Kenyan businessman Benson Wairegi’s stake in Britam Holding gains $545,000
Wairegi is Kenya’s longest-serving CEO of a listed company.
Editorial Team
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
Malagasy mogul Hassanein Hiridjee’s Axion embarks on solar plant mega-expansion project
The move will see Axion boost the plant’s capacity to 40 MWp.
Moroccan outsourcing mogul Karim Bernoussi forecasts $600 million in revenue for 2021
The company is one of France’s top-5 customer service outsourcers.
Stake of Mauritian Lagasse family in IBL Limited now worth $130.24 million
The family is known for its role in modernizing industry and commerce in Mauritius.
Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
Naguib Sawiris-linked Endeavour Mining lists on London Stock Exchange
Endeavour Mining is West Africa’s largest gold producer.
Australian billionaire Andrew Forrest moves to develop world’s largest hydropower project in Congo
Forrest has held talks with the DRC to acquire the exclusive rights to develop the Grand Inga Dam.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.
Stake of late Kenyan tycoon Christopher Kirubi in Centum surged by $2.8 million in two weeks
The gains in his stake can be attributed to the increase in the company’s share price on the Nairobi Stock Exchange.
Africa’s fourth richest billionaire Mike Adenuga to pocket $1.88 million in Conoil dividends
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.
Kenyan media mogul John Kimani’s stake in Kakuzi surges by $1.17 million
The gains are due to the recent rise in the company’s shares on the Nairobi Stock Exchange.
South African billionaire Christo Wiese’s stake in Shoprite declines by $36 million
The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.
Gidon Novick-linked Global Airway acquires controlling stake in debt-ridden South Africa Airways
Global Airways and Harith General Partners will acquire a 51-percent stake in South African Airways.
South African cable behemoth offers $281.5 million for stake in Adekunle Adeniji’s BetKing
The offer came after Multichoice’s board granted approval to increase its stake in the sports betting company.