Malawian banker Hitesh Anadkat to pocket $698,340 in dividends from FMB Capital Holdings
Founded in 1995, the company is Malawi’s first private bank.
African billionaire
Nigerian lawmaker who sought to extort billionaire Femi Otedola bags seven years in prison
Farouk Lawan sought and obtained a bribe from Otedola during a probe into an alleged fuel subsidies scam.
Trella completes $42-million Series-A funding round for MENAP expansion: CEO Omar Hagrass
The latest round involves $30 million in equity and $12 million in debt facilities.
Stake of Moroccan real estate tycoon Anas Sefrioui in Groupe Addoha gains $94.69 million in 21 days
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.
Abdulsamad Rabiu donates $24.3 million to support healthcare across Nigeria
The states to benefit from the latest disbursement include Ogun, Sokoto, Kwara and Edo.
Ghanaian magnate Daniel Ofori suffers losses of $370,047 from stake in CAL Bank since April 30
The decline can be attributed to the profit-taking activities of retail investors who exited the bank.
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.
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.