Billionaire businessman Mohammed Al-Amoudi loses over $370 million in 62 days
The mogul controls valuable assets in Sweden, Saudi Arabia and Ethiopia, and is Ethiopia’s richest man.
Latest
Richest investor on Nairobi Stock Exchange Aga Khan IV loses nearly $10 million since start of 2022
Aga Khan IV remains the Nairobi Exchange’s richest investor, with a total portfolio worth of more than $105 million.
Nigerian businessman Olajide Omokore denies buying high-end cars and real estate for former petroleum minister
Omokore said his connection with Alison-Madueke was no more than professional.
South African billionaire Patrice Motsepe’s ARM posts $242 million in profit in H1 2022
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
Led by Alan Pullinger, FirstRand earnings surpass $1 billion in H1 2022
Pullinger’s beneficial 0.1-percent stake in FirstRand Limited is worth R387.2 million ($25.4 million).
Nigerian energy tycoon Austin Avuru to focus on family business following exit from Seplat
Avuru is the founder of AAH Holdings, a Lagos-based proprietary investment business.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $2.06 billion in revenue in 2021
Moustafa, who played a key role in the firm’s transformation, controls a 43.16-percent stake in the conglomerate.
Nigerian banker Jim Ovia looks set to receive $34.1 million in Zenith Bank dividends
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
Africa’s richest man Aliko Dangote to earn $704 million in dividends from cement company
Dangote Cement is Africa’s largest cement producer.
South Africa’s richest man Johann Rupert loses $1.23 billion due to Russian invasion
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
Ramachandran Ottapathu’s Far Property posts $4.34 million in profit in H1 2022
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.
Energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
Egyptian auto tycoon Raouf Ghabbour’s GB Auto posts $117.6 million in profits in 2021
Ghabbour launched GB Auto in 1985 as an Egyptian producer of automobiles, buses, lorries and motorbikes.
Nigerian banking tycoon Jim Ovia’s Zenith Bank earns $587.8 million in profit
Zenith Bank is Nigeria’s most profitable bank and the largest listed financial services group with a valuation of $2.04 billion.
Namibian tycoon Koos Brandt’s Capricorn Group posts $37.9 million in profit in H1 2022
Capricorn Group is a financial services conglomerate with businesses in banking, micro-lending, property development.
Aliko Dangote’s cement company posts all-time high sales; profits exceed $870 million in 2021
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.