Kenyan banking tycoon Andrew Ndegwa loses $2.65 million in 60 days as NCBA shares slump
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
South Africa’s richest man Johann Rupert is now worth more than $10 billion
His present net worth makes him the second richest man in Africa behind Nigerian billionaire Aliko Dangote.
Nigeria’s oldest bank confirms finance mogul Tunde Hassan-Odukale as largest shareholder
Hassan-Odukale is the managing director and CEO of Leadway Assurance Company.
Moroccan mogul Abdeslam Ahizoune’s telecom firm posts lower earnings despite single-digit growth in customer base
Formerly Maroc Telecom, Itissalat Al-Maghrib is the main telecommunications company in Morocco.
Botswana businessman Gulaam Abdoola’s Turnstar Holdings reports $5.23 million in profits in H1 2022
Turnstar Holdings is a property loan stock group headquartered in Gaborone, the capital city of Botswana.
Led by influential Mauritian Lagesse family, LUX Island Resorts suffers $7.51-million loss in Q1 2022
During the quarter, the group’s revenue surged by 107 percent.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $160.6 million in profit for 9M 2021
BUA Cement is a Nigerian cement manufacturer with an installed capacity of 8 million tonnes per annum.
Egyptian billionaire Nassef Sawiris’ Fertiglobe completes Abu Dhabi listing, market cap soars above $6.8 billion
The company operates as the world’s largest urea and ammonia seaborne exporter.
Nigerian startup founder Tunde Kara’s Vendease raises $3.2-million seed round
Vendease provides a transparent process for hotels and restaurants to purchase the best quality products at the best possible price.
Egypt’s Khamis family loses $27.2 million in nearly seven weeks as shares in Oriental Weavers retreat from record 41-month high
Oriental Weavers is the world’s largest manufacturer of machine-made carpets.
Mokwena Morulane-led Minergy Limited suffers $9.5-million loss in 2021
However, figures contained in its 2021 annual report revealed that revenue soared by almost 140 percent.
Mitwa Ng’ambi-led MTN Rwanda posts $19.1 million in profit for 9M 2021
The profit marked an 8.7-percent growth from the figure posted for the same period last year.
South African executive Neal Froneman’s Sibanye-Stillwater to acquire two mines in Brazil in $1-billion deal
Sibanye-Stillwater is the world’s largest primary producer of platinum, second-largest producer of palladium and third largest producer of gold.
Egyptian billionaire Nassef Sawiris gains $230 million in two weeks as Adidas shares rebound from five-month low
Since the start of the year, Sawiris has seen his net worth increase by $264 million from $6.6 billion on Dec. 31, 2020.