Ghanaian tycoon Papa Kwesi Nduom wins $29.36-million court case against Health Network Company
To the disbelief of the court, Health Network offered offered the companies a failed ₵2-million ($334,947) cheque.
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$250-million stake in Kudakwashe Tagwirei-linked Kuvimba Mining House Limited was gift, Zimbabwe says
The stake was donated to support the government in its efforts to compensate evicted White farmers.
South African billionaire Michiel Le Roux loses $173.59 million as Capitec Bank shares fall
Capitec is South Africa’s largest lender by number of customers and a leading global brand.
Kenyan businessmen Joe Wanjui and James Muguiyi sell UAP shares worth a total of $29.6 million
The transaction raised Old Mutual Holdings’ stake in UAP from 60.7 to 66.7 percent.
Neal Froneman’s Sibanye-Stillwater losses $1.43 billion after mine closure announcement
As of press time, its shares were trading 7.17-percent lower than its opening price for the day.
Malawian banking tycoon Hitesh Anadkat earns $764,000 from stake in Letshego Holdings
The $764,000-gain can be linked to a rise in the market value of Anadkat’s stake in Letshego Holdings.
Stake of Hyundai Automotive South Africa CEO Niall Lynch in Motus declines by $7.55 million
The $7.55-million loss came off the back of a sell-down in the company’s share.
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.
Congolese billionaire Paul Obambi to start $1-billion railway project in Congo Brazzaville
The project will link the southwestern town of Mayoko to a seaport at Pointe-Noire.
Stake of Egyptian businessman Safwan Thabet in Juhayna Food Industries gains $44.42 million
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.
Neal Froneman’s Sibanye-Stillwater likely to shut down South African gold mines in next decade
The closure will most probably occur due to low returns as it becomes harder to exploit aging assets in the country.
Mauritian tycoon and investor Arnaud Dalais earns $2.14 million in 14 days from his stake in CIEL Limited
The rise in the market value of his shares occurred on the back of sustained bullish sentiment in the company.
Indian angel investor, Unbound Founder Shravin Mittal loses $101.78 million in 76 days in Airtel Africa
The loss occurred as investors repriced shares after new SIM registration regulations were introduced in Nigeria.
Kenyan banking tycoon Suresh Bhagwanji Shah loses $4 million as I&M Holdings shares dip
The decline occurred as investors sold down the bank’s shares, leading to a double-digit dip in the share price.
South Africa-born billionaire Morris Kahn to donate $70 million to Israel’s SpaceIL project
SpaceIL is a nonprofit Israeli organization established in 2011.