Egyptian tycoon Ahmed El Sewedy’s electric company records over $44 million in profit in Q1 2022
The El-Sewedy family owns 68 percent of the corporation, or 1,478,689,860 ordinary shares.
Billionaires Africa
Swazi billionaire Natie Kirsh gains $340 million in five days
Kirsh’s net worth is now estimated at $7.82 billion.
Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
Moroccan pharmaceutical tycoon Lamia Tazi loses $9.4 million from her stake in Sothema
Tazi owns a sizable 3.93-percent stake in the company, totaling 282,644 shares.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group earns $23.2 million in profit in Q1 2022
Shah built I&M Group into East Africa’s leading commercial banking organization.
Strive Masiyiwa’s Ecocash discontinues waste collection services in Harare
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Ivorian businessman Jean-Luc Konan’s COFINA Group secures $64.2 million from DPI
Based in Abidjan, COFINA Group was founded in 2014.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $28.8 million in profit in Q1 2021
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
Nigerian oil tycoon Michael Prest’s Petrodel to revive gas production in Tanzania
Petrodel Resources was founded in 2001.
Construction firm owned by Egypt’s wealthy Sawiris family to build industrial park
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Zimbabwean billionaire Strive Masiyiwa loses over $620 million as Econet shares slump
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
Aliko Dangote suffers $157-million loss in single day as Dangote Cement stock falls
Dangote is the founder of Dangote Industries Limited, a Nigerian conglomerate with diverse interests.
Wealthy Tanzanian Rajabali brothers gain $4.31 million from CRDB Bank stake
CRDB Bank is the largest commercial bank in Tanzania.
10 African billionaires who made their fortune in banking
These 10 African billionaires built their fortunes by founding some of the continent’s largest financial services institutions.