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Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and cost-effectiveness.
The company’s revenue soared beyond the $90-million mark during the period under review, marking a significant milestone in its operations.
The move by the Dangote Oil Refinery, led by Aliko Dangote, who holds the title of the world’s richest Black billionaire, signals a significant change in strategy.
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
Engelbrecht, the accomplished South African business executive, became group CEO of Clicks Group in January 2022.
The surge in Otedola’s net worth is attributed to the stellar performance of his diverse investment portfolio.
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
According to Wigwe, the proposed acquisition will contribute positively to the growth and development of the pension industry.
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Iwosan Investments is a leading healthcare investment firm committed to transforming and improving Nigeria’s healthcare landscape.
This rapid increase in Dewji’s wealth is attributed to the revaluation of his stake in MeTL Group, a conglomerate with an extensive portfolio spanning over 150 products.
The conflict between the two companies began in September 2023 when Google Cloud Services provider Incentro Africa filed a lawsuit against Twiga Foods.
Under the leadership of Allam, Hassan Allam Holding has been making strides in the engineering and construction sectors for more than eight decades.
Rising shares propel Rabiu’s stake in cement and food ventures to a combined $11.91-billion valuation.
