Egypt’s richest billionaire Nassef Sawiris earns $370 million in 13 days
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
Editorial Team
Tycoon philanthropist Tony Elumelu looks to build Nigeria’s first nuclear power plants
The move aligns with the plans of his company, Transcorp, to boost its integrated energy strategy.
Multichoice loses $578.69 million after acquiring additional stake in Adekunle Adeniji’s BetKing
Multichoice Group offered $281.5 million for the stake in BetKing.
South African billionaire Johann Rupert loses $440 million in June
The decline followed a drop in the value of his stakes in Reinet Investment and Remgro Limited.
Jim Ovia’s Zenith Bank retains spot as Nigeria’s top tier-1 capital bank
Zenith topped the list of Nigerian banks in a global ranking published by The Banker Magazine.
Stake of Kenyan advertising mogul Bharat Thakrar in WPP Scangroup loses $342,170 in 61 days
The decline comes on the back of a sell-down in the marketing and communications company’s shares.
Samih Sawiris’ Orascom seeks to build rail line linking Egypt and Sudanese capital of Khartoum
The Egyptian Transport Ministry has unveiled a plan to introduce a rail line linking Alexandria and Khartoum.
BUA Group Chairman Abdul Samad Rabiu made first president of France-Nigeria Business Council
French President Emmanuel Macron inaugurated the council on the sidelines of the Choose France Summit in Versailles.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital Holdings gains $27.12 million in 89 days
The increase can be linked to gains in the group’s shares on the Malawi Stock Exchange.
Tanzanian gold magnate Ketan Patel loses $897,456 in 27 days from stake in Shanta Gold
Shares in the gold producer surged by 45 percent from April 1 to June 1.
Ghanaian investor Patrick Kingsley-Nyinah to pocket $132,299 in dividends from Ghana Oil
GOIL is a leading player in Ghana’s oil and gas sector.
Abdul Samad Rabiu’s ASRi awards Ghana with $3-million educational infrastructure grant
Ghana will receive the grant from ASRi’s annual $100-million Africa Fund for Social Development and Renewal.
Discovery losses $708.87 million after founders Adrian Gore and Barry Swartzberg sell off shares
Earlier, the founders sold off close to $4.86 million of their shares in the diversified multinational financial service group.
CEO Peter Ndegwa to deploy Kenyan staff to help boost Safaricom’s Ethiopia operations
The Ethiopian unit will have its own CEO, senior executives and management team.
Air Liquide acquires world’s largest oxygen producer; CEO Benoit Potier says ‘key milestone’
Sasol is the world’s largest oxygen producer located in Secunda, South Africa.
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.