Investors could have seen 228-percent gain by buying stake in Obafoluke Otudeko’s Honeywell Flour Mills
The Nigeria-based flour-milling business has proved to be a top performer on the Nigerian Exchange.
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Telecom billionaire Strive Masiyiwa launches fifth mega-data center in South Africa
His company, Liquid Intelligent Technologies, aims to build at least 10 data centers in Africa’s largest cities.
Tanzanian billionaire Mohammed Dewji steps down as Simba Sports Club chairman
Dewji is stepping down due to his extremely busy schedule, which involves significant world travel.
Zambian multimillionaire mogul James Ndambo ventures into business aviation
Ndambo joins a long list of African UHNWIs investing in the private jet business.
Tanzanian gold magnate Ketan Patel loses $1.44 million as Shanta Gold shares decline by 16 percent
Shanta Gold is a gold mining company registered in Guernsey in the Channel Islands.
Aliko Dangote sees net worth rise $571 million in one day after 6.53-percent surge in Dangote Cement
The half-billion-dollar gain can be attributed to sustained investor buying interest.
Pierre Guy Noel’s MCB Group posts $194.5 million in profit for 2021, 3.1-percent higher than last year
MCB Group is a financial service holding headquartered in Port Louis, the capital city of Mauritius.
Technopreneur Jeremy Johnson’s Andela attains unicorn status with new $200-million Series-E round
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
Kenyan banking mogul Jimnah Mbaru gains $2.5 million in 151 days from stake in Britam Holdings
Britam Holdings is a Kenya-based diversified financial services group listed on the Nairobi Stock exchange.
Moroccan tycoon Adil Douiri loses $763,100 in 27 days as Mutandis stock price declines
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
Meet the five wealthiest businessmen in Morocco
Morocco is part of an elite group of five countries that account for half of Africa’s total private wealth.
Investors could have ‘cashed in big’ by purchasing shares in Strive Masyiwa’s Econet in early 2021
Zimbabwean billionaire Strive Masiyiwa’s telecom outfit is a top-performing company in 2021.
Zimbabwean tycoon John Moxon earns nearly $2 million in less than two months from Meikles Limited
Meikles is a Zimbabwe-based conglomerate engaged in agriculture, hotels and retail trading.
Tunisian tycoon Rached Horchani gains $5.2 million as BH Bank shares increase by double digits
BH Bank is a Tunisian integrated group that provides a wide variety of financial services.
Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
Moroccan auto mogul Hakam Abdellatif earns $8.4 million from his stake in Auto Hall in 56 days
Auto Hall is a Moroccan automotive group active in the distribution of multi-brand rolling stock in Morocco.