Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Tunisian tycoon Moncef Mzabi gains $6.6 million from stake in automobile retailer
Mzabi, now the chairman of the Tunisian automobile retailer, owns 24.5 percent of the company, or 9,370,387 ordinary shares.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
Ralph Mupita-led MTN Group to sell stake in $5.2-billion fintech unit to Mastercard
Under the leadership of Zimbabwean executive Ralph Mupita, MTN Group has solidified its position as Africa’s largest telecom services provider.
High court freezes assets of Nigerian energy billionaire Ambrosie Bryant Orjiako
Orjiako owns a significant 6.4-percent stake in Seplat Energy Plc, one of Nigeria’s largest energy companies.
Egyptian tycoon Ahmed Ezz gains $69 million within three weeks
Ezz owns 60.7 percent of Ezz Steel, making him one of the richest investors on the Egyptian Exchange and one of Egypt’s wealthiest men.
Tunisian tycoon Mehdi Tamarziste suffers $3-million loss in 114 days
Despite the recent slump in the market value of his stake, Tamarziste remains one of the country’s richest businessmen.
Namibian mogul Koos Brandt gains $3 million from Capricorn Group stake
Brandt is the largest individual shareholder in Capricorn Group.
Kenyan tycoon Edward Kirathe’s Acorn plans expansion for student hostels in Nairobi
Kirathe’s influence in Kenya’s real estate sector spans 25 years, making him a prominent figure in the East African real estate domain.
Egyptian billionaire Yasseen Mansour loses $1.5 million from stake in real estate firm
Mansour owns a substantial 6.87-percent stake in Palm Hills Development, or 202,291,698 ordinary shares.
Ugandan tycoon Charles Mbire suffers $2.4-million loss from MTN Uganda stake
The market value of Mbire’s 3.99-percent stake in MTN Uganda has declined $43.89 million on Jan. 1 to $41.45 million.
Kenyan tycoon Ahmed Hashi’s Hashi Energy set for auction over $35-million debt
Founded in 1991 by Hashi and his wife, Fatuma, Hashi Energy’s operations have expanded significantly over the past three decades.
Genocide survivors target $50-million estate of Rwandan mogul Felicien Kabuga
The group is seeking to freeze Kabuga’s properties, estimated to be worth $50 million at the time of his arrest in Paris in 2020.
Dangote’s half-brother Sayyu Dantata’s oil firm posts $3-million half-year profit
Dantata, a multimillionaire businessman and half-brother of Nigerian billionaire Aliko Dangote, is the majority owner of MRS Oil Nigeria.
Greek tycoon John Coumantaros faces $18.9-million loss from Flour Mills shares
Coumantaros, a Greek business magnate is among the richest industrialists on the Nigerian Exchange.
African-American mogul Sheila Johnson’s luxurious resort undergoes rebranding
The rebranding effort is poised to reinforce the resort’s position under Salamander Collection, a hospitality management company.