Energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
Billionaires Africa
Egyptian auto tycoon Raouf Ghabbour’s GB Auto posts $117.6 million in profits in 2021
Ghabbour launched GB Auto in 1985 as an Egyptian producer of automobiles, buses, lorries and motorbikes.
Nigerian banking tycoon Jim Ovia’s Zenith Bank earns $587.8 million in profit
Zenith Bank is Nigeria’s most profitable bank and the largest listed financial services group with a valuation of $2.04 billion.
Namibian tycoon Koos Brandt’s Capricorn Group posts $37.9 million in profit in H1 2022
Capricorn Group is a financial services conglomerate with businesses in banking, micro-lending, property development.
Aliko Dangote’s cement company posts all-time high sales; profits exceed $870 million in 2021
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.
Kenyan tycoon Suresh Bhagwanji Shah gains over $1.4 million from stake in I&M Bank
I&M Bank Group is a leading non-operating holding company situated in Kenya.
Energy magnate Bryant Orjiako’s Seplat earns $117.1 million in profit in 2021
Seplat Energy Plc is Nigeria’s largest energy group.
Israeli billionaire Dan Gertler to return oil and mining assets after deal with Congo gov’t
The deal ends a protracted legal dispute between the Congolese government and Gertler’s Ventora Group.
Egyptian billionaire Nassef Sawiris loses $450 million in February as shares in Adidas slump
Sawiris had a net worth of $6.5 billion at the start of February.
Moroccan industrial tycoon Adil Douiri’s Mutandis posts $177.3 million in revenue in 2021
The market value of Douiri’s 6.88-percent stake in Mutandis is valued at $17.33 million.
Namibian businessman Christiaan Ranga Haikali’s stake in FirstRand Namibia now worth $6 million
Haikali, an independent non-executive director in FirstRand Namibia, owns a beneficial 1.18-percent stake in the lender.
Moroccan businesswoman Lamia Tazi’s Sothema records over $217 million in revenue in 2021
Sothema produces over 60 million units of pharmaceuticals yearly.
Egyptian wealthy Khamis family to get $23.9 million in dividends from Oriental Weavers
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Wealthy Kenyan businessman Andrew Ndegwa loses $1.1 million in three weeks
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
Strive Masiyiwa resigns from Econet days after becoming Southern Africa’s richest Black billionaire
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
Egyptian tycoon Mohamed Morshedy’s real estate firm secures $44.4 million in financing from Al Baraka Bank-Egypt
Al Morshedy Mall is a division of Memaar Al Morshedy, an Egyptian real estate developer created in 1983 by Mohamed Morshedy.