Nigeria’s second-richest man Abdul Samad Rabiu’s BUA Group hits back at Aliko Dangote
Rabiu’s BUA Group counters Dangote’s accusations with a history of perseverance.
Bob van Dijk, former CEO of Africa’s largest company, suffers $9-million loss in 57 days
Van Dijk, former CEO of Africa’s biggest company, suffers $9-million loss in 57 days.
Egyptian billionaire Yasseen Mansour rakes in $4.4 million from real estate firm
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
South African tycoon Adrian Gore gains $21 million from investment in Discovery
As the founder of the leading financial services group, Gore owns a 12.96-percent stake in Discovery, which amounts to 87,267,598 ordinary shares.
South African exec Terence Sibiya earns $1.1-million salary from Nedbank in 2022
Sibiya was appointed Nedbank’s managing executive for the rest of Africa in 2018, and, in 2020, he joined the group executive committee.
Kenyan tycoon James Mwangi earns $1.4-million salary from Equity Group
Mwangi has played a key role in Equity Group’s expansion over the years, leading the expansion of the lender’s operations into multiple countries.
Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
South African tycoon Stephen Brookes loses $1.8-million from Balwin stake
This significant downturn in Brookes’ stake underscores the challenges faced by Balwin Properties and its largest shareholder amidst the market turbulence.
South African banker Jacques Celliers’ salary at FirstRand amounts to $2.4 million in 2023
Since assuming the mantle of FNB CEO, Celliers has made significant contributions through his leadership of the First National Bank segment.
South African banker Laurie Dippenaar loses $24 million from FirstRand shares
Dippenaar’s 1.76-percent stake in FirstRand is now worth $316.9 million.
Egypt’s richest man Nassef Sawiris loses nearly $500 million in 9 days
As a result of this recent $470 million decline, Sawiris, who ranks as the richest man in Egypt and the Arab world, is presently the 322nd wealthiest individual globally.
Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
Oil firm of Dangote’s half-brother Sayyu Dantata posts 9M revenue exceeding $120 million
Dantata, a multimillionaire businessman and the majority stakeholder in MRS Oil Nigeria, owns 60 percent of the company, or 205,730,806 ordinary shares.
Nigerian billionaire Mike Adenuga-linked Julius Berger posts revenue exceeding $410 million
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
Greek businessman John Coumantaros loses $10 million from Flour Mills stake
Coumantaros, ranked as one of the richest investors on the Nigerian Exchange, holds a 63.34 percent stake in Flour Mills of Nigeria.
Nigerian tycoon Tony Elumelu’s Transcorp records 9M revenue exceeding $150 million
Elumelu, through his investment firm HH Capital, holds a 29.5-percent stake in Transcorp, or 11,990,957,350 ordinary shares.