Tunisian tycoon Moncef Mzabi gains $3.4 million from stake in Tunis-based automobile retailer
His company ARTES is a leading player in the automotive industry in Tunisia and North Africa.
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Sam Darwish’s IHS Towers posts $16.9-million in profit in Q1 2022
IHS Towers is a Nigeria-based telecom infrastructure firm.
U.S. billionaire Michael Bloomberg announces $242-million investment to deliver clean energy in Africa
The funds will supplement his existing philanthropic projects.
Egyptian billionaire Nassef Sawiris gains $1.27 billion from stake in OCI N.V.
The billion-dollar bump in his net worth is due to the company’s year-to-date gains.
Seplat Energy wants Nigerian energy mogul Bryant Orjiako to assist with critical tasks after retirement
Orjiako’s stake in Seplat Energy is valued at $118.5 million.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group eyes lithium mining
BUA Group is a leading food, infrastructure, mining and manufacturing conglomerate.
South African mining mogul Neal Froneman fiercely defends his $18.9-million salary
In 2021, Sibanye-Stillwater’s executive directors and officers were handsomely rewarded, with $51.1 million in remuneration.
Founded by Joaquim David, Angolan oil explorer Somoil plans to go public
Somoil is the largest privately-owned oil exploration company in Angola.
Nigerian oil billionaire Tein Jack-Rich declares interest in presidency
Tein Jack-Rich is the founder of Belemaoil Producing Limited.
Kenyan banking tycoon Gideon Muriuki to pocket $882,400 in Co-operative Bank dividends
The dividend will be paid from the group’s retained earnings of $741.9 million at the end of 2021.
Led by Kenyan banker James Mwangi, Equity Group posts $102.4 million in profit in Q1 2022
This follows the lender’s record-high profit of $350.2 billion in 2021.
Egyptian businessman Hatem Samir’s GlobalCorp acquired by SPE Capital
Samir controls a 10-percent stake in GlobalCorp.
Nigerian billionaire Aliko Dangote becomes world’s 61st richest man
Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
Cameroonian banker Alain Nkontchou acquires additional stake in Ecobank for $690,000
Ecobank is one of West and Central Africa’s leading independent regional banking groups.
Greek tycoon John Coumantaros gains $54.1 million from stake in Flour Mills
Coumantaros owns a 63.34-percent stake in the agro-allied group.
Egyptian fintech founder Ashraf Sabry loses $1.4 million from Fawry stake in 38 days
Fawry is one of Africa’s few listed fintech companies.