Malawian tycoon Thomson Mpinganjira convicted in 2019 presidential election bribery case
The multimillionaire had pleaded not guilty to six bribery-related charges.
Editorial Team
Moroccan billionaire Aziz Akhannouch’s party secures majority of seats in legislative elections
Meanwhile, the ruling Development Party secured only 12 seats.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Tunisian director Khaled Fakhfakh earns $1.1 million as BIAT shares soar by 21 percent in 153 days
Shares in the bank have increased by double digits since the start of the year.
Linus Gitahi-led Diamond Trust Bank Group records 20.1-percent rise in H1 2021 revenue
The bank recorded growth in net profit in H1 2021 from $23.9 million last year to $28.7 million.
Namibian tycoon Wilhelm Shali to earn 15-percent stake in African Pioneer’s Namibia projects
Shali will personally own a 15-percent stake in the projects.
Joshua Oigara-led KCB Group acquires Rwanda bank, Banque Populaire du Rwanda
The move increases the group’s market share in the Rwandan retail and SME banking sector.
Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
Mohammed Abdeljalil-led Marsa Maroc posts $193.61-million mid-year revenue
Compared with last year, the group’s consolidated revenue rose by 20 percent.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.