American-Nigerian tycoon Sam Darwish’s IHS posts $214 million in losses in 9M 2022
Darwish owns 3.5 percent of IHS Holdings.
West & Central Africa
Gas tycoon Julius Rone’s UTM signs design contract for Nigeria’s first floating LNG plant
Rone said the facility will be an enabler of industry expansion.
Nigerian insurance tycoon Wole Oshin’s stake in Custodian now worth $18.9 million
Since Jan. 4, the market value of Oshin’s stake in Custodian has declined to $18.9 million.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria now worth $350 million
Odili is also the chairman and executive director of Aeromaritime Group.
Africa’s richest man Aliko Dangote is now richer than Binance boss Changpeng Zhao
Dangote has a net worth of $18.3 billion.
26-year-old Nigerian entrepreneur becomes youngest Black woman to raise $10 million
Olowe is a serial entrepreneur who recently graduated from UCLA.
Nigerian mogul Pascal Dozie’s stake in MTN Nigeria now worth $148 million
Dozie still owns a 1.6-percent stake in the telecom service provider.
Court cancels corruption allegations against Nigerian billionaire Benedict Peters
Peters is the founder of Aiteo Group.
Nigerian banker Herbert Wigwe acquires additional stake worth $1.5 million in Access Holding
The deal has solidified his interest in the group.
Nigerian telecom billionaire Mike Adenuga has now lost $1 billion since start of 2022
Adenuga is one of the world’s 500 wealthiest billionaires.
Namibian tycoon Quinton van Rooyen’s Trustco gets suspended from JSE after court loss
Trustco takes pride in investing in high-quality world-class assets.
Ghana’s richest stock investor Daniel Ofori loses more than $11 million from stake in GCB Bank
Ofori owns 7.49 percent of GCB Bank.
Africa’s richest billionaire Aliko Dangote gains $700 million in one week
Dangote’s net worth has rose by $700 million in the past week.
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.
Nigerian banker Herbert Wigwe acquires another 45 million shares in Access Holdings
Access Holdings is Nigeria’s largest financial services group by assets.
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.