This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Feyisayo Ajayi
Feyisayo Ajayi
Feyisayo Ajayi is a financial reporter for Billionaires.Africa. He covers topics ranging from company valuations to educational technology. Feyisayo holds a degree in geology from the acclaimed University of Ibadan.
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Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
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Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
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Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, to distribute $15 million to shareholder
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 …
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The recent decision to sell Transcorp Hotels Calabar exemplifies a wider consolidation trend within the Nigerian hospitality sector.
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This recent setback comes on the heels of a previous surge in Ellison’s wealth between Feb. 20 and April 1, when his …
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With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the …
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Kenyan entrepreneur Thomas Njeru’s Pula raises $20 million to broaden insurance access for farmers
Pula’s successful fundraising round underscores the growing recognition of the vital role played by insurtech in bolstering climate resilience for smallholder farmers.
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The transaction, subject to regulatory approval and customary closing conditions, is expected to be finalized in Q3 2024.
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While Peterside faces a significant decline in his stake in Stanbic IBTC, he remains poised to benefit from impressive dividends proposed by …