Tony Elumelu’s wife, Awele, acquires $14-million stake in Transcorp
Awele Elumelu acquired a 5.076-percent stake in Transcorp, making her one of the largest shareholders in the conglomerate.
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
MTN Nigeria CEO Karl Toriola’s daughter acquires shares in company
While Damilola joins the ranks of the group’s minority shareholders, her father, Toriola holds a stake of 0.0201 percent in MTN Nigeria.
David Steward’s net worth jumps by $400 million due to recent revaluation of his tech firm
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.
Ken Sharpe’s WestProp underwhelms on first day of trading on VFEX
Despite the lackluster debut, Sharpe remains optimistic about the company’s future.
Hisham Talaat Moustafa’s TMG sees significant contraction in Q1 2023 sales
With a 43.16-percent stake in TMG Holding, Moustafa is one of the richest investors on the Egyptian Exchange.
Naguib Sawiris’ Orascom Investment, BluEV join forces to revolutionize global transport industry
Sawiris emphasized that the partnership provides a viable solution to transform the transport sector in Egypt and the region.
Abdirashid Duale’s Dahabshiil expresses concern over conflict in Sudan
The Duale-led group is concerned about the situation in Sudan and how it might affect its clients and customers.
Ten companies owned by Aliko Dangote that you’ve never heard of
Dangote owns several valuable, privately-held, unquoted companies that add hundreds of millions of dollars to his wealth.
South African Ackerman family to receive $9.57 million in dividends from Pick ‘n Pay
The Ackerman family is one of the richest families in South Africa.
Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
Neal Froneman’s Sibanye-Stillwater charts path with management overhaul at New Century
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.