Tunisian businessman Mehdi Tamarziste’s stake in UBCI loses $3.7 million in 132 days
The multimillion-dollar loss in his stake was triggered by investor profit-taking actions.
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Abdul Samad Rabiu’s BUA Group signs MoU to build plaster of Paris production plant
BUA Group will construct the 2,000-tonne-per-day plant with the Turkish MMM Erba Makina.
Chobe Holdings Deputy Chairman Jonathan Gibson loses $5.1 million in 123 days
The value loss in his equity stake in the business came off a double-digit decline in the group’s shares.
Nigerian pharma tycoon Stella Chinyelu Okoli to manufacture active pharmaceutical ingredients
Her company Emzor is a leading pan-African manufacturer and distributor of medical supplies.
Tunisian director Khaled Fakhfakh earns $1.1 million as BIAT shares soar by 21 percent in 153 days
Shares in the bank have increased by double digits since the start of the year.
Nigerian polyurethane tycoon Samuel Bolarinde sees his wealth surge by $12.1 million this year
Since January, the share price of Bolarinde’s Vitafoam Nigeria has been on the rise.
Real estate mogul Mustapha Njie partners with Sierra Leone to create affordable housing
His company TAF Africa Global Limited has signed a memorandum of understanding with the government.
Linus Gitahi-led Diamond Trust Bank Group records 20.1-percent rise in H1 2021 revenue
The bank recorded growth in net profit in H1 2021 from $23.9 million last year to $28.7 million.
Naguib Sawiris-led Orascom Financial Holding trims stake in Beltone to 59.22 percent
OFH sold 9 million shares at $0.15 per share, totaling $1.34 million.
Namibian tycoon Wilhelm Shali to earn 15-percent stake in African Pioneer’s Namibia projects
Shali will personally own a 15-percent stake in the projects.
NNPC to feed Dangote Oil Refinery daily with nearly half its crude oil supply
The refinery will have a capacity of 650,000 barrels per day.
Jim Ovia’s Zenith Bank posts $257.8-million half-year profits, two-percent higher than previous year’s figures
Zenith Bank is a leading multinational financial service provider based in Nigeria.
Egyptian tycoon Hend El-Sherbini loses $12.2 million in 52 days, as shares retreat from record two-week high
This loss follows a $39.8-million increase in the market value of her stake between March 3 and July 7.
The 20 richest South Africans on the Johannesburg Stock Exchange
The bourse is Africa’s largest stock exchange and its most overvalued.
The richest people on the Tunis Stock Exchange
The wealthiest investors on the bourse are mostly prominent business families in Tunisia.
The 20 richest people on the Dar es Salaam Stock Exchange
The richest Tanzanian investors on the bourse have amassed a total wealth of $81.77 million.