Tunisian businessman Hisham Ahmed Al-Rayes’ GFH acquires British International School of Tunis
The move further expands GFH’s presence on the Tunisian market.
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Hyundai South Africa CEO Niall Lynch’s stake in Motus Holdings gains $29.3 million
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.
CEO Alan Pullinger’s stake in FirstRand gains $650,000 amid high investor expectations
The bank’s earnings are expected to rise by at least 35 percent in the year through June.
Telecom billionaire Mo Ibrahim criticizes wealthy nations for hoarding COVID-19 vaccine
The telecom mogul stressed that global competition for vaccines has left emerging countries in dire straits.
Gambian real estate mogul Mustapha Njie looks to create 25 million jobs in Africa
Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.
Zimbabwean star financier Andrew Chimphondah inks affordable housing deal with BancABC
Chimphondah’s Shelter Afrique focuses exclusively on supporting affordable housing in Africa.
Egyptian billionaire Samih Sawiris first foreigner to receive honorary citizenship in Swiss canton of Uri
Sawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
Africa’s wealthiest man Aliko Dangote gains $300 million as shares in Dangote Cement rise
The share price increased from $0.51 (N212.00) on June 1 to $0.54 (N221.50) at close of market today.
Egyptian auto mogul Raouf Ghabbour’s shares in GB Auto decline by $21 million
The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.
Real estate mogul Hisham Talaat Moustafa set to build $31.82-billion housing project in Egypt
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.
Nigerian investor Temitope Lawani to pocket $802,000 in dividends from Vivo Energy Plc
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.
Moroccan mogul Alami Lazraq’s shares in real estate giant surge by $7.1 million
Alliances Developpement Immobiliere Ste SA’s shares have risen by 18 percent on the Casablanca Stock Exchange.
Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
Greek multimillionaire John Coumantaros’ stake in Flour Mills of Nigeria gains $15.6 million in 158 days
The gains can be attributed to the company’s increased share price on the Nigeria Stock Exchange.
Zimbabwean businessman John Thomas Moxon’s stake in Meikles gains $4.1 million in 152 days
Meikles has a diverse portfolio of investments in hospitality, retail, supermarkets and financial services.
French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.