Israeli billionaire Dan Gertler to return oil and mining assets after deal with Congo gov’t
The deal ends a protracted legal dispute between the Congolese government and Gertler’s Ventora Group.
African Billionaires
Egyptian billionaire Nassef Sawiris loses $450 million in February as shares in Adidas slump
Sawiris had a net worth of $6.5 billion at the start of February.
Moroccan industrial tycoon Adil Douiri’s Mutandis posts $177.3 million in revenue in 2021
The market value of Douiri’s 6.88-percent stake in Mutandis is valued at $17.33 million.
Namibian businessman Christiaan Ranga Haikali’s stake in FirstRand Namibia now worth $6 million
Haikali, an independent non-executive director in FirstRand Namibia, owns a beneficial 1.18-percent stake in the lender.
Moroccan businesswoman Lamia Tazi’s Sothema records over $217 million in revenue in 2021
Sothema produces over 60 million units of pharmaceuticals yearly.
Egyptian wealthy Khamis family to get $23.9 million in dividends from Oriental Weavers
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Wealthy Kenyan businessman Andrew Ndegwa loses $1.1 million in three weeks
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
Strive Masiyiwa resigns from Econet days after becoming Southern Africa’s richest Black billionaire
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
Egyptian tycoon Mohamed Morshedy’s real estate firm secures $44.4 million in financing from Al Baraka Bank-Egypt
Al Morshedy Mall is a division of Memaar Al Morshedy, an Egyptian real estate developer created in 1983 by Mohamed Morshedy.
Ghanaian tycoon Samuel Jonah’s Helios Towers to acquire Airtel Africa assets in Chad and Gabon
The transaction comes four months after the Jonah-led business paid $51.7 million for 490 tower sites in Madagascar.
Energy magnate Bryant Orjiako’s Seplat splashes $1.58 billion to acquire ExxonMobil’s Nigerian operations
Orjiako said the proposed purchase is a game changer for Seplat Energy.
British businessman Keith Palmer’s AgDevCo secures $90 million to invest in African agribusiness
AgDevCo was founded in 2010 by British businessman Keith Palmer.
South African mogul Adrian Gore loses $41.2 million from stake in Discovery in eight days
Gore, who launched the financial services organization in 1992, controls a 7.48-percent stake in the group.
Egyptian billionaire Naguib Sawiris warns gov’t to stockpile wheat in view of Russia-Ukraine crisis
Wheat prices have risen by more than 5.7 percent since the news of the crisis surfaced this morning.
Nigerian tycoon Onyekachi Izukanne’s TradeDepot acquires Ghanaian Green Lion as part of expansion plans
TradeDepot is a Nigerian e-commerce and embedded finance platform.
Peter Ashade’s United Capital gains $46 million in one week
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.