Greek tycoon John Coumantaros rakes in $9.4 million from Flour mills stake
Coumantaros, the chairman of Flour Mills of Nigeria also ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
South African billionaire Christo Wiese’s Premier Group plans $66 million in capex over next two years
Premier Group is a prominent South African fast-moving consumer goods (FMCG) conglomerate partly owned by billionaire tycoon Christo Wiese.
South African tycoon Christopher Seabrooke loses nearly $3 million from Sabvest stake
Seabrooke, who has played a vital role in Sabvest Capital’s growth, holds a 40.61-percent stake in the investment holding company.
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Tunisian tycoon Abdelwaheb Ben Ayed gains $1 million from Poulina stake
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.
Moroccan real estate tycoon Alami Lazraq loses $10 million from ADI stake
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Kenyan top executive James Ndegwa loses $2.4 million from NCBA Group stake
Ndegwa, the former chairman of the Capital Markets Authority is a top figure in the Kenyan business scene.
10 richest people on the Namibia Stock Exchange
The valuation of their substantial stock holdings is based on the closing prices as of Nov. 10, converted into U.S. dollars using prevailing exchange rates.
10 richest people on the Ghana Stock Exchange
Meet the 10 individuals who own the most substantial stock ownership positions on the Ghana Stock Exchange.
Nigerian elders urge restraint in Dangote-Rabiu business conflict for stability
Dangote and Rabiu are leaders of Africa’s industrial and manufacturing revolution through their conglomerates Dangote Group and BUA Group.
Egyptian tycoon Safwan Thabet’s Juhayna posts $28 million in profit in 9M 2023
Juhayna Food Industries is a prominent Egyptian dairy, juice, and cooking product manufacturer led by Safwan Thabet.
Egyptian businessman Medhat Khalil’s Raya Holding to secure $35.5-million loan
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
Dangote to receive $2.07-million interim dividend from salt-processing business
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
Egyptian tycoon Hani Berzi’s group reports nine-month profit exceeding $40 million
Edita Food Industries’ profit under Hani Berzi surged well beyond expectations, reaching over $40 million.
10 richest Moroccans on the Casablanca Stock Exchange
This list spotlights the top 10 individuals who hold the most valuable portfolios on the Casablanca bourse, providing a unique insight into Morocco’s financial elite.