Moroccan tycoon Lamia Tazi loses $2.8 million from Sothema stake
Lamia Tazi, the CEO and chairperson of Sothema and one of the most affluent investors on the Casablanca Stock Exchange, holds an 8.4-percent stake in the healthcare company
South African tycoon Jens Montanana loses $5 million from Datatec stake
Under Jens Montanana’s leadership, Datatec has expanded to more than 50 countries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.
Egyptian mogul Hassan Allam’s Thales forges alliance for digital advancement in the Middle East
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Moroccan PM Aziz Akhannouch suffers $30-million loss from Afriquia Gaz stake
Akhannouch indirectly owns shares in Afriquia Gaz SA and Maghreb Oxygene through the multibillion-dollar conglomerate Akwa Group.
Egypt’s Khamis family rakes in $21.3 million from Oriental Weavers’s stake
Khamis family’s wealth surge as joint shares in Oriental Weavers increase by $21.3 million in just 69 days, driven by a double-digit jump in stock price.
Kenyan banker Gideon Muriuki gains $1 million in 12 days
Muriuki, who sits at the helm of Co-op Bank and ranks as one of Kenya’s leading investors, holds a significant stake of two percent in the leading financial services group.
Morocco’s second-richest man Othman Benjelloun loses $59 million from BOA stake
According to recent stock market data, Benjelloun owns a significant 27.41-percent stake in the Bank of Africa.
South African-born tycoon Barry Stuhler gains $6.9-million from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
Egypt anticipates new billionaire as Hisham Talaat Moustafa’s TMG stake surges to $717 million
Hisham Talaat Moustafa is one of the wealthiest people in the entire North African region, thanks to his 43.16 percent stake in TMG Holdings
Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
ASR Africa focuses on delivering enduring impact in health, education, and social development across the African continent.
Egyptian tycoon Ashraf Sabry’s Fawry posts over $17 million in profit in 9M 2023
Fawry for Banking Technology and Electronic Payments (Fawry) is a leading fintech company founded by Egyptian tycoon Ashraf Sabry.
South African tycoon Gary Nagle earns $6.1-million salary from Glencore in 2022
Beyond his executive roles, Nagle holds a 0.016-percent stake in Glencore, equivalent to 2,000,000 shares — a stake presently valued at $11.63 million.
Bank led by Kenyan tycoon Gideon Muriuki records $120 million in profit in 9 months
Muriuki, managing director of Co-op Bank, emphasized the bank’s commitment to sustainable growth, resilience, and agility.
Egyptian businessman Hani Berzi gains $28.17 million in 20 days from Edita stake
Berzi, who founded Edita Food Industries in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer.
Nigerian banker Herbert Wigwe gains $4.6 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
South African banker Laurie Dippenaar gains $37 million from FirstRand shares
Dippenaar’s journey to financial success began in 1977 when he co-founded Rand Consolidated Investing alongside partners GT Ferreira and Paul Harris.