Billionaire Aziz Akhannouch to leave office as Morocco names first woman prime minister
Morocco's king named Fatima Ezzahra El Mansouri prime minister, ending the five-year premiership of billionaire fuel tycoon Aziz Akhannouch after his party lost.
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Nigerian billionaire Jim Ovia gains $144 million on Zenith Bank shares in third quarter
Jim Ovia's Zenith Bank stake rose $144 million in the third quarter as the lender's shares climbed 27.6% on the Nigerian Exchange.
Egyptian billionaire Ahmed Elsewedy gains $174 million in Q3 as Elsewedy Electric shares climb
Ahmed Elsewedy's stake in El Sewedy Electric rose $174 million in the third quarter as the Egyptian cable maker's shares climbed 25.6%.
Kenyan banker James Mwangi gains $23 million on Equity Group shares in third quarter
James Mwangi's Equity Group stake rose $23.2 million in the third quarter after the Kenyan lender posted a record first-half profit.
Kenyan banker Titus Muya gains $12 million as Family Bank shares climb after listing
Titus Muya's Family Bank stake rose $12 million in the third quarter, the Kenyan lender's first full quarter as a listed company.
Nigerian businessman Fola Adeola gains $55 million on Aradel shares in third quarter
GTBank co-founder Fola Adeola's Aradel stake rose $54.7 million in the third quarter as Nigerian oil producers rallied on high crude prices.
Gabonese billionaire Samuel Dossou-Aworet gains $430 million in Q3 as Seplat and Aradel shares surge
Samuel Dossou-Aworet's stakes in Seplat Energy and Aradel Holdings rose $430 million in the third quarter as Nigerian oil stocks rallied.
Kenyan banker Suresh Bhagwanji Shah gains $18 million in Q3 as I&M Group shares hit a record
Suresh Shah's I&M Group stake rose $18.2 million in the third quarter as the Kenyan lender's shares climbed to a record high.
Malawian billionaires Thom Mpinganjira and Hitesh Anadkat lose $134 million in Q3 as bank shares fall
Thom Mpinganjira and Hitesh Anadkat lost a combined $134 million in the third quarter as FDH Bank and FMB Capital shares fell.
South African billionaire Piet Mouton loses $130 million on Capitec shares in third quarter
Piet Mouton's Capitec stake lost $130 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
Nigerian billionaire Femi Otedola gained $815 million in Q3 as First HoldCo shares nearly tripled
Femi Otedola gained about $815 million in the third quarter as First HoldCo shares rose 180% while he spent 351 billion naira on more stock.
Billionaire Aliko Dangote gained $2.3 billion in 3rd quarter, excluding refinery revaluation
A 19.7% rally in Dangote Cement lifted Aliko Dangote's listed stakes by $2.31 billion in the third quarter, separate from Forbes' refinery revaluation.
South African billionaire Jannie Mouton loses $115 million on Capitec shares in third quarter
PSG founder Jannie Mouton's Capitec stake lost $115 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
Former Nigerian President Goodluck Jonathan praises Azikel's $1 billion refinery
Goodluck Jonathan toured Eruani Azibapu's $1 billion Azikel refinery in Bayelsa, backed by Afreximbank and AFC, calling it a hub for Niger Delta industry.
Nigerian billionaire Tony Elumelu buys 6 million more Seplat shares, lifting stake to 21%
Tony Elumelu bought 6 million more Seplat shares through Heirs Energies, raising his combined stake in the Nigerian oil producer to 21.07%.
Zimbabwean luxury jeweler Alexander Mavros ventures into hospitality
The family behind luxury jeweler Patrick Mavros has opened The Palm Club in Harare and is eyeing more sites in Zimbabwe and Cape Town.