Kevin Okyere’s Springfield triumphs over Italian major ENI in court ruling over disputed oilfield revenues
Okyere welcomed the ruling as a “vindication of Springfield’s position.”
Ugandan tycoon Ham Kiggundu donates $150,000 to COVID-19 fight
Kiggundu presented the funds to Uganda’s newly appointed Prime Minister Robinah Nabbanja on Friday.
Swazi billionaire Nathan Kirsch’s Skyscraper Tower 42 doubles in value
In December 2011, Kirsch Group paid £238 million to acquire the 42-story building and surrounding units.
South African real estate moguls Martin Slabbert and Victor Semionov see stakes gain $21.099 million
The gains can be attributed to the recent surge in the company’s shares back to pre-pandemic levels.
Kenyan tycoon Naushad Merali passes away at age of 70
Merali died at 5:00 AM this morning while undergoing treatment for an undisclosed ailment at the Nairobi Hospital.
Moroccan real estate mogul Alami Lazraq gains $12.969 million from stake in ADI
Founded in 1994 by Lazraq, ADI is one of the largest home and hotel builders in Morocco.
Tony Elumelu’s stake in Transcorp Plc gains $224,993 in 93 days
Elumelu is the chairman of Heirs Holdings, the United Bank for Africa and Transcorp.
Namibia’s Tromp family to earn $467,194 in dividends from Nictus Holdings
The diversified investment holding operates the General Motors franchise in Namibia.
Stake of Tanzania’s Rajabali brothers in CRDB Bank gains $1.88 million in 61 days
CRDB Bank is the largest wholly-owned private financial services group in Tanzania.
Greek-Nigerian mogul John Coumantaros to pocket $10.43 million in dividends from Flour Mills of Nigeria
The company is Nigeria’s market leader in flour marketing and production.
Stake of Moroccan venture capitalist and politician Adil Douiri in Mutandis drops by $1.76 million in 15 days
The loss can be attributed to a decline in the Mutandis share price.
Billionaire industrialist Abdul Samad Rabiu sells shares in BUA Cement worth $4.69 million in May
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.
Stake of banking executive Gideon Muriuki in Kenya’s Co-operative Bank gains $981,331 in 27 days
Co-operative Bank of Kenya operates across East Africa.
Nigerian businessman Umaru Abdul Mutallab to pocket $291,908 in dividends from stake in Jaiz Bank
Jaiz Bank is Nigeria’s first non-interest bank operating under Islamic banking principles.
Ethiopia-born billionaire Mohammed Al-Amoudi’s net worth declines by $850 million in 53 days
Al-Amoudi’s net worth has dropped from $7.56 billion to $7.54 billion since the start of the year.
Stake of Kenyan banker James Mwangi in Equity Group gains $7.71 million in 83 days
The gains can be linked to the group’s better-than-expected financial results for Q1 2021.