Femi Otedola’s Geregu Power returns $170.1 million in gains 56 days after listing on NGX
Otedola owns 80 percent of Geregu Power.
Latest
Tyler Perry signs deal with Amazon Studios to make four new movies
At the time of writing, Perry’s net worth was estimated to be $1 billion.
Nigerian mogul Ben Murray-Bruce’s Silverbird seals deal to build West Africa’s largest film studio
Silverbird Group is a leading multimedia company.
Zimbabwean billionaire Strive Masiyiwa’s ADC to build its first data center in Rwanda
ADC is an affiliate of Cassava Technologies.
Moroccan tycoon Hassane Amor has now lost $23.6 million since start of 2022
Amor owns a 56.17-percent stake in Microdata.
South African exec Gus Attridge loses $10 million in 13 days from stake in Aspen Pharmacare
Attridge owns a 4.26-percent stake in the company.
South African tycoon Stephen Brookes’ Balwin Properties returns $14.6 million to shareholders
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.
Abidjan-based entrepreneur Hassan Bourgi’s Djamo secures $14 million from investors
Djamo was founded in 2019.
Controlled by Kenya’s richest families, NCBA Group eyes entry in Ethiopia, DRC, Ghana
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Africa’s richest man Aliko Dangote plans 300,000 jobs for Nigerians
Dangote Group is poised to cement its position as the second-largest employer of labor in Nigeria.
Ghanaian tycoon Joseph Agyepong’s Jospong Group signs MoU to boost rice production
JGC is one of Ghana’s most diversified holding companies.
One of Malawi’s richest men, Hitesh Anadkat gains $9 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Nigeria’s second-richest man Abdul Samad Rabiu sees net worth surpass $7 billion
Rabiu’s net worth increased from $5.6 billion to $7 billion in less than a month.
South African billionaire Koos Bekker gains $175 million in one month
Bekker owns a 0.86-percent stake in Amsterdam-based investment group, Prosus NV.
Swazi billionaire Natie Kirsh’s net worth gains $740 million in 41 days
Kirsh’s year-to-date wealth loss is $379 million.
Egyptian entrepreneur Mohamed Azab’s Grinta secures $8 million in seed funding round
Azab said the startup is excited to have the right investor base that shares its values and vision.