Uganda’s richest investor Charles Mbire gains $4.7 million from stake in MTN Uganda
The $4.7-million bump in his stake solidifies his position as the richest investor on the Uganda Stock Exchange.
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Nigerian president taps Africa’s richest man Aliko Dangote to head Nigeria End Malaria Council
Dangote was chosen due to his track record and passion for supporting public health issues.
July Ndlovu-led Thungela posts record profit of $585 million as coal price soars
Thungela is a market leader in the production and export of high-quality, low-cost thermal coal.
John Kimani-linked Kakuzi partners with California-based berries seller, Driscoll’s
Kimani, a member of Kakuzi’s board of directors, owns 32.3 percent of the company, or 6,330,699 shares.
Ethiopian billionaire Mohammed Al Amoudi’s wealth slumps after earning $230 million in July
His net worth fell in the first two weeks of August by $140 million.
Led by South African exec Mike Teke, Seriti Resources acquires majority stake in Windlab Africa
Teke is the founder of Masimong Group and one of Seriti Resources Holdings’ four shareholders.
Aga Khan IV-backed Jubilee to receive $2.27 million from sale of Mauritian insurance subsidiary
Jubilee Holdings is a Kenyan investment holding company.
Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Egyptian billionaire Yasseen Mansour gains $1.86 million in 74 days from Palm Hills stake
Mansou owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Nigerian billionaire Abdul Samad Rabiu unveils $23.8-million security support fund
It is the single largest donation to a philanthropic cause made by a Nigerian businessman.
Led by South African mogul Neal Froneman, Sibanye-Stillwater slashes output target for U.S. mines
The news comes nearly two months after it suspended operations in Montana for seven weeks.
Kenyan banking exec Andrew Ndegwa gains $1.5 million in 43 days from investment in NCBA Group
Ndegwa, an executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group.
Mike Adenuga beats out Abdul Samad Rabiu to reemerge as Nigeria’s second-richest billionaire
His net worth has dropped by more than $400 million this year as Globacom’s share price sank.
Billionaire Gbenga Agboola’s Flutterwave faces allegations of financial impropriety amid IPO plans
Despite the allegations, the firm is continuing to prepare for its IPO.
African-American billionaire Oprah Winfrey files lawsuit against creators of ‘Oprahdemics’ podcast
As the “Queen of Talk,” Winfrey has built a thriving media empire that includes Harpo Productions.
Malagasy tycoon Hassanein Hiridjee says Africa needs to invest in clean energy transition
Hiridjee is one of Madagascar’s wealthiest and most powerful business leaders.