Ethiopian billionaire Mohammed Al-Amoudi gains $360 million in 21 days after losing $530 million between July and September
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
Moroccan businessman Alami Lazraq loses $7 million as shares in country’s largest homebuilder slump by nearly 12 percent
ADI is Morocco’s largest home and hotel builder. Lazraq holds a majority 51.7-percent stake in the company.
Ghanaian executive Ebenezer Asante gains $740,000 as MTN Ghana stock price skyrockets
MTN Ghana, a subsidiary of MTN Group, is Ghana’s largest telecom operator.
Led by affluent Ackerman family, Pick n Pay posts $20 million in half-year profit as headline earnings surge
However, the retailer’s financial performance was materially impacted by civil unrest in South Africa.
Egyptian businesswoman Hendi El-Sherbini loses nearly $20 million as shares retreat from three-year high
IDH is a leading consumer healthcare group in the Middle East and Africa.
Namibian tycoon Koos Brandt to pocket $2.48 million in dividends from Capricorn Group
Capricorn Group is a financial services group with an operational footprint in Botswana and Zambia.
Johann Rupert’s luxury goods producer Richemont in talks to offload loss-making YNAP
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Mauritian tycoon Arnaud Dalais gains $3.86 million in 20 days as CIEL Limited share price rises
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
Nigerian energy magnate Austin Avuru loses $5.9 million in 49 days as Seplat Energy shares take dive
Seplat Energy is a leading Nigerian independent energy company.
Here are 10 of the wealthiest tycoons in Kenya who you most likely don’t know
About 8,300 people in Kenya hold high-net-worth-individual status.
Strive Masiyiwa’s Econet Zimbabwe records increase in carbon emissions as power cut looms
Econet Wireless is an entrepreneurial technology group and the biggest telecom operator in Zimbabwe.
Egyptian steel tycoon Ahmed Ezz gains $71 million in 21 days as Ezz Steel shares see double-digit surge
The steelmaker’s share price has surged due to investor cherry-picking activities on the Egyptian Stock Exchange.
Tunisian auto mogul Habib Essayeh gains $7.12 million in five months from stake in Euro-Cycles
Euro-Cycles is a Tunisian automotive company specializing in the production of bicycles for export.
Haresh Soni’s Nairobi Business Ventures acquires Delta Automobile, Delta Cement as part of $27-million deal
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.
French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Botswana real estate mogul Gulaam Abdoola loses $5 million in nearly 10 months as Turnstar shares decline by double digits
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.