Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Editorial Team
Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
Mohammed Abdeljalil-led Marsa Maroc posts $193.61-million mid-year revenue
Compared with last year, the group’s consolidated revenue rose by 20 percent.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.
Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.