Nigerian businessman Tony Elumelu’s UBA earns $283.6 million in profit in 2021
Elumelu derives a total wealth of $46.9 million from his stake in the pan-African bank.
Hot News
Wealthy South African Mouton family moves to delist investment holding from JSE
PSG Group, a South African-based investment holding company founded and led by one of the country’s wealthiest families, the Mouton family.
Kenyan liquor tycoon Tabitha Karanja appeals to gov’t to intervene in KRA tax dispute
Karanja founded Keroche Breweries in 1997.
Linked to Malawian tycoon Hitesh Anadkat, Letshego posts $62.8 million in profit in 2021
Letshego’s market cap is valued $313.4 million, while Anadkat’s 2.76-percent stake is worth $8.6 million.
Egyptian businessman Loutfy Mansour says ‘he is not pursuing bid to buy Chelsea’ from Roman Abramovich
Mansour is the CEO of Man Capital, the private equity investment business of the Mansour Group.
Kenyan businessman John Kimani gains over $1.6 million from stake in Kakuzi
Kakuzi is a leading agro-allied company listed on the Nairobi Stock Exchange.
Billionaire businessman Mohammed Al-Amoudi loses over $370 million in 62 days
The mogul controls valuable assets in Sweden, Saudi Arabia and Ethiopia, and is Ethiopia’s richest man.
Richest investor on Nairobi Stock Exchange Aga Khan IV loses nearly $10 million since start of 2022
Aga Khan IV remains the Nairobi Exchange’s richest investor, with a total portfolio worth of more than $105 million.
Nigerian businessman Olajide Omokore denies buying high-end cars and real estate for former petroleum minister
Omokore said his connection with Alison-Madueke was no more than professional.
South African billionaire Patrice Motsepe’s ARM posts $242 million in profit in H1 2022
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
Led by Alan Pullinger, FirstRand earnings surpass $1 billion in H1 2022
Pullinger’s beneficial 0.1-percent stake in FirstRand Limited is worth R387.2 million ($25.4 million).
Nigerian energy tycoon Austin Avuru to focus on family business following exit from Seplat
Avuru is the founder of AAH Holdings, a Lagos-based proprietary investment business.
Nigerian banker Jim Ovia looks set to receive $34.1 million in Zenith Bank dividends
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
Africa’s richest man Aliko Dangote to earn $704 million in dividends from cement company
Dangote Cement is Africa’s largest cement producer.
South Africa’s richest man Johann Rupert loses $1.23 billion due to Russian invasion
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
Ramachandran Ottapathu’s Far Property posts $4.34 million in profit in H1 2022
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.