Despite the recent decline in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Exchange.
"devaluation"
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Despite this significant downturn, Ezz remains a top figure in Egypt’s business landscape.
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Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
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Ralph Mupita-led MTN Group expects profits to plunge by up to 90% due to naira devaluations
MTN Group under Ralph Mupita has solidified its position as Africa’s leading telecom service provider, with a customer base exceeding 292 million …
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Nigerian billionaire Femi Otedola’s net worth rises by $300 million despite naira devaluation
The upswing in Otedola’s net worth is attributed to the remarkable performance of his 78.64-percent stake in Geregu Power Plc.
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According to Forbes, Rabiu’s net worth, which soared to $8.4 billion in January 2024, dropped to $5.7 billion.
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The primary cause behind this abrupt plunge in Dangote’s wealth is attributed to the revaluation of his assets, triggered by the recent …
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This is attributed to the Central Bank of Nigeria’s decision to unify the country’s multiple exchange rates, introducing the FX-managed float system …
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Despite the fiscal setbacks he has endured, Ovia’s position as Nigeria’s richest banker remains steadfast.
- West & Central Africa
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.