Aliko Dangote’s cement company records $237.8 million profit in Q1 2023
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Billionaires Africa
Abdul Samad Rabiu’s BUA Cement firm posts lower earnings; profits slump below $60 million
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Kenyan healthcare tycoon Julius Mwale to expand hospital business to Botswana
Mwale is the founder of Mwale Medical and Technology City and Hamptons Hospital.
Nigerian fertilizer mogul Thomas Etuh donates $500,000 hospital to rural community
Etuh is the founder of TAK Agro, the largest blender of fertilizers in Nigeria.
Nigerian billionaire Femi Otedola sells his Transcorp stake to Tony Elumelu
Otedola has sold all his shares in Transcorp to Elumelu, the company’s largest shareholder.
Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
Aliko Dangote’s salt-processing firm delivers record profits in Q1 2023
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
Led by Tunisian Ben Yedder family, Ennakl posts $12 million in profit in 2022
The performance cements Ennakl’s position as one of Tunisia’s most profitable automobile retailers.
Abdelwaheb Ben Ayed’s Poulina Group surpasses $320 million in revenue in Q1 2023
Ben Ayed is one of the wealthiest investors on the Tunis Stock Exchange.
South African billionaire Koos Bekker’s net worth takes a hit, drops by $100 million
Bekker recently sold $190.4 million worth of Prosus shares via a family trust to finance the development of hotels in various countries.
Michiel Le Roux to pocket $20.12 million in dividends from Capitec
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.