Moroccan billionaire Othman Benjelloun has now lost $200 million since start of 2022
Benjelloun, one of Africa’s richest billionaires, has a net worth of $2 billion.
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Kenyan banking magnate Jimnah Mbaru loses $1.7 million from Britam stake
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Africa’s wealthiest man, billionaire Aliko Dangote loses $700 million in 10 days
But with his fortune of $20.3 billion, he remains Africa’s richest man.
Moroccan billionaire Aziz Akhannouch’s net worth slumps by $200 million since start of 2022
Akhannouch has a fortune of $2 billion.
Egyptian auto tycoon Raouf Ghabbour’s GB Auto approves capital reduction via treasury share cancelation
Raouf and Nader Ghabbour, and other members of the wealthy Ghabbour family, own 62.9 percent of the leading automaker.
South African businessman Barry Swartzberg pledges $52 million in shares as security for $12.2-million obligation
Swartzberg is prohibited from selling the pledged shares.
Nigerian billionaire Femi Otedola dumps shares in FBHN worth $17.8 million
The transaction is expected to have an impact on Otedola’s dividend earnings.
Led by Herbert Wigwe, Access Bank acquires Kenya’s Sidian Bank
The deal is worth Ksh 4.3 billion ($36.7 million).
Bank of Uganda takes interest in $10-million loan dispute between Patrick Bitature, Vantage Capital
Bitature is the founder, chairman, and group CEO of Simba Group, an East African conglomerate.
South African mogul Adrian Gore’s Discovery Limited launches private firefighting service
Gore owns a sizable 7.48-percent stake in the Sandton-based company.
Wealthy South African Ackerman family receives $15 million in Pick n Pay dividends
The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
Nigerian tech tycoon Mitchell Elegbe’s Interswitch to start paying allowances to employee spouses
Interswitch did not specify how much it will pay or the range of pay.
Dutch-Nigerian tycoon Cornelius Vink-linked Titan Trust Bank secures $300 million from Afreximbank
Titan Trust Bank is one of many subsidiaries of Tropical Genera Investment Group.
Led by Egyptian exec Karim Awad, EFG Hermes issues $26.8-million bond
The bond has a credit rating of “A-” from Middle East Ratings and Investor Services.
South African billionaire Michiel Le Roux gains $135 million in 35 days, net worth nears $2 billion
Le Roux owns 11.41 percent of the leading banking group.