Mauritian businessman Pierre-Guy Noel retires as CEO of MCB Group Limited
Noel will exit his position at the end of August after reaching retirement age of 65.
African Billionaires
Mike Brown’s Nedbank expects mid-year earnings to more than double
The leading South African bank made the disclosure in a voluntary trading update on the Johannesburg bourse.
Mo Dewiji Foundation extends financial support to Tanzania-based child cancer center
Tumaini La Maisha is a collection of three NGOs providing free and curative care for children with cancer.
Mike Adenuga’s Conoil posts $2.58-million mid-year profit; earnings surge by 213 percent
Its revenue expanded from $139.63 million to $164.27 million.
Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.
Pierre Guy Noel’s MCB Group acquires minority stake in Africa Mobile Networks
MCB Group is Mauritius’ most extensive banking institution.
Sipho Maseko-led Telkom SA posts $745.47-million Q1 revenue as mobile subscribers grow
Compared with the previous year’s figure, the group’s revenue grew by 3.5 percent.
Steve Phiri-led Royal Bafokeng Platinum declares $104.9-million record interim dividend
Cash increased year-on-year by $202.9 million to close on June 30 at $254 million.
Zimbabwean mogul John Moxon earns $2.47 million as Meikles shares surge to all-time high
Moxon is the company’s single largest individual shareholder, with 27,806,808 issued shares.
Tony Elumelu’s Transcorp suffers $8.9-million loss in four days as shares tumble from high
The loss came off the back of a sell-off in the company’s shares.
Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.
Multimillionaire banker Hitesh Anadkat earns $1.3 million as Letshego shares hit high
The gains came off the back of a resurgence in investor interest in the Botswana-based microfinance holding.
Mohammed Mounir led-Banque Populaire prepares to convert dividends into new shares
The group is a leading financial services company in Morocco with overseas offices.
Adil Douiri’s Mutandis posts $77.4-million mid-year revenue as Morocco’s beverage consumption rebounds
Compared with last year, the group’s revenues improved by one percent.
Egypt awards Maghagha wastewater treatment plant project to Hassan Allam Construction
The plant is part of the government’s strategy to improve sanitation services in rural areas.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.