Egyptian tycoon Hani Berzi makes $7.7 million from Edita Foods in just 11 days
The single-digit percent surge in share price has propelled the market value of Berzi’s stake in Edita Food by EGP370.05 million ($7.78 million).
Egyptian billionaire Yasseen Mansour gains $1.8 million from Palm Hills stake
This significant increase reinforces Mansour’s position as one of Egypt’s and Africa’s billionaires, solidifying his position among the continent’s financial elites.
Tunisian tycoon Habib Essayeh suffers $1.3-million loss from Euro-Cycles shares
With a 33.6-percent stake in Euro-Cycles, equivalent to 3,293,136 ordinary shares, Essayeh stands as one of the most affluent investors on the Tunis Stock Exchange.
South African tycoon Jonathan Jawno gains $7.9 million from Transaction Capital stake
This recent uptick follows a period of steady gains for Jawno, during which his holdings in Transaction Capital rose by $7.7 million between Feb. 12 and March 18.
Nigerian billionaire Femi Otedola’s power company rakes in $40-million revenue in Q1 2024
The remarkable feat follows the company’s strong financial performance in 2023, where revenue surpassed the $90 million mark
Egyptian billionaire Ghabbour family loses $21.5 million in 19 days
The Ghabbour family’s stake has lost EGP1.02 billion ($21.54 million) in the last 19 days, pushing the market value of their holdings below the $170-million mark.
Nigerian entrepreneur Funke Opeke’s MainOne set to elevate connectivity in South-South Nigeria
This strategic move follows MainOne’s recent accomplishment of landing the 45,000-kilometer 2Africa subsea cable system at Qua Iboe Beach in Akwa Ibom.
Moroccan tycoon Lamia Tazi’s Sothema stake slumps below $60 million
Despite the recent decline in her fortune, the Moroccan executive remains among the affluent investors on the Casablanca bourse.
Egyptian tycoon Hisham Talaat Moustafa suffers $180-million loss in 26 days
Moustafa holds a controlling stake of 43.16 percent in the group, representing 890,633,483 ordinary shares.
Egyptian tycoon Safwan Thabet’s Juhayna records $340-million revenue in 2023
Juhayna’s exceptional financial results for 2023 highlight its resilience in navigating the dynamic landscape of the fast-moving consumer goods industry in North Africa.
Nigerian billionaire Abdul Samad Rabiu leads educational advancement with ASR Africa Initiative
ASR Africa has initiated the construction of a state-of-the-art administrative block and conference room at Al-Qalam University in Katsina State, Nigeria.
America’s second-richest Black billionaire loses $200 million in 13 days
David Steward, a prominent figure in the tech industry who currently ranks as America’s second-wealthiest Black individual, has encountered a substantial setback…
South African tycoon Stephen Brookes faces $2-million loss from Balwin stake
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.
Egyptian billionaire Elsewedy family’s foundation set to skill up 20,000 students
Established in 2011, the Elsewedy Technical Academy has been dedicated to providing high-quality technical education in line with global standards.
Tunisian tycoon Abdelwaheb Ben Ayed gains $2.9 million from Poulina stake
The $2.87-million surge in the market value of his holding solidifies Ben Ayed’s status as one of the wealthiest investors on the Tunis Stock Exchange.
Nigerian tycoon Tony Elumelu-linked power company posts revenue exceeding $100 million in 2023
The surge in the company’s revenue led to a significant 74.9-percent jump in profit, reaching N30.23 billion ($23.15 million) at the end of 2023.