Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
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Moroccan auto mogul Hakam Abdellatif earns $8.4 million from his stake in Auto Hall in 56 days
Auto Hall is a Moroccan automotive group active in the distribution of multi-brand rolling stock in Morocco.
Nigerian politician Abubakar Sani Bello secures $86.64 million from IsDB to develop infrastructure projects
The funds will be used for constructing and upgrading the Minna-Bida Road in Niger State, Nigeria.
Ten ultra-wealthy Tunisian tycoons you’ve never heard of
Tunisian businessmen have accumulated significant wealth over the years from key companies central to the local economy.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Kenyan tycoon Peter Munga earns nearly $1 million from Britam as shares rise by 20 percent
Britam Holdings is a leading regional insurer with a diversified financial services portfolio.
Mauritian tycoon Hector Espitalier-Noel loses $13.6 million as ENL shares retreat from 20-month high
The drop can be attributed to investor profit-taking actions.
Ivorian tycoon Jean Kacou Diagou buys four insurance firms from billionaire Patrice Motsepe
The deal is still subject to the validation of the supervisory authorities.
Nigerian-American telecom tycoon Sam Darwish moves to list IHS Towers on NYSE
IHS called off an initial plan to list on the U.S. exchange in 2018.
South African retail tycoon Christo Wiese to earn $15.1 million as Shoprite declares final dividend for 2021
Shoprite will pay shareholders a final dividend of $141.1 million from its profit for the 2021 financial year.
Egyptian tycoon Medhat Khalil loses $114.3 million as shares in Raya Holding decline by 40 percent
The multimillion-dollar loss in Khalil’s stake was due to a sustained sell-off on the Egyptian Stock Exchange.
LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Here are five super-rich Algerians worth knowing aside from Issad Rebrab who is worth $4.8 billion
Algeria is expected to be home to more than 6,000 millionaires by the end of the decade.
Gerrit Ferreira’s Rand Merchant Investment moves to unbundle stakes in major insurers
The move is aimed at enabling it to narrow a discount between its share price and the book value.
The 10 most distinguished African women on the international arena
For centuries, people of color — primarily Black Africans — have been marginalized on the world stage.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.