Nigerian fertilizer mogul Thomas Etuh donates $500,000 hospital to rural community
Etuh is the founder of TAK Agro, the largest blender of fertilizers in Nigeria.
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Nigerian billionaire Femi Otedola sells his Transcorp stake to Tony Elumelu
Otedola has sold all his shares in Transcorp to Elumelu, the company’s largest shareholder.
Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
Aliko Dangote’s salt-processing firm delivers record profits in Q1 2023
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
Led by Tunisian Ben Yedder family, Ennakl posts $12 million in profit in 2022
The performance cements Ennakl’s position as one of Tunisia’s most profitable automobile retailers.
Abdelwaheb Ben Ayed’s Poulina Group surpasses $320 million in revenue in Q1 2023
Ben Ayed is one of the wealthiest investors on the Tunis Stock Exchange.
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Michiel Le Roux to pocket $20.12 million in dividends from Capitec
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.
Ugandan pharma tycoon Emmanuel Katongole’s stake in CiplaQCIL now worth $1.9 million
CiplaQCIL’s total assets have surpassed $64 million.
Kenyan tycoon John Kimani takes $3.2-million hit from Kakuzi stake
Despite the decrease in his stake, Kimani remains one of the richest investors on the Nairobi Securities Exchange.
Nigerian billionaires Adenuga, Otedola make waves with Transcorp stakes
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.