Kenyan tycoon Jimnah Mbaru loses over $1.35 million in 95 days as Britam shares fall 10 percent
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
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Swazi billionaire Natie Kirsh is now richer than U.S. billionaires David Sun, John Tu
Kirsh’s net worth has risen by $215 million since the start of the year, from $8.27 billion to $8.49 billion.
South African businessman Johan Burger gains $7.55 million, as FirstRand shares surge by 26 percent
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Nicky Oppenheimer unseats PayPal Co-Founder Peter Thiel, after making $600 million in 93 days
Despite the global impact of the Russia-Ukraine crisis, the South African’s wealth has risen from $7.95 billion to $8.55 billion.
Malawian tycoon Hitesh Anadkat eyes $500K in Letshego dividends in May
Anadkat also owns stakes in Malawi’s first telecom company, Telekom Networks Malawi, and its first bank.
Nigerian gambling magnate Kessington Adebutu, daughter to pocket $2.4 million in Wema Bank dividends
Kessington Adebutu is the founder and CEO of Premier Lotto Limited, Nigeria’s oldest and largest gaming company.
Africa’s richest man Aliko Dangote gains $915 million in Q1 2022
Dangote’s net worth surpassed the $20-billion valuation in the first three months of 2021.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l opens office in Bissau
CBI’s market capitalization is now $540 million.
Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
Kenyan businessman Joshua Oigara’s KCB Group receives approval to merge Rwandan units
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
Kenyan tycoon John Kimani gains $2.2 million from Kenya-based agro-allied company
With stakes worth more than $20 million in Kakuzi, Kimani is one of the richest investors on the Nairobi Stock Exchange.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts all-time record profit in 2021
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Local contractors accuse Nigerian billionaire Mike Adenuga’s Conoil of failing to pay debts
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
Herbert Wigwe’s Access Bank completes transformation into Access Holdings
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Egypt’s Ghabbour family set to receive $13.1 million in dividends from GB Auto in 2022
The wealthy Ghabbour family holds a majority 62.9-percent stake in Ghabbour Auto.