Moroccan tycoon Adil Douiri gains $2.9 million from Mutandis shares
The impressive growth of Douiri’s stake in Mutandis SCA underscores investors’ confidence in the Moroccan consumer goods company.
Nigerian banker Peter Ashade-led United Capital rakes in $11 million in profit in 9M 2023
Ashade said United Capital’s third-quarter performance reflects the group’s ability to deliver sustainable earnings despite the challenging business environment.
Firm linked to Egypt’s billionaire El-Sewedy family secures $50-million EBRD loan
The $50-million loan from EBRD will further enhance Elsewedy Electric’s ability to meet the growing demand for cables and electrical equipment in the region.
Kenyan tycoon Chris Kirubi’s heirs gain $1.3 million from stake in Centum
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm slumps by $78 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.
Greek tycoon John Coumantaros’ Flour Mills to reward shareholders with $12-million dividend
Coumantaros owns a controlling 63.34 percent stake in Flour Mills of Nigeria through Excelsior Shipping Company.
Greek tycoon John Coumantaros’ Flour Mills pays $842 million to Nigerian suppliers
Coumantaros, a Greek business magnate, is one of the wealthiest industrialists on the Nigerian Exchange, owning a 63.34-percent stake in Flour Mills of Nigeria.
Billionaire Royal Family of Morocco gains $242 million from Attijariwafa Bank
Through Al Mada, his royal family office, King Mohammed VI of Morocco lays claim to the largest fortune by any Moroccan on the Casablanca Stock Exchange.
5 companies linked to South African businessman Nkululeko Sowazi
With his extensive knowledge and strong leadership, Sowazi has solidified his position as a prominent figure in the business world.
Botswana tycoon Farouk Ismail gains $3 million from Choppies stake
This surge has solidified Farouk Ismail’s standing as one of Botswana’s most affluent businessmen.
Nigerian businessman Tony Elumelu rakes in $12 million in 31 days from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Nigerian oil tycoon Omamofe Boyo’s stake in Oando declines by $17.5 million
Boyo’s stake in Oando is held through his 33.33-percent position in Ocean and Oil Development Partners.
Nigerian billionaire Arthur Eze’s oil exploration licenses in Uganda have expired
Oranto Petroleum Limited, owned by Nigerian billionaire Arthur Eze, recently saw its oil exploration licenses in Uganda’s Kikuube district, expire.
Naivas, owned by Kenya’s Mukuha family, opens 100th branch
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Tunisian tycoon Habib Essayeh suffers $2-million loss from Euro-Cycles stake
Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
Wema Bank stock decline results in $3.7-million loss for Nigerian gambling magnate
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, owns a 28.15-percent stake in Wema Bank.