Led by Egyptian billionaire Sawiris family, Orascom Development reports $17.9 million in profit in Q1 2022
Orascom Development offers a portfolio of world-class destinations around the world.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods injects $10-million into new farming venture
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Led by Mauritian businessman Jean Ribet, BMH rebounds from loss; earnings surge
Ribet controls a significant 3.32-percent stake in the company worth $1.71 million.
Seplat Energy wants Nigerian energy mogul Bryant Orjiako to assist with critical tasks after retirement
Orjiako’s stake in Seplat Energy is valued at $118.5 million.
Founded by Joaquim David, Angolan oil explorer Somoil plans to go public
Somoil is the largest privately-owned oil exploration company in Angola.
Nigerian oil billionaire Tein Jack-Rich declares interest in presidency
Tein Jack-Rich is the founder of Belemaoil Producing Limited.
South African businessman Zak Calisto to receive $11.68-million in dividends from Karooooo
Zak Calisto controls a 66-percent stake in Karooooo.
Led by Kenyan banker James Mwangi, Equity Group posts $102.4 million in profit in Q1 2022
This follows the lender’s record-high profit of $350.2 billion in 2021.
Cameroonian banker Alain Nkontchou acquires additional stake in Ecobank for $690,000
Ecobank is one of West and Central Africa’s leading independent regional banking groups.
Kenyan tycoon Rohan Patel gains $1.2 million in two weeks from stake in Sanlam Kenya
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
Led by Polish entrepreneur Iliana Montauk, Manara raises $3 million to expand talent pool in North Africa
The edtech startup was founded last year by Montauk and Laila Abudahi.
South African executive Andre Joubert sells $1.33 million in shares in leading miner, ARM
Joubert has been the CEO of ARM’s Ferrous Division since July 2012.
Egypt’s richest man Nassef Sawiris now wealthier than Henry Samueli; net worth over $7.25 billion
The billionaire’s net worth has risen by $738 million since the start of the year.
Moroccan billionaire Alami Lazraq gains $42.2 million from stake in Casablanca-based home builder
Lazraq is one of Morocco’s wealthiest businesspeople.
Tanzanian billionaire Rostam Aziz, AXIAN Group to invest $430.2 million in MIC Tanzania
Aziz had a net worth of $900 million in 2015.
Mauritian Doger de Speville family loses $1.25 million in 78 days
The family controls a 12.8-percent stake in Medine Limited, worth almost $20 million.