Jumia gains $250.7 million in 17 days after alleged takeover bid by Nigerian tech mogul Leo Stan Ekeh
Jumia shares have skyrocketed as of late.
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Moroccan businessman Adil Douiri loses $2.6 million from stake in Mutandis
Douiri owns 6.88 percent of the consumer goods firm.
Nigerian tycoon Akanimo Udofia wins Akwa Ibom APC governorship primary
Udofia is the owner of Desicon Engineering.
Swazi billionaire Natie Kirsh gains $340 million in five days
Kirsh’s net worth is now estimated at $7.82 billion.
Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
Moroccan pharmaceutical tycoon Lamia Tazi loses $9.4 million from her stake in Sothema
Tazi owns a sizable 3.93-percent stake in the company, totaling 282,644 shares.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $28.8 million in profit in Q1 2021
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
Nigerian oil tycoon Michael Prest’s Petrodel to revive gas production in Tanzania
Petrodel Resources was founded in 2001.
5 multimillionaires from Ivory Coast you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Burkina Faso you’ve never heard of
You might not know their names, but you should.
Egyptian tycoon Raouf Ghabbour’s GB Auto marks impressive profit in Q1 2022
The Ghabbour family owns a 62.9-percent stake in GB Auto.
U.S.-Nigerian telecom tycoon Sam Darwish says there is room for further acquisitions in Latin America
His Lagos-based telecom company reported a profit of $16.9 million in the first quarter of 2022.
Nigerian gaming tycoon Kunle Soname ventures into aviation
Soname is a Nigerian gaming tycoon and chairman of Bet9ja.
Led by Egypt’s richest family, Orascom Construction sees profit drop 43.1 percent in Q1 2022
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
South African billionaire Patrice Motsepe, wife join world leaders at 2022 WEF Annual Meeting in Davos, Switzerland
Motsepe is a member of the WEF Board of Trustees.