Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a significant 6.43-percent and 8.2-percent stake in the leading energy firm, respectively.
Egyptian businessman Hassan Allam’s company joins subcontractors in El-Dabaa nuclear plant construction
Hassan Allam Holding is one of the largest privately held enterprises in Egypt, the Middle East, and North Africa.
Nassef Sawiris gains $7 million in July, recoups only fraction of June $600-million loss
Sawiris sits on the boards of Adidas and OCI N.V.
Billionaire Royal Family of Morocco loses $592 million from stake in Attijariwafa Bank
However, the Alaouite Royal Family remains Morocco’s wealthiest family.
Billionaire Femi Otedola’s Geregu Power completes $96.3-million bond issuance
Under Otedola, Geregu has grown into one of Nigeria’s largest power-generating enterprises.
Moroccan tech tycoon Karim Benjelloun’s Disway reports $95 million in revenue in H1 2022
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.
Swazi billionaire Natie Kirsh’s net worth increases by $430 million in 35 days
The bump in his net worth is due to an increase in the valuation of his stake in Jetro Holdings.
Aliko Dangote’s salt-processing business NASCON records more than $3.7 million in profit in H1 2022
NASCON is a subsidiary of Dangote Group.
Kenya’s Kirubi family to pocket $1.02-million dividend from stake in Centum Investment
The million-dollar dividend will be deposited into the family’s bank account at a later date.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $147.7 million in profit in H1 2022
The double-digit rise in earnings was driven by increased revenue from $299.3 million to $454.1 million.
Nigerian billionaire Aliko Dangote urges government to complete OB3 Pipeline
His group recently completed a bond issuance to fund the completion of the $19-billion Dangote Oil Refinery.
Nigerian billionaire Abdul Samad Rabiu unveils $3-million development initiative for Niger
Rabiu, Africa’s fifth-richest man, is presently worth $6.3 billion, according to Forbes.
Africa’s richest man Aliko Dangote loses $1.1 billion in two months as Dangote Cement shares fall
Dangote’s net worth is still up by $832 million this year.
Nigerian billionaire Abdul Samad Rabiu receives $208 million in dividends from cement business
Rabiu is also on track to earn another $151.66 million in dividends from his newly consolidated food business, BUA Foods.
Sudanese fintech founder Ahmed Ismail’s Bloom secures $6.5 million in seed funding
Visa joined the round and, in doing so, hopes to increase its card adoption in Sudan and East Africa.
Egyptian businessman Medhat Khalil loses $42 million in 15 weeks from stake in Raya Holding
Raya Holding is an Egyptian investment conglomerate formed in 1999.