Johann Rupert-led Remgro plans to unbundle 25-percent stake in Grindrod to shareholders
Grindrod is a freight logistics and shipping services company owned in part by Remgro.
Botswana magnate Chandra Chauhan-led Sefalana reports marginal profit growth as revenue surges above $570 million
Chauhan owns a 5.53-percent equity stake in the company.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million to $2.6 billion
Motsepe’s net worth has dropped by $500 million since the start of the year.
Kenyan exec Rohan Patel has lost $1.2 million in five months on Nairobi Stock Exchange
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
Aliko Dangote reemerges as world’s 74th richest billionaire
Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.
Nigerian mogul Tony Elumelu signs $20-million deal to support African entrepreneurs
Elumelu has played a key role in assisting young entrepreneurs.
Egyptian tycoon Ahmed El Sewedy’s electric company signs $21.5-million contract with EIPICO
The contract for the construction of EIPICO Factory 3 was signed through Rowad Modern Engineering.
Led by Egyptian magnate Abdallah Sallam, MNHD to execute $77.2 million construction works in Cairo
Sallam controls a five-percent stake in MNHD.
Nigerian tycoon Herbert Wigwe to pocket $700,000 in interim dividends from Access Holdings
Access Holdings is Nigeria’s largest financial services group in terms of assets.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia signs MoU to operate gas networks for one year
TAQA Arabia is Egypt’s leading energy and utility provider.
Led by South African banker Alan Pullinger, FirstRand posts nearly $2 billion in profit in 2022
Pullinger, FirstRand’s CEO, said the group’s performance reflects the quality of its operating businesses.
Seplat spent $450 million in transactions linked to Nigerian energy magnates Bryant Orjiako, Austin Avuru
The payments were made to 18 firms linked to Orjiako and Avuru.
Nigerian multimillionaire banker Jim Ovia loses nearly $22 million in 11 days
Ovia owns a significant 16.2-percent stake in Zenith Bank.
Kenyan investment banker David Owino’s Ascent Capital secures $128 million to invest in small businesses
Owino founded Ascent in 2012.
Greek magnate John Coumantaros gains $14 million in nine days from stake in Flour Mills of Nigeria
Coumantaros owns 63.34 percent of the agro-allied group.
African-American mogul Sean ‘Diddy’ Combs invests $2 million in Philly startup, REC
Forbes estimated Diddy’s net worth to be $740 million in 2019.