Moroccan mogul Alami Lazraq’s shares in real estate giant surge by $7.1 million
Alliances Developpement Immobiliere Ste SA’s shares have risen by 18 percent on the Casablanca Stock Exchange.
Latest
Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
Greek multimillionaire John Coumantaros’ stake in Flour Mills of Nigeria gains $15.6 million in 158 days
The gains can be attributed to the company’s increased share price on the Nigeria Stock Exchange.
Tanzanian multimillionaire Rajabali brothers to pocket $635,024 CRDB Bank dividend
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
Zimbabwean businessman John Thomas Moxon’s stake in Meikles gains $4.1 million in 152 days
Meikles has a diverse portfolio of investments in hospitality, retail, supermarkets and financial services.
French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.
Moroccan billionaire Anas Sefrioui’s stake in Douja Promotion Groupe Addoha gains $61.2 million in 35 days
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.
Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400
The increase in the value of his shares took place over 23 days.
Africa’s wealthiest man Aliko Dangote partners with German association to train youths in Nigeria
The billionaire plans to replicate the youth empowerment initiative across Nigeria’s six geopolitical zones.
South African billionaire Stephen Saad’s stake in Aspen Pharmacare gains $168.9 million
Aspen is a global multinational pharmaceutical company.
British billionaire Fred Done beats out Mary Slack-Oppenheimer to acquire Betting World in South Africa
Done’s Betfred now has a controlling stake in struggling company.
South African investor Martin Slabbert sells $135.36 million in properties in East Sussex and Scotland
Slabbert’s MAS Real Estate is a leading South African property investor listed on the JSE.
Tea titan Baba Danpullo’s Nexttel appoints Benoit Yaoussou as first Cameroonian CEO
The appointment follows a heated crisis inside the company.
Energy magnate Adonis Pouroulis acquires Mauritius-based Africa Energy Management Platform
Pouroulis is the CEO of Chariot Oil & Gas.
Turkish security services admit to abducting member of influential Gulen family in Kenya
Salahuddin Gulen has turned up in Turkey after his abduction in May.
Nigerian multimillionaire Tony Elumelu dives into insurance business
Heirs Insurance and Heirs Life Assurance are the newest subsidiaries of his holding company.