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.
Editorial Team
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.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.
Gideon Muriuki earns $1.10 million in 33 days from two-percent stake in Co-operative Bank of Kenya
The market value of his stake has increased from $14.22 million between June 21 and July 24.
Ken Njoroge’s Cellulant Corporation receives nod to operate in Tanzania
The company will offer the market seamless payments solutions with its globally acclaimed product, Tingg.
Zak Calisto’s Karooooo Limited posts $7.38 million in profits for Q1 2022, as earnings fall
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.
Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.
South African billionaire Michiel Le Roux loses $173.59 million as Capitec Bank shares fall
Capitec is South Africa’s largest lender by number of customers and a leading global brand.
Neal Froneman’s Sibanye-Stillwater losses $1.43 billion after mine closure announcement
As of press time, its shares were trading 7.17-percent lower than its opening price for the day.
U.S.-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei donates $170 million to state for COVID-19 vaccines
Sakunda Holdings claims the effort will help the state mitigate the effects of COVID-19 in the country.
Mauritian tycoon and investor Arnaud Dalais earns $2.14 million in 14 days from his stake in CIEL Limited
The rise in the market value of his shares occurred on the back of sustained bullish sentiment in the company.