South African mogul Adrian Gore loses $41.2 million from stake in Discovery in eight days
Gore, who launched the financial services organization in 1992, controls a 7.48-percent stake in the group.
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Egyptian billionaire Naguib Sawiris warns gov’t to stockpile wheat in view of Russia-Ukraine crisis
Wheat prices have risen by more than 5.7 percent since the news of the crisis surfaced this morning.
Peter Ashade’s United Capital gains $46 million in one week
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.
Led by Egyptian Khamis family, Oriental Weavers reports all-time record revenue of $725 million in 2021
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Mauritian Doger de Speville family gains $4.3 million from stake in Medine
Members of the family include Marie Therese Doger De Speville, Thomas Doger de Spéville, and 82-year-old Pierre Doger de Speville.
South African-born billionaire Patrick Soon-Shiong loses over $7.3 billion in one year
Soon-Shiong owns 73.2 percent of the biotech business.
Africa’s richest man Aliko Dangote loses $500 million as cement firm shares fall
Dangote, the continent’s wealthiest man, has seen his net worth dip below $20 billion in recent times.
Greek businessman John Coumantaros’ Flour Mills plans to invest $168.3 million on sugar estate
Coumantaros controls a majority 63.34-percent share in the company valued at $209.1 million.
Kenyan tycoon Jimnah Mbaru loses $1.1 million from stake in Britam Holdings
Britam Holdings is a leading financial services provider with operations throughout Southern and East Africa.
Peter Ashade’s United Capital earns $27 million in profit as managed funds surpass $785 million
United Capital is a fast-growing banking and investment services business.
Malawian banking mogul Hitesh Anadkat’s stake in FMB Capital is worth over $86 million
Anadkat has a significant 35.51-percent stake in the Port Louis-based company.
Ten richest investors on the Ghana Stock Exchange in 2022
The Ghana Stock Exchange provided outstanding profits to investors and other market players in 2020 and 2022.
Egyptian tycoon Ahmed Ezz loses $42.9 million from stake in Ezz Steel
The multimillion-dollar decline in his stake may be attributed to a sell-off of the company’s shares.
South African tycoon Christo Wiese receives $463.1-million settlement from Steinhoff
Wiese received $198.5 million in cash and a five-percent share in Pepkor.
Investors could have ‘cashed-in big’ by purchasing shares in Strive Masiyiwa’s EcoCash
A $10,000 investment in EcoCash seven weeks ago is now worth $20,130.
Led by Zimbabwean tycoon John Moxon, Meikles’ revenue surges by 131 percent in 9M 2022
Meikles is a Zimbabwean conglomerate with interests in hotel, retail, supermarkets, agricultural and financial services.