Egyptian tycoon Medhat Khalil loses $114.3 million as shares in Raya Holding decline by 40 percent
The multimillion-dollar loss in Khalil’s stake was due to a sustained sell-off on the Egyptian Stock Exchange.
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LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Malawian tycoon Ramesh Savjani earns $3.4 million in 96 days as Malawi’s best performing stock surges
The multimillion-dollar profit from his stake can be attributed to a surge in the share price of Illovo Sugar Malawi.
Here are five super-rich Algerians worth knowing aside from Issad Rebrab who is worth $4.8 billion
Algeria is expected to be home to more than 6,000 millionaires by the end of the decade.
DPP tells Kenyan tycoon Samuel Macharia to privately prosecute directors over alleged fraud
The petition marks a fresh twist in the battle for ownership of the Kenyan insurance provider Directline Assurance.
Nigerian billionaire Aliko Dangote says Nigeria could save $700 million annually from sugar master plan
Dangote said: “If the national sugar master plan is followed … the country will be better for it.”
Gerrit Ferreira’s Rand Merchant Investment moves to unbundle stakes in major insurers
The move is aimed at enabling it to narrow a discount between its share price and the book value.
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.
Five African billionaires receive dividends over $39 million in 2021
African billionaires have had yet another opportunity to smile at their bank accounts this year.
Ten female dollar millionaires worth knowing in Ghana
Women are fighting the general trend in Ghana, with some now ranking among its biggest dollar millionaires.
The 10 most distinguished African women on the international arena
For centuries, people of color — primarily Black Africans — have been marginalized on the world stage.
South African billionaire Nicky Oppenheimer’s net worth increases by $750 million in 2021
This translates to an average gain of $2.9 million per day for the billionaire since Jan. 1.
U.S. retail tycoon Rob Walton commits $100 million to Johannesburg’s African Parks
Rob is the first son of Helen and Sam Walton, founders of Walmart Inc., America’s largest retailer.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Mining mogul Neal Froneman moves to invest $490 million for 50-percent stake of ioneer Limited lithium mine
ioneer’s project in Nevada is the largest known lithium and boron deposit in North America.
Tunisian tycoon Moncef Mzabi gains $7.5 million in 140 days as shares in ARTES surge by 52 percent
ARTES is a Tunisia-based automobile retailer established after Mzabi and his brothers acquired Renault Tunisie in 1997.