Mauritian businessman Hector Espitalier-Noel’s ENL suffers $23.98 million in losses in 2021
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
Hot News
South African businessman Mfundo Nkuhlu receives salary of $1.9 million from Nedbank in 2021
Nkuhlu owns a beneficial 0.043-percent stake in Nedbank, valued at $3.29 million.
James Mwangi to earn $3.3 million in dividends from Kenya’s biggest lender, Equity Group
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
John Kimani-linked Kakuzi posts $2.8 million in profit in 2021
Kimani holds a significant 32.3-percent interest in the company, totaling 6,330,699 shares.
Botswana-based businessman Jonathan Gibson’s stake in Chobe Holdings now worth $20.4 million
Gibson holds a substantial 35.6-percent interest in the group.
Tanzanian businessman Hans Macha gains over $1 million from stake in CRDB Bank
Macha has a fractional 1.25-percent ownership position in the bank.
Egyptian billionaire Naguib Sawiris’ La Mancha moves to invest $10 million in graphite mining firm
The cash proceeds invested by La Mancha will be deployed by SRG to develop its Lola graphite project in Guinea.
Led by Egypt’s richest family, Orascom Construction reports profits of $125.3 million in 2021
The billionaire Sawiris family controls 51.8 percent of the Egypt-based contractor through OS Private Trust Company.
Egyptian investor Hisham Talaat Moustafa loses $12.4 million as Egyptian pound slumps
Moustafa failed to realize dollarized profits from his position.
Kenyan banking mogul James Mwangi’s Equity Group reports record profits of $350 million
Equity Group has grown to become East and Central Africa’s largest financial services firm.
July Ndlovu-led Thungela recovers from deficits; earnings exceed $440 million in 2021
Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
Africa’s richest man Aliko Dangote set to launch continent’s largest fertilizer plant
The $2.5-billion urea fertilizer plant is reported to be the Africa’s largest granulated urea fertilizer complex.
Angolan businessman Alvaro Sobrinho has 10 days to pay deposit of $6.64 million
Aside from the $6.64-million bond, Sobrinho was subjected to a number of coercive measures.
Kenyan businessman Joshua Oigara’s KCB Group plans strategic acquisition in DRC
The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
Family business resilience leads to generational wealth
One of the strengths of family businesses is their ability to create roots similar to trees that embed them in the space they are in.
Led by Abdelmajid Iraqui Houssaini, TAQA Morocco declares profit of $131.3 million in 2021
TAQA Morocco has evolved into a prominent participant in Morocco’s energy industry.