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.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.
Nigerian banker Herbert Wigwe faces $5-million loss in Access Holdings stake
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Lender linked to Kenya’s richest families to raise interest rates for second time
NCBA Group counts some of Kenya’s richest families among its shareholders, including the Kenyatta, Merali, and Ndegwa families.
Morocco’s second-richest man Othman Benjelloun gains $117 million from BOA stake
Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, launches payment unit
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.
South African businessman Mteto Nyati steps down from Nedbank board
Nyati is widely recognized as an inspiring leader with a proven track record of successfully executing growth and turnaround strategies.
Nigerian oil tycoon Omamofe Boyo could go on trial in Milan over alleged fraudulent tanker deal
Boyo is the deputy CEO of Oando Plc and owns an indirect 19.1-percent stake in the company.
Egyptian fintech founder Ashraf Sabry loses $1.3 million from Fawry stake
Sabry, who founded Fawry in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the fintech firm.
One of Malawi’s richest men, Thom Mpinganjira gains $125 million in 2023
Mpinganjira’s stake in the bank solidifies his position as one of the wealthiest individuals in Malawi and across Southern Africa.