Moroccan politician Adil Douiri to earn $529,545 in dividends from stake in Mutandis SCA
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
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Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Kenyan businessman Benson Wairegi’s stake in Britam Holding gains $545,000
Wairegi is Kenya’s longest-serving CEO of a listed company.
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.
Malagasy mogul Hassanein Hiridjee’s Axion embarks on solar plant mega-expansion project
The move will see Axion boost the plant’s capacity to 40 MWp.
Moroccan outsourcing mogul Karim Bernoussi forecasts $600 million in revenue for 2021
The company is one of France’s top-5 customer service outsourcers.
Stake of Mauritian Lagasse family in IBL Limited now worth $130.24 million
The family is known for its role in modernizing industry and commerce in Mauritius.
Nigerian banker Herbert Wigwe’s stake in Access Bank gains $4.05 million in 43 days
An uptick in the bank’s share price steered the increase in his stake’s market value.
Detained Tunisian media mogul Nabil Karoui released as case continues
Earlier, Karoui launched a hunger strike to protest his detention.
Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.
A blitz interview with Mohammad Al Duaij, a scion of one of Kuwait’s most prominent dynasties
Al Duaij is the CEO of Alea Global Group.
South African billionaire Patrice Motsepe’s Alexander Forbes Group hunts for new deals
The company is on the hunt for new acquisitions in a bid to build out its employee benefits offering.