Kenyan banker James Mwangi earns $13.1 million as Equity Group shares return to pre-pandemic levels
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.
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Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
38-year-old director Guillaume Dalais loses $1.9 million as CIEL shares plunge from record high
The near-$2-million loss came from a 27-day, double-digit decline in the group’s share price.
South African Mouton family loses $18.85 million in 54 days as PSG Group shares retreat from high
Shares in the holding had risen to an all-time high on June 17.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.
Ramachandran Ottapathu’s stake in Choppies, Far Property, Afinitas now worth $40.93 million
Ottapathu has played a key role in the growth and development of Botswana’s real estate sector.
Media mogul Samuel Kamau Macharia partially loses control of estate to grandson
Macharia is the chair of Royal Media Services, the largest private radio and TV network in East Africa.
Founder of Africa’s largest pharma company Stephen Saad earns $94.68 million in 38 days
Shares in his Aspen Pharmacare Holdings are surging to record highs.
Neal Froneman’s Sibanye-Stillwater says mid-year profit to increase by 168 percent to $1.69 billion
The group expects its mid-year profit to be around $1.69 billion.
Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.