Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.
Editorial Team
South African billionaire Michiel Le Roux loses $173.59 million as Capitec Bank shares fall
Capitec is South Africa’s largest lender by number of customers and a leading global brand.
Neal Froneman’s Sibanye-Stillwater losses $1.43 billion after mine closure announcement
As of press time, its shares were trading 7.17-percent lower than its opening price for the day.
U.S.-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei donates $170 million to state for COVID-19 vaccines
Sakunda Holdings claims the effort will help the state mitigate the effects of COVID-19 in the country.
Mauritian tycoon and investor Arnaud Dalais earns $2.14 million in 14 days from his stake in CIEL Limited
The rise in the market value of his shares occurred on the back of sustained bullish sentiment in the company.
Mauritian mogul Hector Espitalier-Noel to earn $1.24 million in dividends from stake in ENL Limited
ENL Limited is a holding company of ENL Group, a broad-based enterprise managing over 120 brands.
Israeli mining mogul Dan Gertler loses prized oil blocks in Democratic Republic of Congo
The DRC Hydrocarbons Ministry made the announcement.
Nigerian billionaire Abdul Samad Rabiu has given $29 million so far in 2021. Here’s how.
Rabiu is the sixth wealthiest man in Africa and the founder of BUA Group.
Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
Late Kenyan tycoon Chris Kirubi’s son-in-law appointed to Centum Real Estate board
Andrew Musangi is an experienced lawyer and husband to Mary-Ann Musang, Kirubi’s oldest daughter.
Nigerian billionaire Abdul Samad Rabiu to earn $157.02 million in dividends from BUA Cement
The Nigerian cement tiger has a market capitalization of $5.85 billion on the Nigerian Stock Exchange.
Steve Curtis makes plans to list Caledonia Mining Corporation on Zimbabwe’s new Victoria Falls bourse
The move would see Caledonia reinforce its commitment to Zimbabwe, the home of its Blanket gold mine.
Jasper Hardenberg’s Daystar Power secures $20 million from IFC for expansion in Nigeria
The funding will help the power company expand its Nigeria operations.
Stake of Botswana tycoon Farouk Ismail in Choppies, Far Property now worth $38.74 million
The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.
Stephen Saad’s stake loses $29.31 million as Aspen shares retreat from two-year high
Shares in Aspen Pharmacare have been on a downward trend recently.
Billionaires.Africa Ranking: The 20 Richest Investors On the Nigerian Stock Exchange (NGX)
The top 20 investors on the Nigerian Stock Exchange have amassed staggering wealth through equity stakes in their own and other companies.