Ugandan tycoon Emmanuel Katongole’s stake in CiplaQCIL is worth $2.87 million
CiplaQCIL is a pharmaceutical company based in Luzira, a suburb of Kampala, the capital city of Uganda.
Aliko Dangote’s cement company posts $476.3-million mid-year profit as sales surge
The profit represents a 51.9-percent growth when compared with last year’s figures.
Egyptian real estate tycoon Talaat Moustafa earns $99.2 million as TMG shares make sharp rebound
Moustafa founded the Egypt-based real estate holding in 1974.
Nigerian tycoon Wole Oshin to pocket $379,000 dividend from Custodian
The dividend will be paid from the company’s profit in the first half of the year.
Mansoor Al-Mahmoud-led QIA to invest $200 million in Airtel Africa’s mobile money business
The Qatar Investment Authority’s transaction values the mobile money business at $2.65 billion.
Moulay Elalamy leads Morocco to partner with Renault Group in billion-dollar deal
The 61-year-old businessman is the founder and owner of Saham Group.
Nigerian energy magnates Austin Avuru, ABC Orjiako to pocket $4.3-million Seplat dividend
Seplat Energy is the largest listed oil company on the Nigeria Exchange (NGX).
Ackerman family loses $71.5 million in 12 days as Pick n Pay shares fall to 20-week low
Shares in the retailer on the Johannesburg bourse have lost more than one-eighth of their value since May 31.
James Mworia-led Centum posts first full-year loss in 42 years
Centum Investment Company has declared a loss of $12.6 million at the end of its 2021 accounting year.
Family of late Kenyan industrialist Chris Kirubi to pocket $608,250 Centum dividend
The multimillionaire industrialist held a 30.08-percent stake in the leading investment group.
John Borshoff’s Deep Yellow to cancel 1.54 million shares due to unmet criteria
According to a notification on the Johannesburg Stock Exchange, the share buy-back program will occur on Aug. 13.
South African businessman Christoffel Wiese suffers $22.7-million loss as Tradehold shares tumble
The multimillion-dollar loss came off the back of a double-digit plunge in the share price of Tradehold.
Ade Adeyemi-led Ecobank Group posts $154 million in profits for H1 2021
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.
Egyptian tycoon Nassef Sawiris gains $478.7 million on back of positive analyst forecasts for Adidas
Adidas is the largest sportswear and sports equipment manufacturer in Europe.
Aliko Dangote earns $1.6 billion as Dangote Cement shares surge to 39-month high
Shares in the leading cement manufacturer have been on the rise since June 1.
Ethiopia-born billionaire Mohammed Al-Amoudi loses $1.42 billion in 67 days
The founder of Sweden’s largest oil refiner has seen his net worth fall from $8.76 billion to $7.31 billion.