Egyptian billionaire Ghabbour family loses $32.1 million in 12 days
The Ghabbour family, Egyptian billionaires, have experienced a notable decrease in their wealth as the market value of their holding in GB…
Led by Tunisian Ben Yedder family, Ennakl posts $45.1 million in revenue in Q1 2024
Ennakl Automobiles, a Tunisia-based car dealership is majority-owned (53.3 percent) by the billionaire Ben Yedder family.
South African tycoon Jens Montanana loses $2.4 million from Datatec stake
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the JSE.
Ethiopia’s richest man Mohammed Al-Amoudi loses $260 million in two weeks
This follows a $320-million gain in Al-Amoudi’s net worth between March 28 and April 12.
South African billionaire Michiel Le Roux’s Capitec Bank announces $20.37-million dividend payout
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
Eaton secures $26.6 million in tax credits for U.S. clean energy push led by Black exec Craig Arnold
The award recognizes Eaton’s $200-million-plus investments in clean energy projects and workforce training across facilities in Texas and Wisconsin.
Nigerian tycoon Atedo Peterside’s Stanbic IBTC plans $442.8-million capital boost
A financial services group with total assets of $4 billion as of Dec. 31, 2023, Stanbic IBTC ranks among the top 15 most valuable companies on the Nigerian Exchange.
South African billionaire Mouton family firm hits $21.3 billion in assets under management
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
Backed by Kenya’s richest, NCBA Bank hikes loan rates: What it means for your wallet
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
South African billionaire Koos Bekker’s Naspers pumps $56 million into share buyback to boost shareholder value
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
South African billionaire Michiel Le Roux’s Capitec Bank reports $550.8 million in earnings
Demonstrating its commitment to shareholder returns, Capitec Bank’s board of directors declared a final dividend of R3.345 ($0.1754) per share on April 22, 2024.
Mansour family firm to launch new car model in Egypt with $20 million
The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
Karooooo shares propel South African tech leader Zak Calisto’s wealth by $33 million
Calisto, who holds a 74.7-percent stake in Karooooo worth more than $640 million, ranks as one of Africa’s leading tech entrepreneurs.
Nigerian chess master Tunde Onakoya seeks $1-million funding for initiative
Onakoya aims to empower one million underprivileged children within five years by providing free chess instruction, after-school programs, and tournaments.
Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.