Tanzanian billionaire Rostam Aziz, AXIAN Group to invest $430.2 million in MIC Tanzania
Aziz had a net worth of $900 million in 2015.
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Egyptian mogul Ahmed Ezz gains $35.3 million in 19 days from stake in steelmaker
Ezz is one of the wealthiest men in Egypt.
Zimbabwean mogul Paddy Zhanda gains over $1.5 million from Masimba in 71 days
Masimba Holdings is a well-established Zimbabwean group.
Led by Ghanaian tycoon, Samuel Jonah, Helios Towers posts $127.5 million in revenue in Q1 2022
Its revenue rose by 23 percent to $127.5 million.
Nigerian billionaire Mike Adenuga’s Conoil reports $1.34 million in profit in Q1 2022
Adenuga’s 74.4-percent stake in the company is worth $32.6 million.
Mauritian Espitalier-Noel family gains $5.3 million from stake in ENL
The Espitalier-Noel family is one of the wealthiest families in Mauritius.
Aga Khan IV to pocket $1.2 million in dividends from Nation Media Group
Aga Khan IV indirectly owns 44.7 percent of the company.
Kenyan tycoon Joshua Oigara’s KCB Group launches new subsidiary in Rwanda after merger
KCB Group operates as a holding company for subsidiaries across Africa.
Africa’s richest man Aliko Dangote’s net worth rises by $1.57 billion
This is significantly greater than the $1.3-billion increase in his net worth in 2021.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
Egyptian mogul Hani Berzi gains $23 million in 47 days from stake in Edita Food Industries
The gains are due to a double-digit percent increase in the company’s share price.
Swazi billionaire Natie Kirsh loses $280 million in April 2022
The loss is due to a decrease in the valuation of his majority stake in Jetro Holdings.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Nigerian tycoon Oba Otudeko pockets $53 million from Flour Mills-Honeywell deal
Otudeko owns 66.8 percent of Honeywell Flour Mills.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports $8.3 million in profits in 2022
Abdoola is the company’s largest individual owner, with a 14-percent stake.
Highly indebted Nigerian tycoon Jimoh Ibrahim declares intention to run for seat in Senate
Ibrahim is the chairman of Global Fleet Group, a floundering West African conglomerate.