Stake of Egypt’s Khamis family in Oriental Weavers gains $46.80 million
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.
South African billionaire Koos Bekker’s net worth declines by $100 million as investors react to Prosus share purchase plans
Bekker is the chairman of Naspers.
Nigerian banker Herbert Wigwe’s stake in Access Bank gains $4.05 million in 43 days
An uptick in the bank’s share price steered the increase in his stake’s market value.
A blitz interview with Mohammad Al Duaij, a scion of one of Kuwait’s most prominent dynasties
Al Duaij is the CEO of Alea Global Group.
South African billionaire Patrice Motsepe’s Alexander Forbes Group hunts for new deals
The company is on the hunt for new acquisitions in a bid to build out its employee benefits offering.
Group Vice President Ebenezer Asante sees stake in MTN Ghana rise by $330,000
The gains were triggered by a surge in the company’s shares on the Ghana Stock Exchange amid renewed investor interest.
Storied Kenyan tycoon Chris Kirubi passes away at 80
According to a statement published by the businessman’s family, Kirubi died at his home in Nairobi at 1 pm.
Shipping mogul Victor Odili to earn $11.5 million in dividends from MTN Nigeria
Odili holds a 3.96-percent stake in the company.
Shares of Kenyan investment banker Jimnah Mbaru in Britam gain $1 million
The gains are the result of an upward trend in the group’s shares on the Nairobi Stock Exchange.
CEO Alan Pullinger’s stake in FirstRand gains $650,000 amid high investor expectations
The bank’s earnings are expected to rise by at least 35 percent in the year through June.
Mombasa-based Babla family sees stake in KCB surge by $3.7 million in 128 days
The uptick in market value follows a rise in the company’s share price on the Nairobi Stock Exchange.
Africa’s wealthiest man Aliko Dangote gains $300 million as shares in Dangote Cement rise
The share price increased from $0.51 (N212.00) on June 1 to $0.54 (N221.50) at close of market today.
Nigerian investor Temitope Lawani to pocket $802,000 in dividends from Vivo Energy Plc
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.