Aliko Dangote’s cement company posts $476.3-million mid-year profit as sales surge
The profit represents a 51.9-percent growth when compared with last year’s figures.
African billionaire
Egyptian real estate tycoon Talaat Moustafa earns $99.2 million as TMG shares make sharp rebound
Moustafa founded the Egypt-based real estate holding in 1974.
Tanzanian billionaire Mo Dewji pays $8.6 million for 49-percent stake in Simba SC
Simba SC is a leading football club in East Africa and one of the two biggest clubs in Tanzania.
Simon Games Thomas-chaired Caracal Gold to list on Nairobi bourse
Thomas leads the company’s board as non-executive chairman.
Nigerian tycoon Wole Oshin to pocket $379,000 dividend from Custodian
The dividend will be paid from the company’s profit in the first half of the year.
Mansoor Al-Mahmoud-led QIA to invest $200 million in Airtel Africa’s mobile money business
The Qatar Investment Authority’s transaction values the mobile money business at $2.65 billion.
Moulay Elalamy leads Morocco to partner with Renault Group in billion-dollar deal
The 61-year-old businessman is the founder and owner of Saham Group.
Nigerian energy magnates Austin Avuru, ABC Orjiako to pocket $4.3-million Seplat dividend
Seplat Energy is the largest listed oil company on the Nigeria Exchange (NGX).
Former partner challenges City of Harare for awarding ‘$2 billion’ in property to tycoon Ken Sharpe
George Katsimberis has challenged the city for awarding the land to Sharpe’s Augur Investments.
Ackerman family loses $71.5 million in 12 days as Pick n Pay shares fall to 20-week low
Shares in the retailer on the Johannesburg bourse have lost more than one-eighth of their value since May 31.
James Mworia-led Centum posts first full-year loss in 42 years
Centum Investment Company has declared a loss of $12.6 million at the end of its 2021 accounting year.
Family of late Kenyan industrialist Chris Kirubi to pocket $608,250 Centum dividend
The multimillionaire industrialist held a 30.08-percent stake in the leading investment group.
Netherlands court orders Isabel dos Santos to hand over Galp shares worth $500 million to Angola
The court found dos Santos guilty of exploiting Angola’s oil wealth.
AMCON takes over insurance assets belonging to Nigerian tycoon Jimoh Ibrahim
Ibrahim is the group managing director and controlling shareholder of NICON Insurance and Nigeria Re.
John Borshoff’s Deep Yellow to cancel 1.54 million shares due to unmet criteria
According to a notification on the Johannesburg Stock Exchange, the share buy-back program will occur on Aug. 13.
South African businessman Christoffel Wiese suffers $22.7-million loss as Tradehold shares tumble
The multimillion-dollar loss came off the back of a double-digit plunge in the share price of Tradehold.