Stake of Nigeria’s second richest man Mike Adenuga in Conoil gains $2.26 million in 21 days
The gains follow a surge in the oil marketing company’s share price.
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DRC moves to revoke oil exploration licenses issued to controversial Israeli billionaire Dan Gertler
The licenses allow his companies to manage two oil blocks bordering Uganda to the east.
Stake of Egypt’s Khamis family in Oriental Weavers gains $46.80 million
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.
Kenyan industrialist Manu Chandaria loses reins of Kaluworks steel and plastics producer
The company defaulted in the repayment of a $40-million debt.
Kenya Revenue Authority revisits $13-million tax dispute against multimillionaire Rai family
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.
Stake of Ugandan pharma tycoon Emmanuel Katongole in CiplaQCIL rises by $200,000 since April 13
The growth in his stake follows a rise in the shares of CiplaQCIL on the Uganda Stock Exchange.
Botswana real estate tycoon Gulaam Abdoola’s stake in Turnstar declines by $3.67 million
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Moroccan politician Adil Douiri to earn $529,545 in dividends from stake in Mutandis SCA
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Egyptian billionaire Naguib Sawiris’ Orascom invests $12.7 million in Giza pyramids
Sawiris said Orascom has long been interested in participating in developing the area.
Kenyan businessman Benson Wairegi’s stake in Britam Holding gains $545,000
Wairegi is Kenya’s longest-serving CEO of a listed company.
Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.