Lagos-based Greek tycoon John Coumantaros’ stake in Flour Mills nears $100 million
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
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IHS stake of U.S.-Nigerian telecom executive Sam Darwish tops $60 million
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
GEIL completes $400 million onshore project under Anthony Adegbulugbe
Anthony Adegbulugbe’s GEIL completes the $400 million Otakikpo terminal, Nigeria’s first indigenous onshore crude export hub in over 50 years.
Ladi Balogun leads FCMB to $157 million gross earnings in Q1 2025
FCMB Group, led by Ladi Balogun, reported strong Q1 2025 results with gross earnings of $157 million, solidifying its position among Nigeria’s top financial institutions.
Aliko Dangote’s sugar business eyes Ghana’s $162 million import market
Dangote Sugar expands into Ghana with a $162 million project to reduce imports, boost agro-industrial output, and support local supply under AfCFTA.
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Elon Musk's SpaceX, Airtel Africa partner to expand rural connectivity
SpaceX and Airtel Africa team up to roll out Starlink’s low-latency internet, aiming to bridge rural Africa’s digital divide with satellite connectivity.
South African businessman Swartzberg nets $36 million from Discovery stake
Swartzberg, a top figure in South Africa’s financial services industry, owns a 3.92-percent stake in Discovery, about 25.95 million shares.
Trustco, led by Quinton van Rooyen, loses $11 million tax case
Trustco loses court bid as Namibia upholds NAD305.5 million ($16.7 million) tax recovery.
Kenya’s largest landowner loses $9.5 million on NCBA stake
This drop comes after a significant fall in the bank’s share price on the Nairobi Securities Exchange (NSE).