Dangote’s half-brother Sayyu Dantata’s oil firm posts $3-million half-year profit
Dantata, a multimillionaire businessman and half-brother of Nigerian billionaire Aliko Dangote, is the majority owner of MRS Oil Nigeria.
Greek tycoon John Coumantaros faces $18.9-million loss from Flour Mills shares
Coumantaros, a Greek business magnate is among the richest industrialists on the Nigerian Exchange.
African-American mogul Sheila Johnson’s luxurious resort undergoes rebranding
The rebranding effort is poised to reinforce the resort’s position under Salamander Collection, a hospitality management company.
One of Nigeria’s richest bankers, Herbert Wigwe, rakes in $9.8 million in 24 days
Wigwe’s stake in Access Holdings has grown by N7.59 billion ($9.87 million), reaching N55.89 billion ($72.7 million) .
Kenya’s Biwott family sells Yaya Center in multimillion-dollar deal
The late Nicholas Biwott was part of a generation of public servants who ventured into various businesses, impacting Kenya’s economy.
Swazi billionaire Natie Kirsh’s fortune plunges, losing over $500 million
The majority of Kirsh’s investments are held within his conglomerate, Kirsh Group.
Nigerian businessman Pascal Dozie’s stake in MTN Nigeria surges by $8 million
The surge in the market value of Dozie’s 1.6-percent stake in MTN Group can be attributed to renewed investor interest.
Ugandan tycoon Charles Mbire’s MTN Uganda posts more than $60-million profit in H1 2023
Holding a 3.99-percent stake in the telecom services provider, Mbire’s stake in MTN Uganda is $42 million.
Nigerian gambling magnate Adebutu’s daughter faces $1-million loss in Wema Bank stake
Abolanle Matel-Okoh, daughter and CEO of Havilah Ventures, who is also on the board of Wema Bank Plc, holds a 4.54-percent stake in Wema Bank.
Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
Egyptian billionaire Ghabbour family gains $33 million as GB Corp shares soar
The Ghabbour family currently holds a significant 62.9-percent stake in the automaker.
Nigerian tycoon Akintoye Akindele arrested over alleged fraud
As an entrepreneur, venture capitalist, and lecturer, Akindele has held significant positions in various companies across the world.
Kenya’s Merali family suffers $4.8 million loss in 18 days
Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Ghanaian tycoon Joseph Siaw Agyepong’s group commissions $22-million wastewater treatment plant
The facility was funded by the government of Hungary.
Richemont, led by Africa’s richest man Johann Rupert, acquires controlling stake in Italian shoemaker
Finalized in a private transaction, the deal marks a significant step for Richemont.