Shoprite CEO Pieter Engelbrecht receives salary package of $1.9 million in 2021
Shoprite Holdings Limited is South Africa’s largest food retailer and the biggest retailer in Africa.
Karim Awad-led EFG Hermes signs $47.7-million leaseback agreement with MNHD
Madinet Nasr Housing and Development specializes in securities brokerage, asset management and investment banking.
Greek tycoon John Coumantaros loses $12 million in 41 days amid news of Honeywell acquisition
Coumantaros, a Nigeria-based Greek businessman, is the chairman of Flour Mills Group.
Egyptian businessman Khaled Mahmoud gains $3.9 million in 34 days from stake in MM Group
Mahmoud is the chairman of MM Group, an Egypt-based consumer electronics distributor and retailer.
Egyptian tycoon Safwan Thabet gains $26.7 million as Juhayna Food Industries shares surge
The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
Led by Senegalese businessman Alioune Ndiaye, Sonatel to repay $5.6 million in debts to creditors in January
The payment to creditors represents its biannual interest payment commitments under its Sonatel 6.50-percent 2020-2027 bond.
Mauritian tycoon Arnaud Dalias-led CIEL reports $4.4 million in profits, as Q1 earnings rebound strongly
Dalais, who is the chairman of the Mauritian conglomerate, holds an eight-percent stake in the broad-based conglomerate.
Seplat Energy terminates contract of Nigerian oil mogul Austin Avuru as director
Avuru was asked to resign as a non-executive director due to alleged breaches of the company’s corporate governance policies.
Egypt’s wealthy Khamis family gains $12 million in three days as Oriental Weavers shares surge
The Khamis family currently holds a 56.58-percent majority stake in the carpet company.
Uganda-based Sarrai Group wins deal to revive Mumias Sugar; Kenyan tycoon Julius Mwale signals court action
Sarrai Group has edged out Mwale to win the lease to operate and revive Mumias Sugar.
Led by Mauritian Lagesse family, LUX Island Resorts gains $14.6 million in 20 days
Lux Resorts is a leading luxury hotel operator and resort owner in Mauritius.
South African executive Josua Malherbe gains $2.4 million in 2021 thanks to stake in Remgro
Malherbe is a non-executive, co-deputy chairman of Remgro.
NCAA shuts Mike Adenuga’s Globacom base in Abuja over $12.2-million debt
Globacom owes the aviation authority close to $12.2 million due to its refusal to renew expired aviation certificates.
Zimbabwean businessman Sam Hosack’s Prospect Resources receives $422 million offer for lithium mine
Prospect Resources is a battery minerals company with a focus on lithium in and around Zimbabwe.
Zimbabwe’s richest man Strive Masiyiwa loses $70 million in two weeks as shares in Econet slump
Masiyiwa, who founded Econet Group in 1998, holds a 52.85-percent stake in Econet Zimbabwe, the country’s largest telecom service provider.
Nigerian billionaire Mike Adenuga gains $7 million in 2021 from stake in Julius Berger
Adenuga, the founder of Nigeria’s third largest telecom services provider, Globacom, owns a 25.1-percent stake in Julius Berger.