Led by Abdelmajid Iraqui Houssaini, TAQA Morocco declares profit of $131.3 million in 2021
TAQA Morocco has evolved into a prominent participant in Morocco’s energy industry.
Led by Egyptian Khamis family, Oriental Weavers open four new sales locations in Egypt
Oriental Weavers’ market capitalization is now valued at $324.9 million.
Nigerian banker Herbert Wigwe is set to receive $2.56 million in dividends from Access Bank
Wigwe has played a key role in the growth and expansion of the pan-African banking group.
Dubai-based businessman Sultan Ahmed bin Sulayem’s DP World acquires South African logistics firm
The buyout will see South African businessman Mohammed Akoojee earn at least $1.5 million.
Nigerian banking tycoon Tony Elumelu gains $3.7 million from stake in UBA since start of 2022
Elumelu is the founder of Heirs Holdings and Transcorp.
Angolan businessman Alvaro Sobrinho under investigation for allegedly embezzling $387 million
In 2015, Sobrinho was linked to a $5.7-billion fraudulent loan scheme.
Moroccan real estate mogul Alami Lazraq gains $25.7 million in 77 days
Lazraq is one of the wealthiest investors on the Casablanca bourse.
South African billionaire Patrice Motsepe’s net worth rises by $300 million in 11 weeks
The billionaire is one of the richest men in Africa.
Egyptian businessman Ashraf Sabry loses more than $8.5 million from stake in fintech unicorn
Sabry, who founded the payment platform in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the company.
Nigerian banker Herbert Wigwe’s Access Bank earns $385.6 million in profit in 2021
Despite a 51-percent increase in earnings, the board proposed a dividend of $0.00168 per share for shareholders.
Kenya-based 4G Capital, led by Wayne Hennessy-Barrett, raises $18.5 million
Hennessy-Barrett launched 4G Capital in 2013 after working as a loan manager for a Kenyan institution for a short time.
Nigerian tycoon Tony Elumelu calls gov’t to order, says 90 percent of Nigerians live in poverty
Elumelu believes Nigerians face too many challenges in their daily lives due to government mismanagement.
Sam Darwish’s IHS Towers suffers over $26 million in losses in 2021
IHS Towers is a leading telecom infrastructure group.
John Kimani-linked Kakuzi Plc receives approval to export avocados to China
Kimani has a substantial 32.3-percent stake in the firm, totaling 6,330,699 shares.
Kenya-based entrepreneur Daniel Yu’s Wasoko raises $125 million at $625-million valuation
Since Yu founded Wasoko in 2015, it has expanded its operations beyond Kenya and delivered 2.5 million orders.
Tsitsi Masiyiwa, Melinda French Gates, others join forces with Co-Impact to launch $1-billion gender fund
Co-Impact will allocate at least 10 percent of the funds raised to feminist and women’s rights organizations and movements.