Nigerian banker Jim Ovia looks set to receive $34.1 million in Zenith Bank dividends
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
African Billionaires
Africa’s richest man Aliko Dangote to earn $704 million in dividends from cement company
Dangote Cement is Africa’s largest cement producer.
South Africa’s richest man Johann Rupert loses $1.23 billion due to Russian invasion
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
Ramachandran Ottapathu’s Far Property posts $4.34 million in profit in H1 2022
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.
Energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
Egyptian auto tycoon Raouf Ghabbour’s GB Auto posts $117.6 million in profits in 2021
Ghabbour launched GB Auto in 1985 as an Egyptian producer of automobiles, buses, lorries and motorbikes.
Nigerian banking tycoon Jim Ovia’s Zenith Bank earns $587.8 million in profit
Zenith Bank is Nigeria’s most profitable bank and the largest listed financial services group with a valuation of $2.04 billion.
Namibian tycoon Koos Brandt’s Capricorn Group posts $37.9 million in profit in H1 2022
Capricorn Group is a financial services conglomerate with businesses in banking, micro-lending, property development.
Aliko Dangote’s cement company posts all-time high sales; profits exceed $870 million in 2021
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.
Kenyan tycoon Suresh Bhagwanji Shah gains over $1.4 million from stake in I&M Bank
I&M Bank Group is a leading non-operating holding company situated in Kenya.
Energy magnate Bryant Orjiako’s Seplat earns $117.1 million in profit in 2021
Seplat Energy Plc is Nigeria’s largest energy group.
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.
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.