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It is unclear how much of the 59.22 percent stake held by Orascom Financial Holding, a firm led by the billionaire Sawiris family, was acquired during the transaction.
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
Just three weeks ago, the Nigerian billionaire received a massive $208-million dividend from BUA Cement.
Dangote’s net worth has dropped from nearly $20 billion to just $19 billion in the past 24 hours.
Despite his declining net worth, Motsepe remains one of South Africa’s richest men.
The Fairway Group expects a smooth and seamless transition under the new government.
Shares in the group rose 35.56 percent as a result.
Mbire owns a significant 3.98-percent stake in the Ugandan telecom outfit.
Smith directs Vista’s investment strategy.
Elloe was founded in 2021 by Sakawa, Abhijay Rao, and Aaron Madolora.
Seplat Energy is an independent oil and gas company.
Britam has classified its 48.2-percent stake in HF Group as held for sale.
The winding-up petition adds to the pressures on Ardova and its majority owner.
Datatec is a South African ICT services provider.
The market value of Sefrioui’s 64.1-percent stake has now dropped to $189.43.
Mwangi’s 3.38-percent stake has now risen in value to $51.71 million.