Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Nigerian insurance tycoon Wole Oshin loses nearly $2 million in three weeks
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Herbert Wigwe’s Access Holdings posts robust Q1 profit of $154 million
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.
Egyptian tycoon Hassan Allam’s firm to launch integrated logistics platform
Hassan Allam Utilities is an arm of the privately-owned engineering firm, Hassan Allam Holding.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.
Nigerian entrepreneur Etop Ikpe’s Autochek acquires stake in Egypt’s AutoTager
Autochek is a digital automotive commerce firm.
Transcorp’s market cap up by $55 million following Femi Otedola’s acquisition
The company’s market capitalization has surged by $42 million since the news of the acquisition broke on April 12.
James Mwangi’s Equity Group invests $76.7 million in Congo unit
By increasing its investment in DR Congo, the Mwangi-led group aims to solidify its position as a key player in the region.
Strive Masiyiwa’s net worth dips by $100 million after $800-million rise
Masiyiwa derives a significant portion of his billion-dollar fortune from his holdings in Econet Zimbabwe and EcoCash Holdings.
Kenyan tycoon Narendra Raval pays $6.7 million a month to keep lights on
Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
Shelter Afrique eyes African diaspora after funding Paul Onwuanibe’s firm
Shelter Afrique recently invested $24 million in Landmark Africa Group.
Neal Froneman’s Sibanye-Stillwater to extend funding to Australian company
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Deon Nobrega’s Paymenow secures $14-million debt facility with RMB backing
Paymenow is a Stellenbosch-based financial wellness platform.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil launches mega filling station
Rainoil is a key player in Nigeria’s oil industry.
Nigerian billionaire Mike Adenuga’s net worth drops by $100 million
Adenuga remains one of Nigeria’s and Africa’s top billionaires.