Egyptian businesswoman Hend El-Sherbini loses $26 million in month as IDH shares plunge
El-Sherbini owns a significant 26.71-percent stake in the company, or 160,250,305 ordinary shares.
Glencore-led by South African exec. Gary Nagle to acquire Argentinian copper project in $475 million deal
South African business executive Gary Nagle’s 0.016 percent stake in Glencore is worth R248 million ($13.9 million)
South Africa’s second-richest man Nicky Oppenheimer nears $10-billion net worth, surpasses $1.3-billion YTD gains
The driving force behind Oppenheimer’s wealth gains lies in his private equity investments.
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.
Ghanaian tycoon Joseph Siaw Agyepong’s group commissions $22-million wastewater treatment plant
The facility was funded by the government of Hungary.
5 companies linked to South African billionaire banker Michiel Le Roux
As the holder of an 11.39-percent ownership stake in Capitec Bank, comprising 13,190,043 ordinary shares, Le Roux is among the continent’s richest individuals.
Dangote’s cement company rakes in $230-million profit in first half of 2023
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
Tunisian business mogul Abdelwaheb Ben Ayed suffers $2.6-million loss as Poulina stake tanks
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, making him one of the richest investors on the Tunis Stock Exchange.
Black entrepreneur Emma Grede’s stake in shapewear company, Skims, surges to $320 million
Beyond her successful venture with Skims, Grede is also making waves in the retail industry through Good American.
Richemont, led by Africa’s richest man Johann Rupert, acquires controlling stake in Italian shoemaker
Finalized in a private transaction, the deal marks a significant step for Richemont.
5 companies linked to South African mining tycoon Neal Froneman
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.
South African-born real estate tycoon Barry Stuhler takes $4-million hit as Lighthouse shares plummet
Stuhler, also known as the managing director of Capital Property Fund, owns 9.72 percent of Lighthouse Properties, amounting to 172,699,222 ordinary shares.
U.S. billionaire MacKenzie Scott has given $1.1 billion to African charities. Here are 20 of them.
Over the past four years, America’s third richest woman MacKenzie Scott has given over $1.1 billion to various charities across Africa.
Nigerian gambling magnate Kessington Adebutu suffers $6-million loss in 25 days from Wema Bank stake
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.09-percent stake in Wema Bank.
Namibian tycoon Quinton van Rooyen’s Trustco to spearhead $75-million investment in Meya diamond mine
Meya Mining, a Trustco subsidiary led by van Rooyen, presently holds an extensive mining license covering 129 square kilometers in Sierra Leone.