Kenyan tycoon Tabitha Karanja rules out stake sale in $198.8-million row
Karanja launched Keroche Breweries in 1997.
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South African businessman Xolane Ndhlovu donates $1 million to Africans in Ukraine
Ndlovu said he is motivated to help Africans who have lost their livelihood due to the Russia-Ukraine conflict.
Egyptian real estate mogul Hisham Talaat Moustafa to pocket $9.65 million in dividends
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.
Ten richest investors on the Nairobi Stock Exchange in 2022
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
Algerian tycoon Ali Haddad, others forfeit assets worth $4.2 billion to gov’t in one month
Earlier, Haddad and other businessmen were sentenced to lengthy prison sentences in corruption trials.
Kenyan banker James Mwangi’s Equity Group launches $6-billion regional economic stimulus plan
Equity Group is East and Central Africa’s largest financial services group.
Ghanaian tycoon Joseph Agyepong’s Jospong Group issues grant to support sanitation research
The tycoon made the grant to a team of 26 academics from 13 universities and research institutions in Ghana.
Israeli Marom Energy buys stake in Moroccan exec Moundir Zniber-led Gaia Energy
Zniber launched Gaia Energy in 2008 to encourage the development of renewable energies in Morocco.
South African billionaire Stephen Saad’s Aspen concludes COVID-19 vaccine deal
The vaccine will be marketed as Aspenovax.
Egyptian billionaire Yasseen Mansour’s Palm Hills reports $54.5 million in profit in 2021
The group’s market capitalization is valued at $284.57 million.
Ralph Mupita-led MTN Group reports double-digit percent decline in profits
Earnings were hurt by an impairment loss of $29.8 million.
Nigerian banking tycoon Tony Elumelu to receive $4.6 million in dividends from UBA
Elumelu owns a 6.39-percent stake in the company.
Aga Khan-backed Jubilee acquires additional stake in Johann Rupert-linked SEACOM
SEACOM is privately funded and about 75-percent African-owned.
Charles Mbire-led MTN Uganda reports $94.26 million in profit in 2021
Mbire’s 3.98-percent equity position in MTN Uganda is valued at $44.35 million.
Johann Rupert’s Richemont suspends commercial activities in Russia
Rupert’s net worth has dropped by more than $1.8 billion this year.
Moroccan industrial tycoon Adil Douiri loses $1 million from stake in Mutandis
Mutandis has become a leading player in the Moroccan consumer goods market under Douiri’s leadership.