Kenyan banking magnate Gideon Muriuki loses $1.6 million in 16 weeks
Muriuki owns a two-percent stake in the leading financial services group, totaling 102,528,400 shares.
Ivorian banker Jean Kacou Diagou’s NSIA Banque Cote d’Ivoire expects balance sheet to exceed $3 billion in four years
The management expects the company’s balance sheet value to exceed $3 billion by 2026.
Kenyan tech entrepreneur Victor Maina’s Duhqa secures $2-million in seed round one year after launch
Duhqa was founded in 2021 by Maina, Davis Angwenyi, and Dudu Moilwa to address issues in the highly fragmented retail market.
This is what Nigerian billionaire TY Danjuma’s family office portfolio looks like
Danjuma is known for founding the oil exploration company South Atlantic Petroleum.
Egyptian tycoon Safwan Thabet receives $8.75 million in dividends from Juhayna
Thabet owns a majority 50.07-percent stake in the Egypt-based food products manufacturer.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
Karim Awad-led EFG Hermes acquires stake in offshore oil support company, Maridive
The transaction comes two months after Maridive approved a 5.94-percent reduction in its authorized capital to $940.51 million.
Benin seizes assets of exiled chicken tycoon Sebastien Ajavon over alleged tax fraud
Ajavon is the founder of Cajaf-Comon, Benin’s largest supplier of frozen chicken.
Swazi billionaire Natie Kirsh’s net worth slumps by more than $600 million
However, Kirsh still remains one of Africa’s wealthiest billionaires.
Johannesburg-based entrepreneur Tasoulla Hadjigeorgiou’s LottoStar secures investment from UK bookmaker
LottoStar was founded in 2014 as a family-led business.
South African Saltzman family loses $145 million in two months from Dis-Chem stake
Over the years, Dis-Chem Pharmacies has grown into one of South Africa’s leading retail healthcare groups.
Kenyan businessman Paul Ndung’u takes legal action over control of SportPesa assets
The move comes nearly two years after the SportPesa brand was relaunched.
Nigerian billionaire Abdul Samad Rabiu loses $500 million in less than 30 days
Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.
Egyptian mogul Safwan Thabet’s Juhayna reports $7.5 million in profit in Q1 2022
Thabet owns a majority 50.07-percent stake in the group.
Zimbabwean billionaire Strive Masiyiwa loses $2.5 billion amid stock market sell-off
The slump in his net worth can be attributed to a plunge in the shares of his publicly traded companies.
Mauritian tycoon Arnaud Lagesse-led IBL Group buys stake in leading Kenyan supermarket chain
The transaction highlights Naivas’ intrinsic value as Kenya’s largest supermarket chain.