Namibia’s Tromp family gains nearly $1 million from stake in Nictus Holdings
Nictus is a diversified investment holding operating the General Motors franchise in Namibia.
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Ackerman family to pocket more than $2.9 million in dividends from South Africa’s Pick n Pay
Pick n Pay is South Africa’s second-largest retailer, with more than 2,000 stores in eight African countries.
Ghana’s wealthiest investor Daniel Ofori gains $4.4 million in 2021 from stake in Societe Generale Ghana
Societe Generale Ghana is Ghana’s fourth-largest commercial bank.
Kenyan tycoon Jimnah Mbaru loses more than $1.4 million as Britam Holdings shares retreat
Investors are stepping back from the company as it prepares to publish its financial results for 9M 2021.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l gears up to launch e-currency in Togo
CBI is a leading banking group in Burkina Faso, with active operations across Francophone Africa.
Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.
Led by affluent Moroccan Chaabi family, SNEP reports 14.8-percent increase in revenue
The Moroccan Chaabi family holds a majority 62.92-percent stake in SNE through Ynna Holding.
Vodacom Group acquires stake in South African billionaire Johann Rupert-linked investment holding
CIVH is a holding majority-owned by South African billionaire Johann Rupert’s Remgro Limited.
Nigerian billionaire Benedict Peters’ Aiteo reports ‘extremely high order’ leak from oil facility
The oil spill affected its Santa Barbara Oil Field, which forms part of its OML-29 oil block.
Nigerian fintech entrepreneur Gbenga Agboola’s Flutterwave acquires Disha creator platform
Disha is a Nigerian platform allowing digital creators to showcase and receive payments for content globally.
Albertinah Kekana-led Royal Bafokeng Holdings accepts offer to sell 33.3-percent stake in RBPlat worth $1.14 billion
RBH is an African community investment holding that operates under the Royal Bafokeng Nation Development Trust.
Kenyan banking tycoon James Mwangi to remain with Equity Group until 2032; stake in group is worth $58.37 million
Equity Group Holdings Limited is Kenya’s leading financial services holding.
Africa’s sixth richest man Abdul Samad Rabiu loses $600 million; net worth falls below $5 billion
The loss was due to poor performance by his company, BUA Cement, on the Nigerian Exchange.
South African businessman Piet Mouton gains over $75 million in 29 days from stake in Capitec Bank
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
Diane Karusisi-led Bank of Kigali reports 33-percent increase in profit, earnings surge above $35 million
BK Group is a non-operating holding registered with the Rwanda Development Board.
Egyptian businessman Medhat Khalil gains $42.05 million in 15 days as Raya Holding shares surge
Raya Holding is an Egypt-based investment conglomerate majority owned by Egyptian tycoon Medhat Khalil.