South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
Hot News
Nigerian banker Herbert Wigwe acquires another 45 million shares in Access Holdings
Access Holdings is Nigeria’s largest financial services group by assets.
Egyptian billionaire Nassef Sawiris-linked Orascom begins construction of 500-MW wind farm
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Greek mogul John Coumantaros’ Flour Mills suffers $11-million reduction in profit in H1 2023
Coumantaros controls 63.3 percent of Flour Mills through Excelsior Shipping Company Limited.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Mauritian tycoon Arnaud Lagesse’s IBL rebounds after two difficult years
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
Kenyan mogul John Kimani-linked NMG announces layoffs as restructuring commences
Kimani owns a significant 2.35-percent stake in NMG.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Egyptian billionaire Nassef Sawiris-linked Fertiglobe posts $1.07 billion in profit in 9M 2022
Fertiglobe is a 58-42 percent joint venture between OCI N.V. and ADNOC.
Abdul Samad Rabiu to construct $2.3-million ICT hub at Nigerian university
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Egyptian billionaire Naguib Sawiris’ Ora Developers inks $103.1-million contract with Orascom
Ora Developers is a real estate operator and joint stock company.
Nigerian tycoon Tony Elumelu’s stake in UBA sheds $6.8 million, as shares plunge on NGX
Elumelu is on track to pocket another sizable dividend in 2023.
Ye’s net worth slumps by $1.6 billion to $400 million in days
Ye’s $400-million fortune is made up of real estate, cash, a music catalog, and a five-percent stake in Skims.
South African mogul Neal Froneman’s Sibanye-Stillwater may cut 2,000 jobs
Sibanye-Stillwater is a multinational precious metal mining group.
OPEC says Aliko Dangote’s petrochemical refinery to account for over half of Africa’s refining additions
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis
Otedola is one of Nigeria’s richest men.