Led by Kenyan banker James Mwangi, Equity Group posts $102.4 million in profit in Q1 2022
This follows the lender’s record-high profit of $350.2 billion in 2021.
Cameroonian banker Alain Nkontchou acquires additional stake in Ecobank for $690,000
Ecobank is one of West and Central Africa’s leading independent regional banking groups.
Kenyan tycoon Rohan Patel gains $1.2 million in two weeks from stake in Sanlam Kenya
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
Led by Polish entrepreneur Iliana Montauk, Manara raises $3 million to expand talent pool in North Africa
The edtech startup was founded last year by Montauk and Laila Abudahi.
South African executive Andre Joubert sells $1.33 million in shares in leading miner, ARM
Joubert has been the CEO of ARM’s Ferrous Division since July 2012.
Egypt’s richest man Nassef Sawiris now wealthier than Henry Samueli; net worth over $7.25 billion
The billionaire’s net worth has risen by $738 million since the start of the year.
Moroccan billionaire Alami Lazraq gains $42.2 million from stake in Casablanca-based home builder
Lazraq is one of Morocco’s wealthiest businesspeople.
Tanzanian billionaire Rostam Aziz, AXIAN Group to invest $430.2 million in MIC Tanzania
Aziz had a net worth of $900 million in 2015.
Mauritian Doger de Speville family loses $1.25 million in 78 days
The family controls a 12.8-percent stake in Medine Limited, worth almost $20 million.
Mauritian Espitalier-Noel family gains $5.3 million from stake in ENL
The Espitalier-Noel family is one of the wealthiest families in Mauritius.
Kenyan tycoon Joshua Oigara’s KCB Group launches new subsidiary in Rwanda after merger
KCB Group operates as a holding company for subsidiaries across Africa.
Ivan Saltzman’s Dis-Chem to receive $1.48 million from SASRIA over civil unrest
The payment will be made as part of the healthcare firm’s insurance coverage in South Africa.
Ugandan tycoon Charles Mbire’s MTN Uganda earns $23.7 million in profit in Q1 2022
The surge in earnings was driven by an 11-percent increase in service revenue and a 45-percent increase in data revenue.
Egyptian mogul Hani Berzi gains $23 million in 47 days from stake in Edita Food Industries
The gains are due to a double-digit percent increase in the company’s share price.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Highly indebted Nigerian tycoon Jimoh Ibrahim declares intention to run for seat in Senate
Ibrahim is the chairman of Global Fleet Group, a floundering West African conglomerate.