Ivan Saltzman’s Dis-Chem to receive $1.48 million from SASRIA over civil unrest
The payment will be made as part of the healthcare firm’s insurance coverage in South Africa.
Billionaires Africa
Africa’s richest man Aliko Dangote’s net worth rises by $1.57 billion
This is significantly greater than the $1.3-billion increase in his net worth in 2021.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
Family of Kenya’s late President Daniel arap Moi will receive $470,000 in dividends from Standard Chartered
Shawmut Limited, the Moi family’s private investment firm, owns 1.03 percent of the Kenyan commercial bank.
Extremophiles dominate the African business landscape
In most countries around the world, family businesses are between 70 and 95 percent of all business entities.
Ugandan tycoon Charles Mbire’s MTN Uganda earns $23.7 million in profit in Q1 2022
The surge in earnings was driven by an 11-percent increase in service revenue and a 45-percent increase in data revenue.
Egyptian mogul Hani Berzi gains $23 million in 47 days from stake in Edita Food Industries
The gains are due to a double-digit percent increase in the company’s share price.
Tunisian tycoon Abdelwaheb Ben Ayed has lost over $2.8 million from stake in Poulina Group
Ben Ayed owns a beneficial 3.4-percent stake in the conglomerate.
Egyptian mogul Safwan Thabet to pocket $5.1 million in Juhayna dividends
The dividend will be paid from Juhayna’s retained earnings of $65.48 million.
Egyptian billionaire Nassef Sawiris loses $270 million in April
The loss is directly linked to the performance of the German sportswear behemoth Adidas.
Swazi billionaire Natie Kirsh loses $280 million in April 2022
The loss is due to a decrease in the valuation of his majority stake in Jetro Holdings.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Nigerian tycoon Oba Otudeko pockets $53 million from Flour Mills-Honeywell deal
Otudeko owns 66.8 percent of Honeywell Flour Mills.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports $8.3 million in profits in 2022
Abdoola is the company’s largest individual owner, with a 14-percent stake.
Kenyan mogul Suresh Bhagwanji Shah loses over $5 million from I&M Group stake in 37 days
Shah owns a beneficial 10.98-percent stake in the company.
Egyptian businessman Safwan Thabet’s Juhayna posts $28.5 million in profit in 2021
Thabet owns a majority stake in the company, worth $194.7 million.