Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
Influential Egyptian Mahmoud family gains $67.79 million from joint stake in MM Group in 77 days
The gains came off the back of a rise in the company’s share price.
Tunisian tycoon Moncef Sellami loses $3.49 million as OneTech shares retreat from nine-month high
OneTech is a Tunisia-based industrial player operating in the automotive, energy and industrial sectors.
Stake of South African senior executive Josua Malherbe in Remgro gains $1.51 million
Remgro is an investment holding founded by the South African Rupert family in the 1940s.
Stake of Egypt’s Elsewedy family in Elsewedy Electric falls by $162.21 million since early 2021
Elsewedy Electric is an Egypt-based joint-stock company established by the Elsewedy family in 1938.
Namibian tycoon Quinton van Rooyen sees $166.45-million loss as Trustco shares lose half their value
The $167.92-million loss can be linked to a sell-off in the shares of the investment holding.
Stake of banking tycoon James Ndegwa in NCBA Group gains $626,418 in 10 days
The gains occurred on the back of a rise in the company’s share price.
Stake of Zimbabwean mogul John Moxon gains $1.7 million as investors bid Meikles shares to all-time high
Meikles has seen its share price surge by 30 percent in 37 days.
Shares of Herbert Wigwe’s Access Bank are up by $82 million following South Africa unit launch
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
Stake of Namibian financial services tycoon Koos Brandt in Capricorn Group gains $18.75 million
Earlier this year, shares in Capricorn fell sharply on the Namibian Stock Exchange.
Equity stake of Babla family in Kenya Commercial Bank now worth $22.3 million
The family, who relocated to Kenya from Tanzania in 1936, is a leading investor in KCB Group.
Billionaires.Africa Ranking: The 20 richest investors on the Nigerian Stock Exchange (NGX)
These UHNWIs have amassed staggering wealth through their positions in their own and other companies.
South Africa’s second richest man Nicky Oppenheimer earns $150 million in 16 days
The gains translate to an average profit of $9.375 million daily for the billionaire investor.
Market capitalization of Adonis Pouroulis’ Chariot is on the rise
Its market capitalization has gained $7.33 million after raising $16.5 million by issuing new ordinary shares.
Africa’s wealthiest billionaire Aliko Dangote earns $700 million in 34 days
Bloomberg revealed that his wealth rose from $16.7 billion to $17.40 billion from June 1 to July 5.
Egyptian real estate mogul Hisham Talaat Moustafa’s stake in TMG Holding gains $50.43 million
The group’s shares have risen after reports that it posted net profits of $28.48 million in Q1 2021.