Egyptian Ghabbour family gains $32.9 million in 57 days as GB Auto shares soar
The gain in the family’s equity stake came off a double-digit increase in the company’s shares.
Kenyan top executive Jeremy Awori receives $850,800 in compensation from Absa Bank Kenya
Awori has been the commercial bank’s managing director since 2012.
Aga Khan IV’s Nation Media Group posts $2.6-million mid-year profits as revenues see sharp recovery
The triple-digit surge in profits came off a 14-percent increase in revenue.
Kenyan tycoon Andrew Ndegwa earns $1.4 million as NCBA shares rise above 25-shilling mark
NCBA Group Plc is an East African financial services conglomerate headquartered in Nairobi, Kenya.
Namibian businessman Koos Brandt’s stake in Capricorn Group now worth $81.2 million
Capricorn Group is a Namibia-based investment holding focused on banking, insurance and finance.
South African senior executive Josua Malherbe earns $1.31 million in 152 days
The earnings come as Remgro Limited’s shares surge by double digits.
Former CEO Richard Brasher earns $2.45 million in compensation from Pick n Pay
Brasher retired in April of this year.
Africa’s richest men see their net worth increase by $2.19 billion in 2021
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Aliko Dangote’s cement company to engage investors in new $364.4-million debt facility
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.
Nigerian banker Herbert Wigwe gains $6.5 million as Access Bank shares surge
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
Zimbabwean senior executive Ralph Mupita earns $2-million compensation from MTN in 2020
Mupita became president and CEO in September 2020.
Patrick Tumbo-led Sanlam Kenya records $2.66-million loss in first half of 2021
COVID-19-induced disruptions its exposed insurance assets and investments to emerging risks.
Businessman Piet Mouton gains $125 million in 32 days as Capitec shares surge to all-time high
Capitec is South Africa’s largest lender by number of customers.
Nigerian tycoon Oba Otudeko’s flour milling business accrues 94-percent gain in two weeks
Honeywell Flour Mills is an integrated flour milling company.
Joshua Oigara-led Kenya Commercial Bank Group posts $139.7-million mid-year profits
Earnings surged by more than 100 percent in the first six months of 2021.
Karim Awad-led EFG Hermes posts $48.09-million mid-year profits thanks to robust performance
EFG Hermes Holding is an Egyptian financial services company.