Billionaire Femi Otedola’s Geregu Power completes $96.3-million bond issuance
Under Otedola, Geregu has grown into one of Nigeria’s largest power-generating enterprises.
Nigerian telecom tycoon Bassim Haidar puts yacht ‘Bash’ on sale for $10 million
The Nigerian-Lebanese telecom tycoon is listing his 208-foot yacht, “Bash,” for sale.
Market cap of Burkinabe mogul Idrissa Nassa’s Coris Bank drops below $450 million
However, Coris Bank remains the fourth-most valuable firm listed on the BRVM Stock Exchange.
Nigerian billionaire Mike Adenuga’s Conoil earns over $4.3 million in profit in H1 2022
Adenuga holds a 74.4-percent stake in the oil marketing business.
Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
However, he remains one of the few billionaires who has seen impressive gains since the year began.
Kenya’s apex bank: Olugbenga Agboola’s Flutterwave, Ham Serunjogi’s Chipper Cash not licensed
The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
Botswana-based mogul Jonathan Gibson’s Chobe suffers over $3.3 million in losses in 2021
Gibson owns 35.6 percent of the company.
Patrice Motsepe-linked MetroFibre secures $298 million in debt funding from Standard Bank Group
MetroFibre is partly owned by African Rainbow Capital, an investment unit founded by Motsepe.
Moroccan tech tycoon Karim Benjelloun’s Disway reports $95 million in revenue in H1 2022
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.
Swazi billionaire Natie Kirsh’s net worth increases by $430 million in 35 days
The bump in his net worth is due to an increase in the valuation of his stake in Jetro Holdings.
Billionaire Mohamed Mansour’s Infinity plans to raise as much as $4 billion from capital market
The group is pushing to sustain its expansion and growth trajectory in the renewable energy industry.
Egyptian mogul Medhat Khalil-linked Aman Holding’s capital soars above $32 million
The fintech company’s capital has now risen to $32.4 million.
Aliko Dangote’s salt-processing business NASCON records more than $3.7 million in profit in H1 2022
NASCON is a subsidiary of Dangote Group.
Dar es Salaam-based multimillionaire Hans Macha gains $1.5 million from stake in CRDB Bank
Macha’s interest in Tanzania’s leading banking group is worth more than $5 million.
Kenya’s Kirubi family to pocket $1.02-million dividend from stake in Centum Investment
The million-dollar dividend will be deposited into the family’s bank account at a later date.
Led by Tunisia’s Ben Yedder family, Ennakl Automobiles’ revenue slumps below $22 million in H1 2022
The drop in revenue was due to supply and logistics issues.