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.
Botswana tycoon Ramachandran Ottapathu’s Choppies posts $11 million in profit as earnings soar
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
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.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Nigerian tycoon Tony Elumelu’s stake in UBA sheds $6.8 million, as shares plunge on NGX
Elumelu is on track to pocket another sizable dividend in 2023.
South African billionaire Nicky Oppenheimer gains $100 million in October
Oppenheimer’s $7.93-billion net worth is derived from a mix of private equity investments.
Somali tycoon Abdirashid Duale’s Dahabshiil donates $500,000 to families affected by Mogadishu bombing
Duale is known for his charitable donations and habit of assisting Somalis in times of need.
Nigerian tycoon Samuel Bolarinde’s Vitafoam posts $11.2 million in profit in 2022
Bolarinde owns a 13.03-percent stake in Vitafoam.
Money Fellows, led by Egyptian founder Ahmed Wadi, raises $31 million for expansion
Wadi worked on a number of projects for Microsoft and Daimler before founding Money Fellows in 2016.
Swazi billionaire Natie Kirsh’s net worth soars by $300 million in October
Kirsh is one of Africa’s wealthiest businessmen.
Africa’s richest man Aliko Dangote’s cement firm posts $486-million profit as energy costs rise
Dangote Cement is finding it hard to outdo its performance last year.
South African mogul Mark Lamberti’s Massmart to close Game stores in Nigeria on Christmas day
Massmart is the continent’s second-largest consumer product retailer.
Tunisian businessman Abdelwaheb Ben Ayed has now lost $4.6 million since start of 2022
Ben Ayed owns a beneficial 3.4 percent stake in the conglomerate.
Energy mogul Bryant Orjiako’s Seplat posts more than $70 million in profit amid surge in oil prices
Orjiako owns a 6.43 percent stake in Seplat Energy.
Mauritian tycoon Arnaud Mayer’s Evaco rebounds from losses, profit soars above $2 million in 2022
Mayer founded Evaco in 2001 as a real estate development company.