Moroccan mogul Alami Lazraq’s shares in real estate giant surge by $7.1 million
Alliances Developpement Immobiliere Ste SA’s shares have risen by 18 percent on the Casablanca Stock Exchange.
Greek multimillionaire John Coumantaros’ stake in Flour Mills of Nigeria gains $15.6 million in 158 days
The gains can be attributed to the company’s increased share price on the Nigeria Stock Exchange.
Zimbabwean businessman John Thomas Moxon’s stake in Meikles gains $4.1 million in 152 days
Meikles has a diverse portfolio of investments in hospitality, retail, supermarkets and financial services.
South African investor Martin Slabbert sells $135.36 million in properties in East Sussex and Scotland
Slabbert’s MAS Real Estate is a leading South African property investor listed on the JSE.
U.S. investor Jeffrey Stoops’ SBA Communications acquires Airtel’s tower operations in Tanzania
Airtel’s expansive tower portfolio will go for about $175 million.
Nassef Sawiris’ stake in Orascom Construction drops by $10 million in one month
The company’s share price on the Egyptian Stock Exchange lost six percent of its value since early May.
Equity Group Managing Director James Mwangi sees stake rise by $8.9 million
The surge follows a rise in the company’s shares on the Nairobi Stock Exchange.
Royal Family of Morocco’s stake in Attijariwafa Bank gains $275 million in 56 days
The bank’s share price has risen by about six percent since April 1.
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
South African billionaire Michiel Le Roux’s stake in Capitec Bank soars as shares surge on local bourse
The star banker’s ownership stake has surged by about $250 million since April 13.
Nigerian gambling magnate Kessington Adebutu, daughter pocket $1.22 million in Wema Bank dividends
Adebutu is expected to earn $1.05 million, while his daughter is on course to earn $169,965.
Botswana real estate tycoon Gulaam Abdoola to earn $672,000 from stake in Turnstar Holdings
Turnstar is a property loan stock company listed on the Botswana Stock Exchange since 2002.
Patrice Motsepe, Sanlam in talks to acquire Absa Group’s asset management arm
The deal would create one of South Africa’s biggest lenders.
Kirsan Ilyumzhinov: The charismatic Buddhist tycoon speaks on Africa
The Russian businessman, politician and chess chief says Africa is the “future of human civilization.”
Moi family of Kenya to pocket $380,000 Standard Chartered Bank dividend
The family of the late Kenyan President Daniel arap Moi will pocket $380,000 in dividends from Standard Chartered Bank.
Nigerian billionaire Abdulsamad Rabiu makes $2.4-million donation to University of Maiduguri
It is one of a handful of donations that the Abdul Samad Rabiu Africa Initiative is making to Nigerian universities.