Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
African billionaire
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.
A blitz interview with Mohammad Al Duaij, a scion of one of Kuwait’s most prominent dynasties
Al Duaij is the CEO of Alea Global Group.
South African billionaire Patrice Motsepe’s Alexander Forbes Group hunts for new deals
The company is on the hunt for new acquisitions in a bid to build out its employee benefits offering.
Naguib Sawiris-linked Endeavour Mining lists on London Stock Exchange
Endeavour Mining is West Africa’s largest gold producer.
Australian billionaire Andrew Forrest moves to develop world’s largest hydropower project in Congo
Forrest has held talks with the DRC to acquire the exclusive rights to develop the Grand Inga Dam.
Nigerian economy could see serious boost from NNPC stake in Dangote Oil Refinery
The country could earn $11 billion per annum from the project.
Group Vice President Ebenezer Asante sees stake in MTN Ghana rise by $330,000
The gains were triggered by a surge in the company’s shares on the Ghana Stock Exchange amid renewed investor interest.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.
Stake of late Kenyan tycoon Christopher Kirubi in Centum surged by $2.8 million in two weeks
The gains in his stake can be attributed to the increase in the company’s share price on the Nairobi Stock Exchange.
Storied Kenyan tycoon Chris Kirubi passes away at 80
According to a statement published by the businessman’s family, Kirubi died at his home in Nairobi at 1 pm.
Strive Masiyiwa leads team to unlock $3 billion in financing for COVID-19 vaccines
The financing will be derived from a partnership between the World Bank and African Export-Import Bank.
Shipping mogul Victor Odili to earn $11.5 million in dividends from MTN Nigeria
Odili holds a 3.96-percent stake in the company.
Africa’s fourth richest billionaire Mike Adenuga to pocket $1.88 million in Conoil dividends
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.
Kenyan media mogul John Kimani’s stake in Kakuzi surges by $1.17 million
The gains are due to the recent rise in the company’s shares on the Nairobi Stock Exchange.
Neal Froneman’s Sibanye-Stillwater buys back $603.12 million in shares
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.