Zimbabwean tycoon John Moxon’s Meikles posts $5.08 million in H1 profits, declares first interim dividend
The robust financial result can be linked to a strong performance by its supermarket and retail segment.
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Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Karl Toriola-led MTN Nigeria launches $206-million public offering aimed at local retail investors
MTN Nigeria is one of Africa’s largest telecom services providers, connecting 68 million people across Nigeria.
Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy
Centum is a leading East African investment company with investments in real estate and private-equity assets.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank Int’l loses $19.3 million in 36 days
Founded by Burkinabe tycoon Idrissa Nassa, CBI is a leading banking group in Francophone Africa.
Namibian tycoon Quinton van Rooyen gains $23.8 million in one week as Trustco shares rebound
Trustco is a diversified investment holding majority owned and operated by the Namibian van Rooyen family.
South African tycoon Stephen Saad’s Aspen Pharmacare signs J&J deal to sell COVID-19 vaccine in Africa
Aspen Pharmacare is a South African holding founded by pharma tycoon and billionaire businessman Stephen Saad.
Led by Senegalese businessman Alioune Ndiaye, Sonatel loses $68.4 million in value in November 2021
Sonatel is a leading subregional telecom services provider in Africa and a subsidiary of Orange.
Led by Alan Pullinger, FirstRand expects earnings to rise by at least 30 percent in H2 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Zimbabwean tycoon Strive Masiyiwa’s Africa Data Centers launches massive facility in Lagos
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group founded by Zimbabwe’s richest man.
South African billionaire Nicky Oppenheimer loses $280 million in single day
Oppenheimer has seen his net worth slump below the $8-billion mark in recent times.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group profit surges by 70 percent above $51 million in 9M 2021
I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.
Nigerian businessman Dahiru Mangal sells stake in Oando Plc in $24.1-million deal
Oando Plc is a Nigeria-based integrated energy solutions provider with diversified operations.
Son of Angola’s former president receives five-year sentence over $500 million in graft charges
Jose Filomeno dos Santos was found guilty alongside three others of fraud, embezzlement and influence peddling.
Mozambican tycoon Salimo Abdula’s kidnapped son rescued in South Africa
One of the alleged kidnappers has been arrested. The search is still underway to arrest the remaining kidnappers.
As shares rise ten-fold, Eric Thiam Sabate-led Ivorian Tobacco Company returns $152.6 million in gains
Societe Ivoirienne des Tabacs is known for popular Ivorian cigarette brands like Fine, Gauloises Blondes and Excellence.