Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Editorial Team
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.
Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.
Adil Douiri’s Mutandis posts $77.4-million mid-year revenue as Morocco’s beverage consumption rebounds
Compared with last year, the group’s revenues improved by one percent.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Johann Rupert’s net worth surges by $590 million in 14 days Richemont’s sales rise
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
Javier Ferran-led Diageo increases stake in Tanzanian alcohol subsidiary, EABL
East African Breweries Limited has increased its stake in its Tanzanian subsidiary to 85 percent.
Neal Froneman’s Sibanye-Stillwater increases stake in global battery sector with Eramet SA deal
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.
Tanzanian billionaire Mo Dewji pays $8.6 million for 49-percent stake in Simba SC
Simba SC is a leading football club in East Africa and one of the two biggest clubs in Tanzania.
Simon Games Thomas-chaired Caracal Gold to list on Nairobi bourse
Thomas leads the company’s board as non-executive chairman.
Shares of Haresh Soni-led Nairobi Business Ventures see all-time high after Delta takeover
The company has staged the largest-ever short-term rally on the Nairobi Stock Exchange.