South African billionaire Patrice Motsepe’s ARC moves to buy, delist CSG Holdings
CSG offers staffing solutions, facilities management and personnel and industrial support in South Africa.
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Johann Rupert’s Richemont gains 2.4 percent in single day as investors react to hedge fund taking equity position
The U.S. hedge fund Third Point Management owns a 1.2-percent stake in the Swiss company.
Moroccan politician Adil Douiri’s Mutandis posts $127.8 million in revenue in 9M 2021
Mutandis is an industrial group with operations in four business segments in the consumer goods industry.
Nigerian billionaire Femi Otedola sees stake in FBNH rise by $4.9 million since early November
FBNH is one of the top five financial services providers in Nigeria, Africa’s largest economy.
Malawian tycoon Hitesh Anadkat gains $40.53 million in 2021 as shares in FMB Capital Holdings surge
Anadkat founded the holding in 1995 and is the largest shareholder in the leading financial services group.
Ramachandran Ottapathu’s Choppies posts profit for first time since 2016, earnings surge above $5 million
Choppies Enterprises Limited is a Botswana-based investment holding company operating in the retail sector in Southern Africa.
Africa’s wealthiest man Aliko Dangote sees net worth rise by $1.4 billion in 2021
The richest Black man alive has amassed a staggering $19.2-billion net worth through Dangote Group.
Moroccan multimillionaire Hassan Amor loses $6.7 million in 11 days as wary investors offload stakes in Microdata
Microdata is a leading Moroccan IT company, providing integration, support and consulting services.
Egyptian real estate tycoon Hisham Talaat Moustafa gains $107 million as TMG shares surge
TMG is one of the largest conglomerates in Egypt, founded by the late Talaat Moustafa in 1974.
Karl Toriola-led MTN Nigeria receives preliminary green-light to operate payment service bank
Both MTN Nigeria and Airtel Africa have received approval-in-principle for a service bank license.
Ahmed Mekky’s Benya Group eyes IPO in Egypt and foreign equity market
Benya Group is a leading digital solutions and ICT infrastructure provider in Egypt, the Middle East and Africa.
James Mwangi’s Equity Group appears set to acquire local rivals as part of growth strategy
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
Charles Mbire-led MTN Uganda gets thumbs up to market IPO to local investors in Kenya
MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
Mark Blair-led Mr Price expects half-year earnings to jump by 30 percent thanks to strong retail trading operations
Although retail companies saw their income drop in 2020, a fast recovery is expected for market leaders like Mr Price.
John Moxon’s Meikles reports 89.3-percent drop in earnings for 2021, while revenues grow by three percent
Meikles is a Zimbabwe-based company with a diverse portfolio of investments.
Aga Khan IV loses $4.07 million in two months as shares in Nation Media Group slump by 19 percent
Aga Khan IV holds a 44.7-percent stake in the group through The Aga Khan Fund for Economic Development.