Billionaire industrialist Abdul Samad Rabiu sells shares in BUA Cement worth $4.69 million in May
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.
African Billionaires
James Ndegwa’s NCBA partners with Simba Corporation to finance vehicle purchases in Kenya
The leading financial services company now requires clients to put only five percent of the total vehicle cost down.
Tanzanian gold magnate Ketan Patel loses $897,456 in 27 days from stake in Shanta Gold
Shares in the gold producer surged by 45 percent from April 1 to June 1.
Controversial South African mining mogul Mandla Lamba embarks on expansion with Agilitee Africa
Agilitee Africa has recently expanded into Zimbabwe and Eswatini.
Ghanaian investor Patrick Kingsley-Nyinah to pocket $132,299 in dividends from Ghana Oil
GOIL is a leading player in Ghana’s oil and gas sector.
Stake of banking executive Gideon Muriuki in Kenya’s Co-operative Bank gains $981,331 in 27 days
Co-operative Bank of Kenya operates across East Africa.
Abdul Samad Rabiu’s ASRi awards Ghana with $3-million educational infrastructure grant
Ghana will receive the grant from ASRi’s annual $100-million Africa Fund for Social Development and Renewal.
Nigerian businessman Umaru Abdul Mutallab to pocket $291,908 in dividends from stake in Jaiz Bank
Jaiz Bank is Nigeria’s first non-interest bank operating under Islamic banking principles.
Discovery losses $708.87 million after founders Adrian Gore and Barry Swartzberg sell off shares
Earlier, the founders sold off close to $4.86 million of their shares in the diversified multinational financial service group.
CEO Peter Ndegwa to deploy Kenyan staff to help boost Safaricom’s Ethiopia operations
The Ethiopian unit will have its own CEO, senior executives and management team.
Air Liquide acquires world’s largest oxygen producer; CEO Benoit Potier says ‘key milestone’
Sasol is the world’s largest oxygen producer located in Secunda, South Africa.
Ahmed Ezz sees stake in Ezz Steel surge by $69.2 million after acquiring additional 33.4-percent stake
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
Stake of billionaire banker Michiel Le Roux in Capitec Bank earns $263.41 million in 85 days
The shares of the leading South African lender have increased by more than 20 percent since April 1.
Mining veteran David Brown quits as CEO of Zimbabwe’s state-controlled Kuvimba Mining House
The move could jeopardize the company’s future.
Egyptian billionaire Nassef Sawiris’ Fertiglobe joins Abu Dhabi blue ammonia project
The facility with a capacity of 1 million tonnes per annum.
Stake of Zimbabwean telecom mogul Strive Masiyiwa in Econet surges by $62.34 million so far this year
Econet Wireless Zimbabwe’s share price has risen by 187 percent since January.