Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
Led by Tunisian Ben Yedder family, Ennakl posts $12 million in profit in 2022
The performance cements Ennakl’s position as one of Tunisia’s most profitable automobile retailers.
Michiel Le Roux to pocket $20.12 million in dividends from Capitec
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.
Kenyan tycoon John Kimani takes $3.2-million hit from Kakuzi stake
Despite the decrease in his stake, Kimani remains one of the richest investors on the Nairobi Securities Exchange.
James Mwangi’s Equity Group acquires $86-million stake in DRC unit
Mwangi has played a pivotal role in the lender’s expansion beyond Kenya.
Mauritian Lagesse family’s stake in IBL soars to new heights, gains $19.52 million
The multimillionaire Mauritian Lagesse family owns a 16.8-percent joint stake in IBL Limited.
Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Nigerian insurance tycoon Wole Oshin loses nearly $2 million in three weeks
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Herbert Wigwe’s Access Holdings posts robust Q1 profit of $154 million
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.
Egyptian tycoon Hassan Allam’s firm to launch integrated logistics platform
Hassan Allam Utilities is an arm of the privately-owned engineering firm, Hassan Allam Holding.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.
Nigerian entrepreneur Etop Ikpe’s Autochek acquires stake in Egypt’s AutoTager
Autochek is a digital automotive commerce firm.
Transcorp’s market cap up by $55 million following Femi Otedola’s acquisition
The company’s market capitalization has surged by $42 million since the news of the acquisition broke on April 12.
James Mwangi’s Equity Group invests $76.7 million in Congo unit
By increasing its investment in DR Congo, the Mwangi-led group aims to solidify its position as a key player in the region.
Strive Masiyiwa’s net worth dips by $100 million after $800-million rise
Masiyiwa derives a significant portion of his billion-dollar fortune from his holdings in Econet Zimbabwe and EcoCash Holdings.