Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
African billionaire
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
John Coumanataros to earn $10.43 million in dividends as Flour Mills of Nigeria announces dividend payout
The food and agro-allied group revealed that it will pay a final dividend of $0.0040 per share.
Nombasa Tsengwa-led Exxaro Resources anticipates 111-percent rise in interim HEPS
The rise in the company’s earnings is attributed to increased equity-accounted income from Sishen Iron Ore.
Kenyan banker James Mwangi earns $13.1 million as Equity Group shares return to pre-pandemic levels
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
38-year-old director Guillaume Dalais loses $1.9 million as CIEL shares plunge from record high
The near-$2-million loss came from a 27-day, double-digit decline in the group’s share price.
South African Mouton family loses $18.85 million in 54 days as PSG Group shares retreat from high
Shares in the holding had risen to an all-time high on June 17.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.