From Mauritius to Nigeria, 25 family businesses to look out for in Africa
Here is some key information about how they began and the value that they are adding to the continent.
Billionaires Africa
Tunisian businessman Mehdi Tamarziste’s stake in UBCI loses $3.7 million in 132 days
The multimillion-dollar loss in his stake was triggered by investor profit-taking actions.
Abdul Samad Rabiu’s BUA Group signs MoU to build plaster of Paris production plant
BUA Group will construct the 2,000-tonne-per-day plant with the Turkish MMM Erba Makina.
Chobe Holdings Deputy Chairman Jonathan Gibson loses $5.1 million in 123 days
The value loss in his equity stake in the business came off a double-digit decline in the group’s shares.
Nigerian pharma tycoon Stella Chinyelu Okoli to manufacture active pharmaceutical ingredients
Her company Emzor is a leading pan-African manufacturer and distributor of medical supplies.
Tunisian director Khaled Fakhfakh earns $1.1 million as BIAT shares soar by 21 percent in 153 days
Shares in the bank have increased by double digits since the start of the year.
Nigerian polyurethane tycoon Samuel Bolarinde sees his wealth surge by $12.1 million this year
Since January, the share price of Bolarinde’s Vitafoam Nigeria has been on the rise.
Real estate mogul Mustapha Njie partners with Sierra Leone to create affordable housing
His company TAF Africa Global Limited has signed a memorandum of understanding with the government.
Linus Gitahi-led Diamond Trust Bank Group records 20.1-percent rise in H1 2021 revenue
The bank recorded growth in net profit in H1 2021 from $23.9 million last year to $28.7 million.
Naguib Sawiris-led Orascom Financial Holding trims stake in Beltone to 59.22 percent
OFH sold 9 million shares at $0.15 per share, totaling $1.34 million.
The 20 richest South Africans on the Johannesburg Stock Exchange
The bourse is Africa’s largest stock exchange and its most overvalued.
The richest people on the Tunis Stock Exchange
The wealthiest investors on the bourse are mostly prominent business families in Tunisia.
The 20 richest people on the Dar es Salaam Stock Exchange
The richest Tanzanian investors on the bourse have amassed a total wealth of $81.77 million.
The 20 richest Moroccan investors on the Casablanca Stock Exchange
The Casablanca Stock Exchange is one of Africa’s top exchanges.
The 15 richest people on the Stock Exchange of Mauritius
With a near $9-billion market capitalization, the Stock Exchange of Mauritius is one of Africa’s most vibrant.
The 20 richest Kenyan investors on the Nairobi Stock Exchange
The Nairobi Stock Exchange is the most vibrant bourse in the East African region.