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.
Egyptian mogul Safwan Thabet gains $31 million in 32 days from stake in Juhayna
One of North Africa’s leading businessmen in the consumer goods industry, Safwan Thabet owns a majority 50.07 percent stake in Juhayna Food Industries.
South African businessman Josua Maherbe’s stake in Remgro falls below $10 million
Malherbe’s role as a non-executive deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders.
South African tech tycoon Zak Calisto gains nearly $140 million as Karooooo surges on Nasdaq
With a market value of more than $600 million from his 74.73-percent shareholding in Karooooo, Calisto is one of Africa’s wealthiest technology entrepreneurs.
Nigeria’s second-richest man Abdul Samad Rabiu’s BUA Group hits back at Aliko Dangote
Rabiu’s BUA Group counters Dangote’s accusations with a history of perseverance.
Bob van Dijk, former CEO of Africa’s largest company, suffers $9-million loss in 57 days
Van Dijk, former CEO of Africa’s biggest company, suffers $9-million loss in 57 days.
Egyptian billionaire Yasseen Mansour rakes in $4.4 million from real estate firm
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
South African tycoon Adrian Gore gains $21 million from investment in Discovery
As the founder of the leading financial services group, Gore owns a 12.96-percent stake in Discovery, which amounts to 87,267,598 ordinary shares.
South African exec Terence Sibiya earns $1.1-million salary from Nedbank in 2022
Sibiya was appointed Nedbank’s managing executive for the rest of Africa in 2018, and, in 2020, he joined the group executive committee.
Kenyan tycoon James Mwangi earns $1.4-million salary from Equity Group
Mwangi has played a key role in Equity Group’s expansion over the years, leading the expansion of the lender’s operations into multiple countries.
Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
South African tycoon Stephen Brookes loses $1.8-million from Balwin stake
This significant downturn in Brookes’ stake underscores the challenges faced by Balwin Properties and its largest shareholder amidst the market turbulence.
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