The drop in revenue was due to supply and logistics issues.
The continent's future is influenced by those who hold the wealth and resources — and their motives.
The Cape Town-based retail behemoth operates more than 2,000 stores across eight African countries.
The double-digit rise in earnings was driven by increased revenue from $299.3 million to $454.1 million.
The move marks Moove's first global expansion outside of Africa.
The compensation is more than three times the $1.12 million that he received in the 2020-2021 fiscal year.
Pioneers Properties is a subsidiary of Aspire Capital Holding, an Egyptian diversified group founded in 2007.
His group recently completed a bond issuance to fund the completion of the $19-billion Dangote Oil Refinery.
Rabiu, Africa's fifth-richest man, is presently worth $6.3 billion, according to Forbes.
Auto Hall distributes more than 16 brands in the automotive, mining, industrial, public works, agriculture, and oil sectors.