Tunisian tycoon Khaled Fakhfakh loses $1.08 million as BIAT shares retreat from record highs
The group maintains operations in banking, insurance and asset management.
Moroccan business tycoon Adil Douiri loses $2.68 million in four months as Mutandis shares slump
Douiri is a venture capitalist and politician, who founded Mutandis as a packaged foods retailer in 2008.
Kenyan businessman Benson Wairegi loses $740,000 as shares in Britam Holdings decline by nearly 10 percent
Wairegi stepped down from Britam’s board on May 28 after serving in the company for more than four decades.
Royal Family of Morocco loses $272.05 million in three weeks as shares in Morocco’s largest bank decline
Attijariwafa Bank is a Moroccan multinational commercial bank based in Rabat, Morocco.
Africa’s wealthiest man Aliko Dangote loses younger brother, Sani Dangote
The death of the Nigerian industrialist has sent shock waves across Africa’s richest economy.
Adegoke Olubusi’s Helium Health acquires Qatar-based doctor booking platform, Meddy Inc.
Founded by Olubuisi and partners in 2016, Helium Health is a leading healthcare technology services provider in Africa.
Richest Black man alive Aliko Dangote now worth over $20 billion, net worth up by +$2.4 billion in 2021
So far this year, his personal net worth is up 13.6 percent, an average gain of $7.66 million per day.
Ghana’s wealthiest investor Daniel Ofori gains $4.4 million in 2021 from stake in Societe Generale Ghana
Societe Generale Ghana is Ghana’s fourth-largest commercial bank.
Kenyan tycoon Jimnah Mbaru loses more than $1.4 million as Britam Holdings shares retreat
Investors are stepping back from the company as it prepares to publish its financial results for 9M 2021.
Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.
Vodacom Group acquires stake in South African billionaire Johann Rupert-linked investment holding
CIVH is a holding majority-owned by South African billionaire Johann Rupert’s Remgro Limited.
Nigerian fintech entrepreneur Gbenga Agboola’s Flutterwave acquires Disha creator platform
Disha is a Nigerian platform allowing digital creators to showcase and receive payments for content globally.
Kenyan banking tycoon James Mwangi to remain with Equity Group until 2032; stake in group is worth $58.37 million
Equity Group Holdings Limited is Kenya’s leading financial services holding.
South African businessman Piet Mouton gains over $75 million in 29 days from stake in Capitec Bank
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
James Mwangi-led Equity Group posts $240.83 million in profit in 9M 2021
Equity Group Holdings is Kenya’s leading financial services holding.
South African billionaire Patrice Motsepe’s ARC moves to buy, delist CSG Holdings
CSG offers staffing solutions, facilities management and personnel and industrial support in South Africa.