Egypt’s richest man Nassef Sawiris loses $620 million in September amid stock market sell-off
Despite a multimillion-dollar drop in his net worth, Sawiris remains Egypt’s wealthiest man.
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Ghana’s richest investor Daniel Ofori has now lost nearly $10 million from stake in GCB Bank
Ofori, the wealthiest shareholder on the Ghana Stock Exchange, owns 7.49 percent of GCB Bank.
Nigerian billionaire Femi Otedola’s power company eyes $579-million market cap
The company has an implied valuation of $579 million.
Moroccan PM Aziz Akhannouch has now lost $400 million since start of 2022
Akhannouch’s net worth has fallen by $400 million since the start of 2022.
Led by Egyptian banker Karim Awad, EFG Hermes concludes advisory to $102.4-million bond program
Under Awad, EFG Hermes’ assets have risen to more than $2.7 billion.
South African billionaire Michiel Le Roux to pocket $10.2 million in interim dividends from Capitec Bank
Through his stake in Capitec Bank, Le Roux ranks as one of South Africa’s richest men.
Africa’s richest man Aliko Dangote loses $400 million in September
His net worth plunged from $19.1 billion at the start of the month to $18.7 billion.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth slumps by $520 million in September
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
South African businesswoman Noluthando Gosa loses $7.8 million in nine weeks
Gosa has a beneficial 6.15-percent stake in the Gauteng-based steelmaker.
Tanzanian investor Hans Macha has gained nearly $1.5 million since beginning of 2022
Macha owns a total 1.9-percent stake in CRDB Bank.
Serena Williams’ VC firm leads $12.3-million investment in Ugandan fintech startup, Numida
Through Serena Ventures, Williams has invested in more than 60 startups.
Portuguese telecom group Sonaecom ends partnership with Angolan billionaire Isabel dos Santos
Dos Santos is the daughter of Angola’s former president.
South African billionaire banker Michiel Le Roux’s Capitec posts over $255 million in profit in H1 2022
Le Roux owns a sizable 11.41-percent stake in Capitec Bank.
Egyptian steel tycoon Ahmed Ezz gains $55.4 million from stake in Ezz Steel
Ezz owns 60.7 percent of the company.
Namibian tycoon Koos Brandt’s Capricorn Group spends nearly $1 million on charity
This represents 1.3 percent of the group’s profit after tax for the period under review.
Kenyan media mogul John Kimani acquires additional $1.4-million stake in Kakuzi
Kimani recently received approval to increase his ownership to just under 40 percent.