Mike Brown’s Nedbank expects mid-year earnings to more than double
The leading South African bank made the disclosure in a voluntary trading update on the Johannesburg bourse.
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Mike Adenuga’s Conoil posts $2.58-million mid-year profit; earnings surge by 213 percent
Its revenue expanded from $139.63 million to $164.27 million.
Pierre Guy Noel’s MCB Group acquires minority stake in Africa Mobile Networks
MCB Group is Mauritius’ most extensive banking institution.
Steve Phiri-led Royal Bafokeng Platinum declares $104.9-million record interim dividend
Cash increased year-on-year by $202.9 million to close on June 30 at $254 million.
Zimbabwean mogul John Moxon earns $2.47 million as Meikles shares surge to all-time high
Moxon is the company’s single largest individual shareholder, with 27,806,808 issued shares.
Tony Elumelu’s Transcorp suffers $8.9-million loss in four days as shares tumble from high
The loss came off the back of a sell-off in the company’s shares.
Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.
Multimillionaire banker Hitesh Anadkat earns $1.3 million as Letshego shares hit high
The gains came off the back of a resurgence in investor interest in the Botswana-based microfinance holding.
Egypt awards Maghagha wastewater treatment plant project to Hassan Allam Construction
The plant is part of the government’s strategy to improve sanitation services in rural areas.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Property tycoon Peter Kamya loses appeal to recover prime properties from Equity Bank Uganda
Kamya is an architect and the proprietor of Simbamanyo Estate.
Johann Rupert’s net worth surges by $590 million in 14 days Richemont’s sales rise
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
Kenyan investment banker Jimnah Mbaru gains $2.3 million in 94 days as Britam shares surge to 14-month high
The gains came off the back of a double-digit increase in Britam Holding’s shares.
Babs Ogundeyi’s Kuda Bank raises $55-million Series B, now valued at $500 million
Kuda Bank is a London-based, Nigeria-operating fintech company.
Javier Ferran-led Diageo increases stake in Tanzanian alcohol subsidiary, EABL
East African Breweries Limited has increased its stake in its Tanzanian subsidiary to 85 percent.
Neal Froneman’s Sibanye-Stillwater increases stake in global battery sector with Eramet SA deal
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.