
Ahmed Ezz sees stake in Ezz Steel surge by $69.2 million after acquiring additional 33.4-percent stake
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
The shares of the leading South African lender have increased by more than 20 percent since April 1.
The move could jeopardize the company’s future.
The facility with a capacity of 1 million tonnes per annum.
Econet Wireless Zimbabwe’s share price has risen by 187 percent since January.
The group already has a 1.5-million-tonne cement grinding facility in the Francophone West African country.
The bank’s share price has risen by 9.42 percent since Jan. 1.
Bolarinde led the company’s board between 2002 and 2013 after retiring as managing director and CEO in March 2002.
Several weeks ago, Dangote launched a $2.5-billion fertilizer plant that produces three times more than local consumption.
The company recently added a new Embraer (E195-E2) to its commercial fleet.
Founded in 1995, the company is Malawi’s first private bank.
Farouk Lawan sought and obtained a bribe from Otedola during a probe into an alleged fuel subsidies scam.
The latest round involves $30 million in equity and $12 million in debt facilities.
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.
The states to benefit from the latest disbursement include Ogun, Sokoto, Kwara and Edo.
The decline can be attributed to the profit-taking activities of retail investors who exited the bank.