Nigerian businessman Herbert Wigwe loses $3.14 million as Access Bank shares retreat from record highs
Wigwe nonetheless ranks among the wealthiest investors on the Nigerian Exchange.
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Nigerian energy magnate Ambrosie Bryant Orjiako steps down as chairman of Seplat Energy
A board announcement issued by the energy group from its offices in Lagos confirmed the transition.
Ethiopian billionaire Mohammed Al-Amoudi loses $170 million in two weeks
Al-Amoudi’s $7.05-billion net worth makes him the richest man in Ethiopia, and one of the wealthiest men in Africa.
Egyptian tycoon Hend El-Sherbini’s IDH reports highest-ever 9M profit as COVID-19 tests drive growth
IDH is a leading consumer healthcare group in the Middle East and Africa, with operations from Egypt to Nigeria.
Moi family of Kenya sells stake in Siginon Aviation in $15.2-million deal
Siginon Aviation is controlled by the family of the late Kenyan head of state, Daniel Arap Moi.
Pieter Engelbrecht-led Shoprite Holdings reports 9.3-percent rise in sales in Q1 2022
Earlier, the group’s core business, Supermarkets RSA, reported an 11.6-percent increase in sales in Q1 2021.
Nigerian energy magnate Austin Avuru to pocket $945,463 in Seplat interim dividends for Q3 2021
Seplat Energy is an independent oil and gas group, with a strategic focus on Nigeria’s Niger Delta region.
Amid operating difficulties, Shameel Joosub-led Vodacom Group reports decline in profit in H1 2021
Vodacom Group is a South African telecom company, providing voice, messaging, data and converged services.
Royal Family of Morocco loses $272.05 million in three weeks as shares in Morocco’s largest bank decline
Attijariwafa Bank is a Moroccan multinational commercial bank based in Rabat, Morocco.
Africa’s wealthiest man Aliko Dangote loses younger brother, Sani Dangote
The death of the Nigerian industrialist has sent shock waves across Africa’s richest economy.
Sanctioned tycoon Kudakwashe Tagwirei joins deal to create financial behemoth in Zimbabwe
The post-merger entity to be created through the acquisition will rival Old Mutual Zimbabwe.
Adegoke Olubusi’s Helium Health acquires Qatar-based doctor booking platform, Meddy Inc.
Founded by Olubuisi and partners in 2016, Helium Health is a leading healthcare technology services provider in Africa.
Nigerian banking tycoon Tony Elumelu supports 4,949 Africans with $24.75 million in 2021
The entrepreneurs were selected from a pool of more than 400,000 applicants in 54 African countries.
Richest Black man alive Aliko Dangote now worth over $20 billion, net worth up by +$2.4 billion in 2021
So far this year, his personal net worth is up 13.6 percent, an average gain of $7.66 million per day.
Ackerman family to pocket more than $2.9 million in dividends from South Africa’s Pick n Pay
Pick n Pay is South Africa’s second-largest retailer, with more than 2,000 stores in eight African countries.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l gears up to launch e-currency in Togo
CBI is a leading banking group in Burkina Faso, with active operations across Francophone Africa.