Femi Otedola drives parent firm of Nigeria’s oldest bank to $16 billion in assets
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Despite revenue gains, net profit fell 18.64% to N8.96 billion ($5.45 million) due to rising costs.
This is part of a broader strategy to combat the ongoing energy shortages that have long plagued the nation.
This decline follows a previous gain of $89.6 million recorded between Sept. 16 and 29, when Moustafa’s stake rose from $1.25 billion to $1.33 billion.
Umeoji holds 91,710,123 shares in Zenith Bank, including 90 million directly and 1,710,123 through Palais Vendome Limited.
Mansour, who serves as chairman of Palm Hills Developments, holds a 10.83 percent stake in the company, representing 318,574,726 shares.
This funding will elevate the company’s digital payment and banking capabilities, reinforcing its commitment to revolutionizing financial services across Africa.
FBN Holdings posts robust financial results as profit surges 125 percent under Femi Otedola’s leadership.
Tony Elumelu, chairman of Transcorp Group.
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.