s largest financial services institutions.
5 multimillionaires from Gambia you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Burkina Faso you’ve never heard of
You might not know their names, but you should.
Led by Egypt’s richest family, Orascom Construction sees profit drop 43.1 percent in Q1 2022
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Tanzania’s richest man Mohammed ‘Mo’ Dewji gives commencement speech at Georgetown University
Tanzania’s richest man also received an honorary doctorate in humane letters.
Cameroonian billionaire Paul Fokam’s Afriland First Bank eyes Chadian market
Fokam is one of the richest men in Africa.
Nigeria rejects proposed acquisition of ExxonMobil assets by Bryant Orjiako’s Seplat Energy
The government cited overriding national interests as one reason for rejecting the $1.58-billion deal.