Stake of Nigerian multimillionaire banker Jim Ovia in Zenith gains $35.14 million in 80 days
The leading tier-1 Nigerian bank, a top-500 bank globally, posted resilient results in Q1 2021.
Kenyan businessman Baloobhai Patel earns $424,600 from stake in Absa Bank Kenya in 84 days
Absa Bank Kenya is a leading bank in Kenya and an operating subsidiary of Absa Group Limited.
Ghanaian mogul Daniel Ofori earns $834,020 in dividends from stake in Ghana Commercial Bank
Ghana Commercial Bank is one of the largest banks in Ghana in terms of total operating assets.
Multimillionaire Mauritian Lagasse family gains $12.61 million from joint stake in IBL Limited
IBL is a world-class diversified conglomerate based in Mauritius.
Tycoon Egide Gatera acquires six-percent stake in Rwanda’s second-largest bank, I&M Rwanda
Gatera is a renowned investor with experience in the local and regional business ecosystem.
Stake of billionaire Strive Masiyiwa in Econet Wireless Zimbabwe Limited worth $121.13 million
Masiyiwa owns a total 52.85-percent equity stake in the publicly-traded company.
Stake of Ghanaian serial investor Patrick Kingsley-Nyinah in Ghana Oil Company now worth $4.48 million
GOIL is a state-owned oil and gas marketing company and Ghana’s only indigenous petroleum marketing firm.
Kenyan businessmen Joe Wanjui and James Muguiyi sell UAP shares worth a total of $29.6 million
The transaction raised Old Mutual Holdings’ stake in UAP from 60.7 to 66.7 percent.
Malawian banking tycoon Hitesh Anadkat earns $764,000 from stake in Letshego Holdings
The $764,000-gain can be linked to a rise in the market value of Anadkat’s stake in Letshego Holdings.
Stake of Hyundai Automotive South Africa CEO Niall Lynch in Motus declines by $7.55 million
The $7.55-million loss came off the back of a sell-down in the company’s share.
Stake of Egyptian businessman Safwan Thabet in Juhayna Food Industries gains $44.42 million
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.
Indian angel investor, Unbound Founder Shravin Mittal loses $101.78 million in 76 days in Airtel Africa
The loss occurred as investors repriced shares after new SIM registration regulations were introduced in Nigeria.
Kenyan banking tycoon Suresh Bhagwanji Shah loses $4 million as I&M Holdings shares dip
The decline occurred as investors sold down the bank’s shares, leading to a double-digit dip in the share price.
Nigerian gambling magnate Kessington Adebutu earns $6.59 million in 23 days from stake in Wema Bank
Shares in the bank have surged by 45 percent since June 21, as bargain hunters continue to acquire stakes in the bank.
South Africa’s Oppenheimer family to earn $990,552 in dividends from UK-based IDH
IDH is a leading healthcare provider with an operational footprint in the Middle East and Africa.