Kenyan businessman John Kimani-linked Kakuzi posts $6.4 million in profit in 2022
Kimani holds a substantial interest in Kakuzi, amounting to 34.54 percent, or 6,762,133 shares.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.65 million from stake in Tunis-based conglomerate
Ben Ayed owns a 3.4-percent stake in Poulina Group.
Mauritian tycoon Arnaud Mayer’s Evaco surpasses $9 million in revenue in H1 2023
Mayer founded Evaco Group as a real estate development company in 2001.
Egyptian businessman Hisham Talaat Moustafa to pocket $5.5 million in dividends from real estate conglomerate
Moustafa is one of the richest investors on the Egyptian Exchange.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.
Africa’s richest man Aliko Dangote sustains $51.9-million loss in 24 hours after gaining $100 million
Dangote’s net worth stands at an astounding $19.6 billion.
South African tycoon Jonathan Jawno’s Transaction Capital expects earnings to fall by 41 percent in H1 2023
Transaction Capital is a South African financial services group co-founded and led by Jawno.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Kenya’s Moi family secures license to supply electricity from multimillion-dollar power plant
Kenya’s Moi family ranks second as the country’s largest landowner.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria has slumped by $21.5 million within 48 hours
Odili is a former non-executive director of MTN Nigeria, one of Africa’s largest telecom providers.
Michael Jordan considers selling majority stake in billion-dollar Charlotte Hornets franchise
He is expected to maintain a minority ownership interest in the franchise.
Kenyan banker Gideon Muriuki’s Co-op Bank records nearly $170 million in profit in 2022
Co-operative Bank Group is a Nairobi-based financial services group.
Tech billionaire Olugbenga Agboola’s Flutterwave secures electronic money issuer and remittance licenses in Rwanda
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
Nigerian businessman Atedo Peterside gains $1.9 million from stake in Stanbic IBTC
The increase solidifies his position as one of the richest investors on the Nigerian Exchange.