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.
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Botswana tourism tycoon Jonathan Gibson loses $5.6 million as Chobe shares decline
Chobe operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip in Namibia.
Mauritian businessman Pierre Guy Noel gains $2.3 million in 2021 as MCB Group shares surge
MCB Group is Mauritius’ most extensive banking institution.
John Gachora-led NCBA Group reports 159-percent surge in earnings in 9M 2021
Gahora holds a total of 381,755 ordinary shares in the Kenyan financial services provider.
Ade Adeyemi-led Ecobank Group gets $113.2-million loan from EIB to support SMEs in Africa
Ecobank is the leading independent regional banking group in West and Central Africa.
Jeremy Awori-led Absa Kenya sees earning quadruple as profits surge above $73 million
Absa Bank Kenya, formerly Barclays Bank Kenya Limited, is a leading financial services provider in Kenya.
Kenyan startup founder Ken Njoroge’s Cellutant links up with ImaliPay to ease payments for gig workers
ImaliPay is a financial platform for digital workers co-founded by two Cellutant alumni.
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.
Gideon Muriuki’s Co-operative Bank of Kenya secures $56.4-million EU loan to support SMEs
The facility will be used to provide capital and long-term local currency loans to businesses hit by COVID-19.
Investors could have ‘cashed in big’ by buying shares in South African mogul Johann Rupert’s Richemont
A $10,000 investment in Richemont on Dec. 31 2020 is worth $18,372 today.
Ghanaian executive Ebenezer Asante’s stake in MTN Ghana now worth $1.56 million
MTN Ghana is the largest telecom operator in Ghana, with a total subscriber base of 25.2 million.
Nigerian private equity titan Temitope Lawani to pocket $39.1 million in $2.3-billion Vitol acquisition deal
Vivo Energy is a British downstream petroleum company.
Tunisian tycoon Habib Essayeh gains $8.4 million in 2021 as shares in Euro Cycles surge by 32-percent
Euro-Cycles is a Tunisian automotive company specializing in the production of bicycles.
Moroccan real estate tycoon Alami Lazraq’s Alliances Group posts $37.2 million in revenue in Q3 2021
Alliances Group is Morocco’s largest home and hotel builder.
Honeywell Flour Mill gains $12.57 million as Greek tycoon John Coumantaros makes acquisition move
Honeywell Flour Mills is a leading flour and pasta product manufacturer in Nigeria.
Botswana retail moguls Farouk Ismail, Ramachandran Ottapathu increase stake in Choppies
Choppies is a Botswana-based investment holding operating in the retail sector in Southern Africa.