Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
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Influential Egyptian Mahmoud family gains $67.79 million from joint stake in MM Group in 77 days
The gains came off the back of a rise in the company’s share price.
With Maria Ramos at helm, AngloGold moves to buy out Canadian bullion miner Corvus Gold
The move will increase AngloGold’s precious metal reserves and build low-cost production.
Court threatens controversial Nigerian politician Stella Oduah in alleged $46.28-million fraud case
Oduah was brought to court by Nigeria’s Economic and Financial Crimes Commission.
Stake of South African senior executive Josua Malherbe in Remgro gains $1.51 million
Remgro is an investment holding founded by the South African Rupert family in the 1940s.
Stake of Egypt’s Elsewedy family in Elsewedy Electric falls by $162.21 million since early 2021
Elsewedy Electric is an Egypt-based joint-stock company established by the Elsewedy family in 1938.
Mauritian mogul Hector Espitalier-Noel to earn $1.24 million in dividends from stake in ENL Limited
ENL Limited is a holding company of ENL Group, a broad-based enterprise managing over 120 brands.
Namibian tycoon Quinton van Rooyen sees $166.45-million loss as Trustco shares lose half their value
The $167.92-million loss can be linked to a sell-off in the shares of the investment holding.
Israeli mining mogul Dan Gertler loses prized oil blocks in Democratic Republic of Congo
The DRC Hydrocarbons Ministry made the announcement.
Nigerian billionaire Abdul Samad Rabiu has given $29 million so far in 2021. Here’s how.
Rabiu is the sixth wealthiest man in Africa and the founder of BUA Group.
Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
Stake of Zimbabwean mogul John Moxon gains $1.7 million as investors bid Meikles shares to all-time high
Meikles has seen its share price surge by 30 percent in 37 days.
Shares of Herbert Wigwe’s Access Bank are up by $82 million following South Africa unit launch
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
Steve Curtis makes plans to list Caledonia Mining Corporation on Zimbabwe’s new Victoria Falls bourse
The move would see Caledonia reinforce its commitment to Zimbabwe, the home of its Blanket gold mine.
Stake of Namibian financial services tycoon Koos Brandt in Capricorn Group gains $18.75 million
Earlier this year, shares in Capricorn fell sharply on the Namibian Stock Exchange.
Stake of Botswana tycoon Farouk Ismail in Choppies, Far Property now worth $38.74 million
The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.