Moroccan businesswoman Lamia Tazi loses nearly $11 million in 2 months
Tazi is one of the most affluent investors on the Casablanca Stock Exchange.
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Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Herbert Wigwe splashes $24.6 million to boost stake in Access Holdings
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Nigerian media mogul Nduka Obaigbena donates $2.2 million to University
Obaigbena is the highly influential founder of THISDAY newspapers and ARISE News Channel.
Nicky Oppenheimer’s net worth surges above $700 million in 2023
The recent increase in Oppenheimer’s net worth builds on his gains in 2022 when his net worth increased by $75 million.
Kenyan tycoon Benson Wairegi loses $2.6 million in eight months
Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
U.S. court orders disgraced South African tycoon to pay $3.4 billion for forex fraud
The alleged victims include about 23,000 people from the United States — more than 1,300 of whom are from Texas.
Oprah Winfrey, the world’s richest Black woman, invests in German Skincare brand
Oprah is the world’s richest Black woman.
Ghanaian multimillionaire Joseph Siaw Agyepong secures $33 million for rice production
Agyepong is the founder of Jospong Group, one of Ghana’s largest conglomerates.
Kenyan multi-millionaire Mohammed Jaffer launches grain-handling and storage terminal in Nairobi
Jaffer’s company is one of Kenya’s largest largest providers of cargo handling services.
Burkina Faso’s richest man Mahamadou Bonkoungou launches Airline
Mahamadou Bonkoungou, Burkina Faso’s richest man, is the founder of the EBOMAF Group
Aliko Dangote’s cement company records $237.8 million profit in Q1 2023
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Abdul Samad Rabiu’s BUA Cement firm posts lower earnings; profits slump below $60 million
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Kenyan healthcare tycoon Julius Mwale to expand hospital business to Botswana
Mwale is the founder of Mwale Medical and Technology City and Hamptons Hospital.