Nigeria-based British executive Roger Brown acquires additional stake worth $2.3 million in Seplat
As Seplat’s CEO, Brown was instrumental in completing the group’s dual listing on the Nigerian and London stock exchanges.
African Billionaires
Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a significant 6.43-percent and 8.2-percent stake in the leading energy firm, respectively.
South African founder Luyolo Sijake’s point-of-sale tech startup Qwili raises $1.2 million
Sijake, Thandwefika Radebe, and Tapfuma Masunzambwa co-founded Qwili in 2020.
Egyptian businessman Hassan Allam’s company joins subcontractors in El-Dabaa nuclear plant construction
Hassan Allam Holding is one of the largest privately held enterprises in Egypt, the Middle East, and North Africa.
Aliko Dangote’s cement firm reports lower profit as energy costs, forex losses bite into earnings
The group’s profit decreased by more than 10 percent in the first half of 2022.
Mauritian Lagesse family-linked firm Alteo acquires further $8.2-million stake in Transmara Sugar
The Mauritian Lagesse family and the Dalais family both control a portion of Alteo Limited through related entities.
Botswana tycoon Gulaam Abdoola loses over $1 million from Turnstar investment
Despite the million-dollar decline, the businessman still ranks as one of the wealthiest investors on the Botswana Stock Exchange.
Nassef Sawiris gains $7 million in July, recoups only fraction of June $600-million loss
Sawiris sits on the boards of Adidas and OCI N.V.
Nigerian banking mogul Herbert Wigwe’s Access Holdings secures $280 million from U.S. DFC
Access Bank is the banking subsidiary of Access Holdings.
Led by South African Saltzman family, Dis-Chem Pharmacies opens third outlet in Botswana
Dis-Chem Pharmacies is a high-performing pharmacy and healthcare group in South Africa.
Billionaire Royal Family of Morocco loses $592 million from stake in Attijariwafa Bank
However, the Alaouite Royal Family remains Morocco’s wealthiest family.
South African mogul Zak Calisto’s Karooooo posts nearly $9.5 million in profit in Q1 2023
Calisto owns a majority stake in the global provider of smart transportation management and analytics.
Billionaire Femi Otedola’s Geregu Power completes $96.3-million bond issuance
Under Otedola, Geregu has grown into one of Nigeria’s largest power-generating enterprises.
Nigerian telecom tycoon Bassim Haidar puts yacht ‘Bash’ on sale for $10 million
The Nigerian-Lebanese telecom tycoon is listing his 208-foot yacht, “Bash,” for sale.
Market cap of Burkinabe mogul Idrissa Nassa’s Coris Bank drops below $450 million
However, Coris Bank remains the fourth-most valuable firm listed on the BRVM Stock Exchange.
Nigerian billionaire Mike Adenuga’s Conoil earns over $4.3 million in profit in H1 2022
Adenuga holds a 74.4-percent stake in the oil marketing business.