Botswana tycoon Chandra Chauhan's Sefalana cuts dividend 60% as diamond slump hits profit
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
$8.4 billion deal
Cosmas Maduka dropped out at six and turned a 1977 N300 bet into a $500 million fortune
Cosmas Maduka dropped out of school at six, was dismissed with N200 by his uncle and built a $500 million empire from a single spare parts stall.
Billionaire investor Femi Otedola signals painful reset as First HoldCo rebuilds its future
Femi Otedola says rebuilding First HoldCo will involve tough disruptions as the group resets its balance sheet and positions for long term stability.
Mauritius-based investor Peter McAllister Todd’s Afine stake falls $3 million
Peter McAllister Todd’s Afine stake drops $3.2 million as the small-cap property firm faces a sharp slide on the Johannesburg Stock Exchange.
Nigerian billionaire Abdul Samad Rabiu collects $144.4 million in BUA Foods dividend
Abdul Samad Rabiu received a $144.4 million dividend from BUA Foods after the company boosted its payout by 136 percent in 2024.
Orascom, controlled by Egypt’s richest family, gets board approval for ADX listing
The move, pending shareholder and regulatory approval, signals a shift by one of the Middle East’s top construction firms toward the UAE’s growing capital markets.