Billionaire Royal Family of Morocco loses $270 million from stake in Attijariwafa Bank
The Alaouite Royal Family owns a 45.3-percent stake in Attijariwafa Bank.
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Namibia’s richest investor Quinton van Rooyen loses $24 million from stake in Trustco Group
His net worth increased by $29 million in the first week of 2022.
Nicky Oppenheimer unseats PayPal Co-Founder Peter Thiel, after making $600 million in 93 days
Despite the global impact of the Russia-Ukraine crisis, the South African’s wealth has risen from $7.95 billion to $8.55 billion.
Malawian tycoon Hitesh Anadkat eyes $500K in Letshego dividends in May
Anadkat also owns stakes in Malawi’s first telecom company, Telekom Networks Malawi, and its first bank.
South Africa’s richest man Johann Rupert loses $1 billion in Q1 2022
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
Nigerian gambling magnate Kessington Adebutu, daughter to pocket $2.4 million in Wema Bank dividends
Kessington Adebutu is the founder and CEO of Premier Lotto Limited, Nigeria’s oldest and largest gaming company.
One of Kenya’s richest investors, James Mwangi, loses $4 million from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
South African businessman Saki Macozoma joins Mondi Plc as non-executive director
The South African businessman is expected to join the multinational packaging and paper group’s audit and nominations committees.
South Africa-based businessman Loucas Pouroulis’ Tharisa Plc takes control of Zimbabwe’s Karo platinum project
The Pouroulis-led mining group increased its stake in Karo from 26.8 percent to 66.3 percent in an all-share deal worth $27 million.
Africa’s richest man Aliko Dangote gains $915 million in Q1 2022
Dangote’s net worth surpassed the $20-billion valuation in the first three months of 2021.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l opens office in Bissau
CBI’s market capitalization is now $540 million.
Egyptian billionaire Nassef Sawiris recovers from deficits as net worth exceeds $6.6 billion
With a total net worth of over $6.6 billion, Sawiris remains the richest man in Egypt and the 389th richest man in the world.
Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
Strive Masiyiwa’s Liquid Intelligent acquires fiber pair on Google’s Equiano subsea cable
Liquid Intelligent Technologies is a pan-African technology group.
Kenyan businessman Joshua Oigara’s KCB Group receives approval to merge Rwandan units
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.